Wall Street sees USD 62.25 target for Cathay General Bancorp stock

Published on 10/17/2026 at 18:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter earnings per share reached USD 1.37. Cathay General Bancorp stock closed at USD 59.96 on October 16, 2026, down 0.32 percent on Nasdaq.

Dates and bank earnings

On October 15, 2026, seven firms gave Cathay General Bancorp an average target of USD 62.25.
Second-quarter diluted earnings per share reached USD 1.37 against USD 1.35 expected.
Cathay General Bancorp stock closed at USD 59.96 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, down 0.32 percent from USD 60.15.
Third-quarter results are scheduled for October 21, 2026 after the market close.

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Wall Street analysts put Cathay General Bancorp's average 12-month target at USD 62.25 on October 15, 2026, or 3.82 percent above the Nasdaq close of USD 59.96 on October 16, 2026, according to MarketBeat. Cathay General Bancorp closed at USD 59.96 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, down 0.32 percent from USD 60.15.

Analysts see limited upside

The consensus covers seven firms: five Hold ratings, one Buy and one Sell. The target is 3.82 percent above the October 16 closing price, leaving the analyst view close to the market level rather than pointing to a large gap.

Second-quarter earnings beat estimates

Cathay General Bancorp reported USD 1.37 in diluted earnings per share and USD 221.20 million in revenue for the second quarter of 2026, according to MarketBeat. Earnings per share exceeded the USD 1.35 consensus estimate by USD 0.02, while revenue increased 13.10 percent from the prior-year quarter. The comparison gives the next report a clear benchmark.

Price sits below yearly high

The October 16 close was 8.12 percent below the 52-week high of USD 65.26 and 34.54 percent above the 52-week low of USD 44.57. Trading volume reached 535,056 shares against an average of 449,915 shares, while the stock was up 23.91 percent year to date.

Valuation and October 21 results

Cathay General Bancorp had a market capitalization of USD 4.0 billion and a P/E ratio of 11.71 on October 16, 2026. The company is scheduled to publish third-quarter 2026 results after the market close on October 21, 2026, according to Business Wire. That release is the next scheduled date for a fresh earnings comparison.

Comparison with peers

CATY (Nasdaq, USD): minus 0.32 percent, P/E 11.71, market capitalization USD 4.0 billion.
Comerica (NYSE, USD): minus 4.51 percent, P/E 21.95, market capitalization USD 11.3 billion.
First Horizon (NYSE, USD): plus 0.09 percent, P/E 16.46, market capitalization USD 10.8 billion.

Trading context

Cathay General Bancorp's combination of a USD 62.25 consensus target, a 23.91 percent year-to-date gain and an upcoming October 21 report gives investors three measurable reference points. The stock's 52-week range remains wide, with the October 16 close nearer the upper end than the lower end.