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

Cathay General Bancorp (NASDAQ:CATY) – Stock analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Cathay General Bancorp in a report released on Thursday, October 23rd. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $4.49 per share for the year, down from their prior forecast of $4.56. DA Davidson currently has a “Neutral” rating and a $52.00 target price on the stock. 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 $5.20 EPS.

Cathay General Bancorp (NASDAQ:CATY) last released its quarterly earnings results on Tuesday, October 21st. The bank reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.02). The company had revenue of $210.61 million during the quarter, compared to analyst estimates of $202.71 million. Cathay General Bancorp had a return on equity of 10.60% and a net margin of 22.26%.During the same period last year, the firm earned $0.94 earnings per share.

Several other research firms have also commented on CATY. Stephens lowered Cathay General Bancorp from an “overweight” rating to an “equal weight” rating and set a $50.00 target price for the company. in a research note on Monday, August 4th. Keefe, Bruyette & Woods upped their target price on Cathay General Bancorp from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Cathay General Bancorp in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Cathay General Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.60.

Cathay General Bancorp Stock Performance

Cathay General Bancorp stock opened at $46.14 on Friday. The firm has a market capitalization of $3.19 billion, a P/E ratio of 10.66 and a beta of 0.94. The stock has a fifty day moving average price of $48.55 and a 200 day moving average price of $45.65. Cathay General Bancorp has a 52 week low of $36.06 and a 52 week high of $55.29. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On Cathay General Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position in shares of Cathay General Bancorp by 2.6% in the first quarter. Principal Financial Group Inc. now owns 354,457 shares of the bank’s stock worth $15,252,000 after buying an additional 8,860 shares during the period. Nordea Investment Management AB boosted its position in shares of Cathay General Bancorp by 14.8% in the second quarter. Nordea Investment Management AB now owns 174,987 shares of the bank’s stock worth $8,004,000 after buying an additional 22,558 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cathay General Bancorp by 11.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,021 shares of the bank’s stock worth $2,473,000 after buying an additional 5,785 shares during the period. Voya Investment Management LLC boosted its position in shares of Cathay General Bancorp by 259.0% in the first quarter. Voya Investment Management LLC now owns 76,057 shares of the bank’s stock worth $3,273,000 after buying an additional 54,870 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Cathay General Bancorp in the second quarter worth about $1,714,000. Hedge funds and other institutional investors own 75.01% of the company’s stock.

Cathay General Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, August 28th. This represents a $1.36 annualized dividend and a yield of 2.9%. Cathay General Bancorp’s dividend payout ratio is currently 32.85%.

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.