Zacks Rating on Cathay General Bancorp (CATY)

Cathay General Bancorp (CATY) : 3 analysts are covering Cathay General Bancorp (CATY) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Cathay General Bancorp (CATY) : The consensus price target for Cathay General Bancorp (CATY) is $32.13 for the short term with a standard deviation of $0.63. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $32.


Shares of Cathay General Bancorp rose by 0.75% in the last five trading days and 3.07% for the last 4 weeks. Cathay General Bancorp is up 2.15% in the last 3-month period. Year-to-Date the stock performance stands at -0.15%. Cathay General Bancorp (NASDAQ:CATY): On Tuesdays trading session , Opening price of the stock was $31.08 with an intraday high of $31.11. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $30.81. However, the stock managed to close at $30.89, a loss of 0.03% for the day. On the previous day, the stock had closed at $30.9. The total traded volume of the day was 292,465 shares.

Cathay General Company is a bank holding company. The Company operates through Cathay Bank, a California state-chartered commercial bank (the Bank), seven limited partnerships investing in affordable housing investments in which the Bank is the sole limited partner, and GBC Venture Capital, Inc. The Bank primarily services individuals, professionals and small to medium-sized businesses in the local markets in which its branches are located and provides commercial mortgage loans, commercial loans, residential mortgage loans, real estate construction loans, home equity lines of credit and installment loans to individuals. It operates approximately 60 branches, across California, New York State, Chicago, Washington State, Texas, Maryland, Massachusetts, Nevada, New Jersey, Hong Kong, Taipei and Shanghai. It offers deposit products, including passbook accounts, checking accounts, college certificates of deposit and public funds deposits.

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