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Cathay General Bancorp ( (CATY) ) has shared an announcement.
On May 12, 2025, Cathay General Bancorp held its Annual Meeting of Stockholders, where several key decisions were made. The stockholders approved the amended and restated 2005 Incentive Plan, which increased the number of shares authorized for issuance by 1,724,538. Additionally, four Class II directors were elected, the executive compensation was approved, and KPMG LLP was ratified as the independent registered public accounting firm for the 2025 fiscal year. These decisions are likely to impact the company’s operations by aligning executive incentives with shareholder interests and ensuring continued financial oversight.
The most recent analyst rating on (CATY) stock is a Hold with a $43.00 price target. To see the full list of analyst forecasts on Cathay General Bancorp stock, see the CATY Stock Forecast page.
Spark’s Take on CATY Stock
According to Spark, TipRanks’ AI Analyst, CATY is a Neutral.
Cathay General Bancorp has a strong financial foundation with solid revenue growth and a robust balance sheet, although profitability and cash flow generation need improvement. The stock’s technical indicators show mixed trends with potential overbought conditions. The valuation appears reasonable, offering a good dividend yield. The earnings call presented a mixed outlook, with positive net interest margin developments but challenges in income and growth guidance due to economic uncertainties.
To see Spark’s full report on CATY stock, click here.
More about Cathay General Bancorp
Cathay General Bancorp operates in the financial services industry, primarily offering banking products and services. The company focuses on providing a range of financial solutions, including loans, deposits, and investment services, targeting both individual and business clients.
Average Trading Volume: 471,305
Technical Sentiment Signal: Hold
Current Market Cap: $3.17B
For a thorough assessment of CATY stock, go to TipRanks’ Stock Analysis page.