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CATY - Cathay General Bancorp's Earnings Growth To Continue
Cathay General Bancorp
Earnings of Cathay General Bancorp (CATY), the holding company for Cathay Bank, are expected to increase mostly on the back of loan growth. Due to the earnings increase, I expect the company's trend of rising dividend to continue in the remainder of this year and 2020. I also expect the company's price to rise by more than 20% till the end of 2020.
Loan Growth to Decline
I'm expecting CATY's loan book to continue to grow at around 2% sequentially in both of the remaining quarters this year. My expectation is based on