Research Analysts Offer Predictions for CATY FY2025 Earnings

Cathay General Bancorp (NASDAQ:CATY) – Research analysts at DA Davidson decreased their FY2025 EPS estimates for shares of Cathay General Bancorp in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings per share of $4.38 for the year, down from their prior estimate of $4.40. The consensus estimate for Cathay General Bancorp’s current full-year earnings is $4.47 per share.

A number of other research analysts also recently commented on CATY. Stephens lowered their price objective on Cathay General Bancorp from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods reduced their price target on shares of 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 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.80.

Cathay General Bancorp Stock Down 1.3 %

Shares of Cathay General Bancorp stock opened at $38.10 on Friday. 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 twelve month low of $33.88 and a twelve 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 business’s 50 day simple moving average is $45.02 and its 200-day simple moving average is $46.67.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Cathay General Bancorp by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,230,722 shares of the bank’s stock worth $201,426,000 after purchasing an additional 12,684 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Cathay General Bancorp by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,861,501 shares of the bank’s stock worth $136,236,000 after buying an additional 102,724 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Cathay General Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,713,650 shares of the bank’s stock worth $73,615,000 after acquiring an additional 20,840 shares during the period. Invesco Ltd. boosted its holdings in shares of Cathay General Bancorp by 6.0% in the fourth quarter. Invesco Ltd. now owns 1,519,442 shares of the bank’s stock valued at $72,341,000 after acquiring an additional 85,963 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Cathay General Bancorp by 5.2% in the fourth quarter. American Century Companies Inc. now owns 1,471,066 shares of the bank’s stock valued at $70,037,000 after acquiring an additional 72,532 shares in the last quarter. 75.01% of the stock is owned by institutional investors and hedge funds.

Cathay General Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 27th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.36 dividend on an annualized basis and a yield of 3.57%. Cathay General Bancorp’s dividend payout ratio (DPR) is presently 34.34%.

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.