UCBH Holdings Inc., a San Francisco bank that targets Chinese-Americans, has consistently had a healthy stock price and won excellent ratings from analysts, despite a high price-earnings multiple.
And the stock is getting better. Lana Chan, an analyst at CIBC World Markets, added yet another "buy" rating on Tuesday when she initiated coverage for the company. Her target price of $72 leaves the stock with plenty of room to grow. On Tuesday, UCBH was up $1.2813, or 2.32%, to $56.4688, which calculates to a multiple of 22.25.