What is DA Davidson’s Estimate for CATY FY2025 Earnings?

Cathay General Bancorp (NASDAQ:CATY) – Equities research analysts at DA Davidson dropped their FY2025 EPS estimates for shares of Cathay General Bancorp in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $4.33 per share for the year, down from their previous estimate of $4.35. The consensus estimate for Cathay General Bancorp’s current full-year earnings is $3.99 per share.

Cathay General Bancorp (NASDAQ:CATY) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Cathay General Bancorp had a net margin of 20.57% and a return on equity of 11.30%. The firm had revenue of $359.86 million for the quarter, compared to analyst estimates of $182.70 million. During the same quarter in the prior year, the firm earned $1.13 earnings per share.

CATY has been the subject of several other research reports. Wedbush boosted their target price on Cathay General Bancorp from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Truist Financial upped their price objective on shares of Cathay General Bancorp from $45.00 to $47.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Stephens upgraded shares of Cathay General Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cathay General Bancorp from $45.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $47.75.

Cathay General Bancorp Price Performance

Cathay General Bancorp stock opened at $48.13 on Monday. 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 has a 52 week low of $33.88 and a 52 week high of $55.29. The stock has a market capitalization of $3.43 billion, a P/E ratio of 12.12 and a beta of 1.12. The stock has a fifty day moving average of $49.48 and a 200-day moving average of $44.00.

Institutional Trading of Cathay General Bancorp

A number of institutional investors have recently bought and sold shares of the company. Quarry LP raised its position in shares of Cathay General Bancorp by 76.3% in the 2nd quarter. Quarry LP now owns 765 shares of the bank’s stock worth $29,000 after acquiring an additional 331 shares in the last quarter. Quest Partners LLC acquired a new stake in Cathay General Bancorp during the second quarter worth approximately $40,000. CWM LLC increased its holdings in Cathay General Bancorp by 19.9% in the third quarter. CWM LLC now owns 1,517 shares of the bank’s stock worth $65,000 after purchasing an additional 252 shares in the last quarter. GAMMA Investing LLC lifted its stake in Cathay General Bancorp by 24.9% in the third quarter. GAMMA Investing LLC now owns 1,531 shares of the bank’s stock valued at $66,000 after buying an additional 305 shares during the period. Finally, CIBC Asset Management Inc bought a new position in shares of Cathay General Bancorp during the 3rd quarter worth approximately $201,000. Institutional investors own 75.01% of the company’s stock.

Insider Transactions at Cathay General Bancorp

In other news, EVP Thomas M. Lo sold 900 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $47.00, for a total transaction of $42,300.00. Following the completion of the transaction, the executive vice president now directly owns 3,359 shares in the company, valued at $157,873. This trade represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Peter Wu sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.87, for a total value of $2,114,800.00. Following the completion of the sale, the insider now owns 295,252 shares in the company, valued at $15,609,973.24. The trade was a 11.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,189 shares of company stock worth $2,500,047. Company insiders own 4.76% of the company’s stock.

Cathay General Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Wednesday, November 27th. Cathay General Bancorp’s payout ratio is currently 34.26%.

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.