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

Cathay General Bancorp (NASDAQ:CATY) – Equities researchers at DA Davidson upped their FY2025 earnings per share estimates for Cathay General Bancorp in a report released 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 previous estimate 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.

Several other equities research analysts have also recently commented on CATY. Keefe, Bruyette & Woods dropped their target price on Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating on the stock in a report on Thursday, January 23rd. Stephens reaffirmed an “overweight” rating and set a $51.00 target price on shares of Cathay General Bancorp in a research note on Tuesday, April 22nd. Finally, Piper Sandler dropped their price target on shares of Cathay General Bancorp from $45.00 to $43.00 and set an “underweight” rating on the stock in a research 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $49.60.

Cathay General Bancorp Stock Down 0.5 %

CATY stock opened at $42.72 on Monday. The firm’s 50-day moving average is $41.92 and its two-hundred day moving average is $46.17. 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 company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 10.79 and a beta of 0.91. Cathay General Bancorp has a 52 week low of $34.75 and a 52 week high of $55.29.

Cathay General Bancorp (NASDAQ:CATY) last issued its quarterly earnings results on Monday, April 21st. The bank reported $0.98 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the company earned $1.05 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CATY. Norges Bank purchased a new stake in Cathay General Bancorp in the 4th quarter worth about $36,231,000. Assenagon Asset Management S.A. increased 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 purchasing an additional 340,329 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Cathay General Bancorp by 112.6% in the fourth quarter. JPMorgan Chase & Co. now owns 331,862 shares of the bank’s stock worth $15,800,000 after purchasing an additional 175,737 shares in the last quarter. Denali Advisors LLC grew its position in Cathay General Bancorp by 339.6% during the fourth quarter. Denali Advisors LLC now owns 143,727 shares of the bank’s stock valued at $6,843,000 after purchasing an additional 111,034 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Cathay General Bancorp by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,861,501 shares of the bank’s stock valued at $136,236,000 after purchasing an additional 102,724 shares in the last quarter. 75.01% of the stock is owned by hedge funds and other institutional investors.

Cathay General Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Thursday, February 27th. Cathay General Bancorp’s dividend payout ratio 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.