Cathay General Bancorp

In a Stage 2 advance, CATY is riding a Devil’s Bargain continuation pattern above rising EMAs and the 50 DMA. The recent shallow pullback into the 9/21 EMA zone has held with constructive volume dynamics, offering a favorable entry. Medium- and long-term trends remain intact, and neutral overbought conditions support immediate buy participation on pullbacks. Watch for failure to hold near-term EMA support as the key risk to the bullish bias.

• ↑Q1 net income $86.9M, EPS $1.29; tangible book value rose to $30.95.
• ↑Dividend up 11.8% to $0.38/share; $150M share repurchase boosts returns.
• ↓Loan portfolio grew only 0.2% QoQ to $20.2B, below expectations.