StoneX Initiates Coverage of Cathay General Bancorp with Hold Rating
Fintel reports that on September 24, 2026, StoneX initiated coverage of Cathay General Bancorp (NASDAQGS:CATY) (DB:CN7) with a Hold recommendation.
Cathay General Bancorp, headquartered in the United States, is a prominent banking firm primarily engaged in providing commercial banking services through its subsidiary, Cathay Bank. A key component of its business involves offering a comprehensive suite of financial services, including commercial loans, mortgage loans, and corporate banking solutions. The company continually invests in technology and innovative banking solutions to enhance service delivery and customer satisfaction, strongly emphasizing digital banking advancements and cross-border financial services to connect Asian and North American markets.
Prior to the rating action, the company's stock closed at $60.47 on September 23, 2026. This latest close represents a price change of -2.47% over one week, compared to a baseline close of $62.00 on September 16, 2026. Over a one-month period, the stock experienced a price change of -2.94% from a baseline close of $62.30 on August 21, 2026.
Separately from the individual rating by StoneX, the current consensus target mean for the stock was recorded at $67.12 as of September 16, 2026, representing an implied change of +10.99% from the market price. The current consensus target median on that date was $67.32. This mean target is unchanged from the prior consensus target mean of $67.12 recorded on August 28, 2026, representing a consensus target revision of 0.00%.
Cathay General Bancorp last reported earnings on July 22, 2026. The company posted an actual EPS of 1.52, exceeding the estimated EPS of 1.368, which represents an EPS surprise of +11.11%. Actual revenue for the quarter was $221,204,000.00, compared to the estimated revenue of $222,643,356.00. The company's upcoming earnings date is scheduled for October 19, 2026.
As of the current recommendation period starting September 1, 2026, the broader analyst consensus consists of 10 total recommendations. This includes 1 strong buy, 5 hold, 2 sell, and 2 strong sell recommendations. This breakdown reflects 10.0% positive, 50.0% hold, and 40.0% negative recommendations. These figures are identical to the prior recommendation period starting August 1, 2026, which also had 10 total recommendations, consisting of 1 strong buy, 5 hold, 2 sell, and 2 strong sell recommendations, representing 10.0% positive, 50.0% hold, and 40.0% negative recommendations.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 24, 2026 | StoneX | Hold | initiated coverage |
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This story originally appeared on Fintel.