Brokers Issue Forecasts for CATY Q1 Earnings

Cathay General Bancorp (NASDAQ:CATY - Free Report) - Analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Cathay General Bancorp in a research report issued on Thursday, January 23rd. DA Davidson analyst G. Tenner expects that the bank will post earnings of $0.96 per share for the quarter. The consensus estimate for Cathay General Bancorp's current full-year earnings is $4.16 per share.

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. Cathay General Bancorp had a return on equity of 10.75% and a net margin of 20.57%.

A number of other analysts have also commented on CATY. Stephens decreased their target price on Cathay General Bancorp from $60.00 to $57.00 and set an "overweight" rating for the company in a research report on Thursday. Keefe, Bruyette & Woods lowered their target price on Cathay General Bancorp from $56.00 to $55.00 and set a "market perform" rating on the stock in a research report on Thursday. Finally, Wedbush lifted their price target on shares of Cathay General Bancorp from $50.00 to $52.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $49.40.

Cathay General Bancorp Trading Down 0.2 %

Shares of CATY traded down $0.08 during trading hours on Friday, hitting $46.81. 374,971 shares of the stock were exchanged, compared to its average volume of 355,965. Cathay General Bancorp has a fifty-two week low of $33.88 and a fifty-two week high of $55.29. The business has a 50-day moving average of $49.32 and a 200-day moving average of $45.68. The firm has a market capitalization of $3.33 billion, a P/E ratio of 11.82 and a beta of 1.13. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Wednesday, November 27th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.36 dividend on an annualized basis and a yield of 2.91%. Cathay General Bancorp's dividend payout ratio (DPR) is currently 34.34%.

Insider Buying and Selling at Cathay General Bancorp

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

Hedge Funds Weigh In On Cathay General Bancorp

Large investors have recently made changes to their positions in the stock. Quarry LP raised its stake in shares of Cathay General Bancorp by 76.3% during the 2nd quarter. Quarry LP now owns 765 shares of the bank's stock valued at $29,000 after purchasing an additional 331 shares during the period. CWM LLC increased its position 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 valued at $65,000 after buying an additional 252 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Cathay General Bancorp by 24.9% in the third quarter. GAMMA Investing LLC now owns 1,531 shares of the bank's stock worth $66,000 after buying an additional 305 shares in the last quarter. KBC Group NV boosted its position in shares of Cathay General Bancorp by 68.5% in the fourth quarter. KBC Group NV now owns 3,730 shares of the bank's stock valued at $178,000 after acquiring an additional 1,517 shares during the period. Finally, CIBC Asset Management Inc bought a new position in shares of Cathay General Bancorp in the third quarter valued at approximately $201,000. 75.01% of the stock is owned by institutional investors.

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.