About Matthew Clark
Matthew Clark is the largest independent distributor to the UK on-trade drinks sector, delivering to approximately 17,000 premises each year. The company offers a range of over 4,000 products including beers, wines, spirits, ciders and soft drinks, sourced from in excess of 300 suppliers.
Latest Matthew Clark News
Nov 6, 2023
ClaudineVM/iStock Editorial via Getty Images Cathay General Bancorp (NASDAQ: CATY ) stock drifted down 1.1% in Monday late morning trading after Piper Sandler analyst Matthew Clark downgraded the regional lender to Underweight from Neutral on the basis of its lower reserve coverage and its relative valuation. In a note to clients, Clark pointed out that CATY's 0.81% reserve coverage trails that of peers by 31 basis points. The downbeat coverage also comes after the bank lowered its 2023 guidance for net interest margin to 3.45%-3.50% from 3.50%-3.60%. Even so, the stock has still gained over 10% since that downward revision. In addition, "its buyback is also on hold for the next few months and until it receives regulatory approval," the note said.
Matthew Clark Frequently Asked Questions (FAQ)
Where is Matthew Clark's headquarters?
Matthew Clark's headquarters is located at Whitchurch Lane, Bristol.
What is Matthew Clark's latest funding round?
Matthew Clark's latest funding round is Acquired - II.
Who are the investors of Matthew Clark?
Investors of Matthew Clark include C&C Group and Conviviality.