D.A. Davidson analyst Gary Tenner maintained a Hold rating on Cathay General Bancorp (CATY – Research Report) today and set a price target of $35.00. The company’s shares closed yesterday at $33.31.
Tenner covers the Financial sector, focusing on stocks such as BancFirst, Hope Bancorp, and Axos Financial. According to TipRanks, Tenner has an average return of 9.4% and a 53.18% success rate on recommended stocks.
In addition to D.A. Davidson, Cathay General Bancorp also received a Hold from Piper Sandler’s Matthew Clark in a report issued today. However, on the same day, Wedbush maintained a Buy rating on Cathay General Bancorp (NASDAQ: CATY).
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Based on Cathay General Bancorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $204.64 million and a net profit of $93.22 million. In comparison, last year the company earned a revenue of $189.78 million and had a net profit of $88.98 million
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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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