Cathay General Bancorp Shares Fall Below 200-Day Moving Average
ByAinvest
Wednesday, Jul 30, 2025 4:43 pm ET1min read
CATY--
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
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
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet