DA Davidson Has Bearish Outlook for CATY FY2026 Earnings

Cathay General Bancorp (NASDAQ:CATY) – Investment analysts at DA Davidson lowered their FY2026 EPS estimates for Cathay General Bancorp in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $4.90 per share for the year, down from their previous forecast of $4.93. 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. Piper Sandler dropped their price objective on shares of Cathay General Bancorp from $45.00 to $43.00 and set an “underweight” rating on the stock in a report on Monday, January 27th. Stephens dropped their price target on shares of Cathay General Bancorp from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lowered their target price on Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.80.

Cathay General Bancorp Trading Down 1.3 %

Shares of NASDAQ:CATY opened at $38.10 on Thursday. The stock’s 50-day simple moving average is $45.02 and its two-hundred day simple moving average is $46.67. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 9.62 and a beta of 0.99. Cathay General Bancorp has a 52-week low of $33.88 and a 52-week high of $55.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.03.

Cathay General Bancorp (NASDAQ:CATY) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. Cathay General Bancorp had a return on equity of 10.70% and a net margin of 20.57%.

Cathay General Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 27th were given a $0.34 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.36 annualized dividend and a yield of 3.57%. Cathay General Bancorp’s dividend payout ratio is currently 34.34%.

Hedge Funds Weigh In On Cathay General Bancorp

Several hedge funds have recently added to or reduced their stakes in CATY. FMR LLC boosted its position in shares of Cathay General Bancorp by 332.3% during the third quarter. FMR LLC now owns 25,313 shares of the bank’s stock valued at $1,087,000 after buying an additional 19,458 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Cathay General Bancorp by 17.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,236 shares of the bank’s stock valued at $2,509,000 after acquiring an additional 7,837 shares during the last quarter. Geode Capital Management LLC increased its stake in Cathay General Bancorp by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,713,650 shares of the bank’s stock worth $73,615,000 after purchasing an additional 20,840 shares during the period. Barclays PLC lifted its position in shares of Cathay General Bancorp by 104.3% during the third quarter. Barclays PLC now owns 145,690 shares of the bank’s stock worth $6,257,000 after purchasing an additional 74,394 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Cathay General Bancorp by 6.6% during 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 period. 75.01% of the stock is currently owned by institutional investors.

Cathay General Bancorp Company Profile

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.