FY2025 Earnings Forecast for CATY Issued By DA Davidson

Cathay General Bancorp (NASDAQ:CATY - Free Report) - Investment analysts at DA Davidson lowered their FY2025 earnings per share (EPS) estimates for shares of Cathay General Bancorp in a research report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the bank will earn $4.38 per share for the year, down from their previous forecast of $4.40. The consensus estimate for Cathay General Bancorp's current full-year earnings is $4.47 per share.

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

Cathay General Bancorp Stock Performance

Shares of NASDAQ CATY traded up $2.48 during mid-day trading on Friday, hitting $40.14. The stock had a trading volume of 283,665 shares, compared to its average volume of 345,668. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50 day moving average of $44.44 and a two-hundred day moving average of $46.57. The firm has a market cap of $2.82 billion, a PE ratio of 10.24 and a beta of 0.99. Cathay General Bancorp has a twelve month low of $33.88 and a twelve month high of $55.29.

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

Institutional Investors Weigh In On Cathay General Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of Cathay General Bancorp by 332.3% during the third quarter. FMR LLC now owns 25,313 shares of the bank's stock valued at $1,087,000 after acquiring an additional 19,458 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Cathay General Bancorp by 28.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,627 shares of the bank's stock worth $1,315,000 after buying an additional 6,838 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Cathay General Bancorp by 1.7% during the 3rd quarter. Captrust Financial Advisors now owns 23,264 shares of the bank's stock worth $999,000 after acquiring an additional 399 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Cathay General Bancorp in the 3rd quarter valued at about $330,000. Finally, Jane Street Group LLC raised its position in shares of Cathay General Bancorp by 37.2% during the 3rd quarter. Jane Street Group LLC now owns 90,419 shares of the bank's stock worth $3,883,000 after acquiring an additional 24,529 shares in the last quarter. Hedge funds and other institutional investors own 75.01% of the company's stock.

Cathay General Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 27th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.39%. 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.