DA Davidson Has Positive Outlook for CATY FY2025 Earnings

Cathay General Bancorp (NASDAQ:CATY) – DA Davidson boosted their FY2025 earnings estimates for shares of Cathay General Bancorp in a research note issued to investors on Thursday, May 1st. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $4.48 per share for the year, up from their prior forecast of $4.38. The consensus estimate for Cathay General Bancorp’s current full-year earnings is $4.47 per share. DA Davidson also issued estimates for Cathay General Bancorp’s FY2026 earnings at $4.91 EPS.

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

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

Cathay General Bancorp Price Performance

Cathay General Bancorp stock opened at $42.94 on Monday. Cathay General Bancorp has a 12-month low of $34.75 and a 12-month high of $55.29. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $41.99 and a 200-day moving average price of $46.19. The firm has a market capitalization of $3.01 billion, a PE ratio of 10.84 and a beta of 0.91.

Cathay General Bancorp Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CATY. Barclays PLC raised its position in shares of Cathay General Bancorp by 104.3% in the 3rd quarter. Barclays PLC now owns 145,690 shares of the bank’s stock worth $6,257,000 after acquiring an additional 74,394 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Cathay General Bancorp by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 156,125 shares of the bank’s stock valued at $6,706,000 after purchasing an additional 9,724 shares during the last quarter. GAMMA Investing LLC raised its holdings in Cathay General Bancorp by 42.9% in the fourth quarter. GAMMA Investing LLC now owns 2,188 shares of the bank’s stock worth $104,000 after purchasing an additional 657 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Cathay General Bancorp by 5.0% during the fourth quarter. Nordea Investment Management AB now owns 151,459 shares of the bank’s stock valued at $7,256,000 after buying an additional 7,186 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Cathay General Bancorp by 821.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,764 shares of the bank’s stock valued at $18,176,000 after buying an additional 340,329 shares in the last quarter. Hedge funds and other 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.