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home / news releases / CATY - Cathay General Bancorp: Positive Earnings Outlook Appears Priced-In

CATY - Cathay General Bancorp: Positive Earnings Outlook Appears Priced-In

Cathay General Bancorp
  • The economic recovery and a decline in loan payoffs will likely boost loan growth this year.
  • An excessively high allowance for loan losses will likely allow further provision reversals in the year ahead.
  • A large number of certificates of deposits are scheduled to mature this year. Their maturity will cut costs and boost earnings.
  • The year-end target price is quite close to the current market price. Further, CATY is offering a modest dividend yield.

For further details see:

Cathay General Bancorp: Positive Earnings Outlook Appears Priced-In
Stock Information
Company Name: Cathay General Bancorp
Stock Symbol: CATY
Market: NASDAQ
Website: cathaybank.com
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