Piper Sandler (NYSE:PIPR) analyst Matthew Clark maintained a Hold rating on Cathay General Bancorp (NASDAQ:CATY) on Thursday, setting a price target of $25, which is approximately 15.31% above the present share price of $21.68.
Clark expects Cathay General Bancorp to post earnings per share (EPS) of $0.68 for the fourth quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Hold rating of shares in Cathay General Bancorp, with an average price target of $25.
The analysts price targets range from a high of $25 to a low of $25.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $150.08 million and a net profit of $0. The company's market cap is $1.73 billion.
According to TipRanks.com, Piper Sandler analyst Matthew Clark is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.3% and a 42.48% success rate.
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.