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home / news releases / CATY - Cathay General Bancorp: Earnings Outlook Is Positive Further Price Upside Possible

CATY - Cathay General Bancorp: Earnings Outlook Is Positive Further Price Upside Possible

Cathay General Bancorp
  • The high level of existing loan loss reserves will likely keep the provisioning requirement low in the coming quarters.
  • The upcoming maturity of expensive Certificates of Deposits will likely lift the net interest margin.
  • Credit risk is down as only 4% of total loans were under modifications at the end of the last quarter, as opposed to 14% at the end of June 2020.
  • The target price for next year suggests a high upside from the current market price.

For further details see:

Cathay General Bancorp: Earnings Outlook Is Positive, Further Price Upside Possible
Stock Information
Company Name: Cathay General Bancorp
Stock Symbol: CATY
Market: NASDAQ
Website: cathaybank.com
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