DA Davidson Has Bearish Estimate for CATY FY2026 Earnings

Cathay General Bancorp (NASDAQ:CATY - Free Report) - Equities researchers at DA Davidson lowered their FY2026 earnings per share estimates for Cathay General Bancorp in a research report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the bank will earn $4.90 per share for the year, down from their previous forecast of $4.93. The consensus estimate for Cathay General Bancorp's current full-year earnings is $4.47 per share.

A number of other equities research analysts have also recently weighed in on the company. Stephens dropped their price target on Cathay General Bancorp from $60.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Piper Sandler lowered their target price on Cathay General Bancorp from $45.00 to $43.00 and set an "underweight" rating for the company in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Cathay General Bancorp from $56.00 to $55.00 and set a "market perform" rating on the stock in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Cathay General Bancorp presently has an average rating of "Hold" and an average target price of $50.80.

Cathay General Bancorp Price Performance

Shares of NASDAQ:CATY traded up $0.11 during trading on Thursday, reaching $37.95. The stock had a trading volume of 262,693 shares, compared to its average volume of 344,214. The stock has a market capitalization of $2.67 billion, a PE ratio of 9.56 and a beta of 0.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.03 and a quick ratio of 1.03. Cathay General Bancorp has a 52 week low of $33.88 and a 52 week high of $55.29. The business's 50-day moving average price is $44.82 and its 200 day moving average price is $46.68.

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. Cathay General Bancorp had a net margin of 20.57% and a return on equity of 10.70%.

Cathay General Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Thursday, February 27th. Cathay General Bancorp's dividend payout ratio (DPR) is presently 34.34%.

Institutional Trading of Cathay General Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CATY. Norges Bank bought a new position in shares of Cathay General Bancorp in the 4th quarter valued at about $36,231,000. Assenagon Asset Management S.A. grew its holdings in Cathay General Bancorp by 821.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 381,764 shares of the bank's stock worth $18,176,000 after acquiring an additional 340,329 shares during the period. JPMorgan Chase & Co. raised its position in shares of Cathay General Bancorp by 112.6% during the 4th quarter. JPMorgan Chase & Co. now owns 331,862 shares of the bank's stock valued at $15,800,000 after acquiring an additional 175,737 shares during the last quarter. Denali Advisors LLC lifted its stake in shares of Cathay General Bancorp by 339.6% in the 4th 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 during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Cathay General Bancorp by 3.7% in the 4th 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 during the period. 75.01% of the stock is currently owned by institutional investors and hedge funds.

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.