Cathay General Bancorp (CATY) Scheduled to Post Quarterly Earnings on Thursday
Cathay General Bancorp (NASDAQ:CATY) is set to announce its earnings results on Thursday, January 23rd. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Cathay General Bancorp (NASDAQ:CATY) opened at 25.96 on Wednesday. Cathay General Bancorp has a 52-week low of $17.87 and a 52-week high of $27.94. The stock’s 50-day moving average is $26.12 and its 200-day moving average is $24.46. The company has a market cap of $2.052 billion and a price-to-earnings ratio of 19.16.
CATY has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of Cathay General Bancorp from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, November 26th. Analysts at BMO Capital Markets reiterated a “hold” rating on shares of Cathay General Bancorp in a research note to investors on Sunday, October 27th. They now have a $24.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Cathay General Bancorp currently has an average rating of “Hold” and a consensus target price of $25.88.
Cathay General Bancorp is a holding company of Cathay Bank, a California state-chartered commercial bank (NASDAQ:CATY), six limited partnerships investing in affordable housing investments in which the Bank is the sole limited partner, and GBC Venture Capital, Inc The Bank owns 100% of the common stock of five statutory business trusts created for the purpose of issuing capital securities.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.