Cathay General Bancorp traded at $54.37 this Friday April 24th, decreasing $0.88 or 1.59 percent since the previous trading session. Looking back, over the last four weeks, Cathay General Bancorp lost 9.84 percent. Over the last 12 months, its price rose by 28.87 percent. Looking ahead, we forecast Cathay General Bancorp to be priced at 53.06 by the end of this quarter and at 49.63 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cathay General Bancorp is the holding company of Cathay Bank (the Bank); ten limited partnerships investing in affordable housing investments; and GBC Venture Capital, Inc. The Company also owns common stock of five statutory business trusts created for the purpose of issuing capital securities. The Bank provides commercial mortgage loans, commercial loans, the United States Small Business Administration (SBA) 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. Its investment portfolio includes the United States Government securities, mortgage-backed securities, collateralized mortgage obligations, corporate debt instruments, and mutual funds. The Bank operates branches and/or loan production offices in California, New York, Washington, Illinois, Texas, Maryland, Massachusetts, Nevada, and New Jersey.