NEW YORK — Shares of UCBH Holdings Inc., a San Francisco-based bank catering to the Chinese community, fell as much as 13% Monday after a D.A. Davidson analyst lowered his target price by 6.7% and cut his investment rating on the stock to neutral, citing a decline in bank valuations in recent weeks.

Keefe, Bruyette & Woods analyst Julianna Balicka also cut her target price for UCBH, the holding company of United Commercial Bank, though her reduction was by a much larger 21%. Balicka also now expects the company to post a loss for the fourth quarter, as well as for 2008 and 2009, compared with prior expectations for profits in all three periods.

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