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home / news releases / CATY - Cathay General Bancorp: Expecting Earnings To Decline Downgrading To Hold

CATY - Cathay General Bancorp: Expecting Earnings To Decline Downgrading To Hold

Cathay General Bancorp

2024-01-31 02:13:28 ET

Summary

  • The margin will likely benefit from rate cuts this year.
  • Growth of non-interest expenses will likely undermine the effect of loan growth on the bottom line.
  • The December 2024 target price suggests a small downside from the current market price. Further, CATY is offering a modest dividend yield.

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For further details see:

Cathay General Bancorp: Expecting Earnings To Decline, Downgrading To Hold
Stock Information
Company Name: Cathay General Bancorp
Stock Symbol: CATY
Market: NASDAQ
Website: cathaybank.com
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