What is DA Davidson’s Forecast for CATY Q2 Earnings?

Cathay General Bancorp (NASDAQ:CATY) – DA Davidson issued their Q2 2025 earnings per share estimates for Cathay General Bancorp in a research report issued to clients and investors on Thursday, May 1st. DA Davidson analyst G. Tenner anticipates that the bank will post earnings of $1.07 per share for the quarter. The consensus estimate for Cathay General Bancorp’s current full-year earnings is $4.47 per share.

A number of other research firms also recently issued reports on CATY. Stephens reissued an “overweight” rating and issued a $51.00 target price on shares of Cathay General Bancorp in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods decreased their price objective on Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, January 23rd. Finally, Piper Sandler lowered their price objective on Cathay General Bancorp from $45.00 to $43.00 and set an “underweight” rating on the stock in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Cathay General Bancorp presently has an average rating of “Hold” and a consensus price target of $49.60.

Cathay General Bancorp Trading Up 2.1 %

Shares of CATY stock opened at $42.94 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.01 billion, a P/E ratio of 10.84 and a beta of 0.99. The company has a 50 day moving average of $41.99 and a 200-day moving average of $46.19. Cathay General Bancorp has a 12-month low of $34.75 and a 12-month high of $55.29.

Cathay General Bancorp (NASDAQ:CATY) last posted its quarterly earnings data on Monday, April 21st. The bank reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. The business had revenue of $187.84 million during the quarter, compared to the consensus estimate of $186.17 million. Cathay General Bancorp had a net margin of 20.57% and a return on equity of 10.70%. During the same quarter last year, the company posted $1.05 earnings per share.

Cathay General Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 27th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.36 dividend on an annualized basis and a yield of 3.17%. Cathay General Bancorp’s dividend payout ratio (DPR) is 34.34%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CATY. Captrust Financial Advisors boosted its position in shares of Cathay General Bancorp by 1.0% in the fourth quarter. Captrust Financial Advisors now owns 23,486 shares of the bank’s stock valued at $1,118,000 after acquiring an additional 222 shares during the period. Cetera Investment Advisers increased its holdings in Cathay General Bancorp by 0.8% during the 4th quarter. Cetera Investment Advisers now owns 31,770 shares of the bank’s stock worth $1,513,000 after acquiring an additional 255 shares during the period. SummerHaven Investment Management LLC lifted its stake in Cathay General Bancorp by 1.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 20,747 shares of the bank’s stock worth $893,000 after purchasing an additional 303 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Cathay General Bancorp by 63.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 850 shares of the bank’s stock valued at $40,000 after purchasing an additional 330 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Cathay General Bancorp by 4.1% in the 4th quarter. Bank of Montreal Can now owns 9,961 shares of the bank’s stock valued at $474,000 after purchasing an additional 394 shares during the period. Institutional investors own 75.01% of the company’s stock.

About Cathay General Bancorp

Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits.