In a report released yesterday, Christopher Mcgratty from KBW maintained a Hold rating on Cathay General Bancorp (CATY – Research Report), with a price target of $46.00. The company’s shares closed yesterday at $43.95.
Mcgratty covers the Financial sector, focusing on stocks such as Webster Financial, Comerica, and Pacwest Bancorp. According to TipRanks, Mcgratty has an average return of 11.0% and a 64.52% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Cathay General Bancorp with a $41.00 average price target.
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CATY market cap is currently $3.17B and has a P/E ratio of 8.62.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CATY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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