Jefferies Starts Cathay General Bancorp (CATY) at Buy

Jefferies analyst David Chiaverini initiates coverage on Cathay General Bancorp (NASDAQ: CATY) with a Buy rating and a price target of $53.00.

The analyst comments "We are initiating coverage of Cathay with a BUY rating and a price target of $53. Our rating is based on the company's strong capital position (1Q25 CET-1 of 13.6%), which should provide ongoing flexibility, its exposure to the high-growth Asian-American market, and its positive net interest margin outlook. We also believe that investor fears related to Cathay's exposure to tariffs are likely overblown, and we expect net charge-offs to remain low relative to peers."

For an analyst ratings summary and ratings history on Cathay General Bancorp click here. For more ratings news on Cathay General Bancorp click here.

Shares of Cathay General Bancorp closed at $44.12 yesterday.

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