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

Cathay General Bancorp (NASDAQ:CATY - Free Report) - Equities researchers at DA Davidson decreased their FY2025 EPS estimates for Cathay General Bancorp in a report released on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $4.33 per share for the year, down from their prior estimate of $4.35. The consensus estimate for Cathay General Bancorp's current full-year earnings is $3.99 per share.

Other equities research analysts have also recently issued reports about the company. Truist Financial upped their target price on Cathay General Bancorp from $45.00 to $47.00 and gave the stock a "hold" rating in a report on Friday, September 20th. Wedbush increased their target price on shares of Cathay General Bancorp from $50.00 to $52.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Stephens upgraded shares of Cathay General Bancorp from an "equal weight" rating to an "overweight" rating in a 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 research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Cathay General Bancorp currently has a consensus rating of "Hold" and an average target price of $47.75.

Cathay General Bancorp Trading Up 0.2 %

NASDAQ:CATY traded up $0.08 during midday trading on Monday, hitting $47.57. The stock had a trading volume of 302,456 shares, compared to its average volume of 332,053. The stock has a 50-day moving average of $49.37 and a 200 day moving average of $43.84. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 11.98 and a beta of 1.12. Cathay General Bancorp has a one year low of $33.88 and a one year high of $55.29. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.07.

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $0.94 earnings per share (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 company had revenue of $359.86 million during the quarter, compared to analysts' expectations of $182.70 million. During the same period last year, the firm earned $1.13 earnings per share.

Institutional Investors Weigh In On Cathay General Bancorp

A number of large investors have recently modified their holdings of the business. Quarry LP boosted its stake in 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 purchasing an additional 331 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Cathay General Bancorp in the second quarter worth $40,000. CWM LLC lifted its stake in shares of Cathay General Bancorp by 19.9% during the third quarter. CWM LLC now owns 1,517 shares of the bank's stock worth $65,000 after buying an additional 252 shares during the period. GAMMA Investing LLC grew its holdings in shares of Cathay General Bancorp by 24.9% during 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 last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Cathay General Bancorp in the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 75.01% of the company's stock.

Insider Activity

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

Cathay General Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Wednesday, November 27th. Cathay General Bancorp's payout ratio is 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.