Cathay General Bancorp Shares Fall Below 200-Day Moving Average

Cathay General Bancorp (CATY) shares crossed below their 200-day moving average of $45.88, trading as low as $45.56 per share. This represents a 1.6% drop in trading on Wednesday. The company's 52-week range is between $36.055 and $55.29 per share.

Cathay General Bancorp (CATY) shares crossed below their 200-day moving average of $45.88, trading as low as $45.56 per share on Wednesday. This represents a 1.6% drop in trading. The company's 52-week range is between $36.055 and $55.29 per share [1].

The dip in CATY shares comes after the company reported its Q2 2025 earnings, which narrowly beat analyst estimates. Cathay General Bancorp reported earnings per share of $1.10 and revenue of $196.6 million, both slightly above analyst expectations of $1.09 and $195.9 million, respectively [1].

Despite the earnings beat, the company faced notable asset quality challenges. Non-performing assets rose 14.9% quarter over quarter, and net charge-offs increased to $12.7 million. The company maintained a quarterly dividend of $0.34 per share and repurchased $35.6 million of its own stock [1].

The decline in CATY shares may be attributed to concerns over asset quality and the potential impact on future earnings. Investors will closely monitor these factors as they assess the company's prospects.

References:
[1] https://www.nasdaq.com/articles/cathay-bancorp-posts-q2-earnings-beat