In a report released today, Matthew Clark from Piper Sandler maintained a Hold rating on Cathay General Bancorp (CATY – Research Report), with a price target of $31.00. The company’s shares closed yesterday at $33.31.
According to TipRanks, Clark is a 4-star analyst with an average return of 4.9% and a 48.17% success rate. Clark covers the Financial sector, focusing on stocks such as Cathay General Bancorp, Glacier Bancorp, and HomeStreet.
Currently, the analyst consensus on Cathay General Bancorp is a Hold with an average price target of $38.60.
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CATY market cap is currently $2.42B and has a P/E ratio of 6.59.
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Cathay General Bancorp (CATY) Company Description:
Cathay General Bancorp is a holding company, which engages in the provision of financial services. It offers commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for automobile, household, and other consumer expenditures. The company was founded in 1962 and is headquartered in Los Angeles, CA.
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