Keefe Bruyette raises target for Cathay General Bancorp stock
Published on 10/25/2026 at 00:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst revision and quarterly metrics
- Keefe Bruyette lifted its target to USD 70.00 from USD 67.00 on October 22, 2026.
- Third-quarter net income was USD 95.2 million for the period ended September 30, 2026.
- Net interest income reached USD 211.9 million in the third quarter of 2026.
Cathay General Bancorp (ISIN US1491501045) received a higher price target from Keefe Bruyette on October 22, 2026. According to Markets Insider, the firm lifted its target from USD 67.00 to USD 70.00 and kept a Market Perform rating.
Third-quarter earnings set the backdrop
Cathay General Bancorp reported third-quarter 2026 net income of USD 95.2 million, or USD 1.43 diluted earnings per share, for the period ended September 30, 2026. The result compared with USD 92.2 million, or USD 1.37 per share, in the second quarter. The figures appeared in a Business Wire release carried by Yahoo Finance.
Three milestones shaped the stock
On July 23, 2026, Keefe Bruyette raised its target from USD 64.00 to USD 67.00, according to MarketBeat. On October 21, 2026, the company reported third-quarter results and net interest income of USD 211.9 million. On October 22, 2026, the target reached USD 70.00.
What changed in third quarter?
Net interest income increased to USD 211.9 million from USD 200.9 million in the second quarter, while net interest margin expanded to 3.52 percent from 3.48 percent. Loans rose to USD 21.20 billion from USD 20.62 billion, and deposits reached USD 21.83 billion from USD 21.06 billion. Credit costs also rose: the provision for credit losses was USD 28.6 million, compared with USD 11.2 million in the second quarter. Cathay General Bancorp said the provision reflected loan growth and updated loss assumptions in its October 21 filing with the SEC.
Stock valuation after the update
The last quoted Nasdaq price was USD 64.30 on October 23, 2026 at 4:00 p.m. ET. The quote stood USD 0.96 below the USD 65.26 52-week high and carried a market capitalization of USD 4.3 billion on that date. The combination of stronger lending income and higher credit provisions leaves the revised target dependent on continued margin performance.
The further course of trading is shown by the continuously updated real-time quote of Cathay General Bancorp stock.
Cathay General Bancorp at a glance
- Company: Cathay General Bancorp
- ISIN: US1491501045
- Ticker: CATY
- Primary exchange: Nasdaq
- Market capitalization: USD 4.3 billion (as of October 23, 2026)
- 52-week range: USD 44.57-65.26 (as of October 23, 2026)
- Sector / Industry: Financial Services / Regional Banks
Market context: Market report S&P 500.
