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

Cathay General Bancorp (NASDAQ:CATY) – Analysts at DA Davidson upped their FY2025 earnings estimates for shares of Cathay General Bancorp in a note issued to investors on Thursday, May 1st. DA Davidson analyst G. Tenner now expects that the bank will earn $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.

A number of other equities research analysts also recently weighed in on the company. Stephens restated an “overweight” rating and issued a $51.00 target price on shares of Cathay General Bancorp in a research report on Tuesday, April 22nd. 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. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Cathay General Bancorp has a consensus rating of “Hold” and a consensus target price of $49.60.

Cathay General Bancorp Stock Down 0.9 %

CATY stock opened at $42.34 on Monday. The firm’s 50-day moving average is $41.84 and its two-hundred day moving average is $46.14. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 10.69 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. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07.

Cathay General Bancorp (NASDAQ:CATY) last announced its quarterly earnings results 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 return on equity of 10.70% and a net margin of 20.57%. The company had revenue of $187.84 million during the quarter, compared to analyst estimates of $186.17 million. During the same quarter in the previous year, the firm posted $1.05 EPS.

Cathay General Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 27th were issued 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 dividend yield of 3.21%. Cathay General Bancorp’s dividend payout ratio is currently 34.34%.

Hedge Funds Weigh In On Cathay General Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in CATY. Captrust Financial Advisors raised its position in Cathay General Bancorp by 1.0% during the fourth quarter. Captrust Financial Advisors now owns 23,486 shares of the bank’s stock valued at $1,118,000 after buying an additional 222 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Cathay General Bancorp by 0.8% during the fourth quarter. Cetera Investment Advisers now owns 31,770 shares of the bank’s stock worth $1,513,000 after purchasing an additional 255 shares during the period. SummerHaven Investment Management LLC grew its position in Cathay General Bancorp by 1.5% during the first quarter. SummerHaven Investment Management LLC now owns 20,747 shares of the bank’s stock valued at $893,000 after purchasing an additional 303 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Cathay General Bancorp by 63.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 850 shares of the bank’s stock valued at $40,000 after buying an additional 330 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Cathay General Bancorp by 4.1% during the 4th quarter. Bank of Montreal Can now owns 9,961 shares of the bank’s stock valued at $474,000 after buying an additional 394 shares during the period. 75.01% of the stock is currently 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.