Cathay General Bancorp (NASDAQ:CATY – Get Free Report) is expected to post its Q2 2025 quarterly earnings results after the market closes on Tuesday, July 22nd. Analysts expect Cathay General Bancorp to post earnings of $1.09 per share and revenue of $197.04 million for the quarter.
Cathay General Bancorp (NASDAQ:CATY – Get Free Report) 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. Cathay General Bancorp had a net margin of 20.55% and a return on equity of 10.23%. The business had revenue of $187.84 million during the quarter, compared to the consensus estimate of $186.17 million. During the same quarter last year, the company posted $1.05 earnings per share. On average, analysts expect Cathay General Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Cathay General Bancorp Stock Performance
NASDAQ CATY opened at $49.26 on Tuesday. Cathay General Bancorp has a 52-week low of $36.06 and a 52-week high of $55.29. The company has a 50-day simple moving average of $44.52 and a 200 day simple moving average of $44.42. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $3.45 billion, a PE ratio of 12.44 and a beta of 0.93.
Cathay General Bancorp Dividend Announcement
Cathay General Bancorp declared that its board has authorized a stock repurchase program on Wednesday, June 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the bank to buy up to 5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $51.00 price objective on shares of Cathay General Bancorp in a research note on Tuesday, April 22nd. Jefferies Financial Group set a $53.00 price objective on shares of Cathay General Bancorp and gave the company a “buy” rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $50.17.
Get Our Latest Stock Analysis on Cathay General Bancorp
Insider Transactions at Cathay General Bancorp
In other Cathay General Bancorp news, EVP Thomas M. Lo sold 729 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $45.00, for a total transaction of $32,805.00. Following the transaction, the executive vice president directly owned 4,000 shares of the company’s stock, valued at approximately $180,000. The trade was a 15.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.76% of the company’s stock.
Institutional Trading of Cathay General Bancorp
Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio bought a new position in Cathay General Bancorp in the 1st quarter worth about $112,000. Caxton Associates LLP bought a new position in Cathay General Bancorp in the 1st quarter worth about $316,000. Royal Bank of Canada boosted its stake in Cathay General Bancorp by 25.8% in the 1st quarter. Royal Bank of Canada now owns 14,761 shares of the bank’s stock worth $634,000 after purchasing an additional 3,030 shares in the last quarter. AQR Capital Management LLC boosted its stake in Cathay General Bancorp by 20.0% in the 1st quarter. AQR Capital Management LLC now owns 40,456 shares of the bank’s stock worth $1,708,000 after purchasing an additional 6,740 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cathay General Bancorp by 1.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,395 shares of the bank’s stock worth $1,738,000 after purchasing an additional 760 shares in the last quarter. 75.01% of the stock is owned by hedge funds and other institutional investors.
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.
Read More
- Five stocks we like better than Cathay General Bancorp
- What Are Dividend Contenders? Investing in Dividend Contenders
- These 3 Undervalued Stocks Could Surge as Value Rotation Nears
- What Does Downgrade Mean in Investing?
- Tilray Shares Blazing: What’s Behind the 55% Rally This Month?
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- 3 Retail Stocks to Watch as Back-to-School Spending Ramps Up
Receive News & Ratings for Cathay General Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cathay General Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.