Cathay General Bancorp (CATY) Stock Looks Fully Priced As Q3 Earnings Improve

Cathay General Bancorp has rewarded shareholders with a strong multi year run, and the latest move higher now puts sharper focus on whether that price can still be explained by the bank's earnings power. With the stock around US$64.24 at the last close, the question is how well that market tag lines up with what the underlying profit stream actually supports. The share price is up 109.1% over the past 3 years, which puts a lot of weight on the idea that Cathay General Bancorp's earnings...