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

Cathay General Bancorp (NASDAQ:CATY) – Equities research analysts at DA Davidson upped their FY2025 EPS estimates for shares of Cathay General Bancorp in a research report issued on Thursday, January 23rd. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $4.93 per share for the year, up from their prior estimate of $4.33. The consensus estimate for Cathay General Bancorp’s current full-year earnings is $4.16 per share.

A number of other equities analysts have also recently commented on CATY. Wedbush lifted their price target on shares of Cathay General Bancorp from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Stephens lowered their price target on shares of Cathay General Bancorp from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Piper Sandler lowered their price target on shares of Cathay General Bancorp from $45.00 to $43.00 and set an “underweight” rating for the company in a research report on Monday. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to 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

Cathay General Bancorp stock opened at $47.76 on Monday. Cathay General Bancorp has a twelve month low of $33.88 and a twelve month 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. The company’s 50-day moving average price is $49.24 and its 200-day moving average price is $45.86. The company has a market cap of $3.40 billion, a PE ratio of 12.06 and a beta of 1.13.

Cathay General Bancorp (NASDAQ:CATY) last posted its earnings results on Wednesday, January 22nd. The bank reported $1.12 earnings per share 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 10.75%.

Cathay General Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Wednesday, November 27th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Wednesday, November 27th. Cathay General Bancorp’s dividend payout ratio (DPR) is currently 34.34%.

Insider Activity

In other news, 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 directly owns 3,359 shares in the company, valued at $157,873. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Peter Wu sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 295,252 shares of the company’s stock, valued at approximately $15,609,973.24. The trade was a 11.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,189 shares of company stock valued at $2,500,047 in the last ninety days. Insiders own 4.76% of the company’s stock.

Institutional Investors Weigh In On Cathay General Bancorp

Institutional investors have recently made changes to their positions in the stock. Quarry LP increased its position in shares of Cathay General Bancorp by 76.3% during the second quarter. Quarry LP now owns 765 shares of the bank’s stock valued at $29,000 after acquiring an additional 331 shares during the last quarter. CWM LLC boosted its stake in shares of Cathay General Bancorp by 19.9% in the third quarter. CWM LLC now owns 1,517 shares of the bank’s stock valued at $65,000 after purchasing an additional 252 shares during the period. GAMMA Investing LLC boosted its stake 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 valued at $66,000 after purchasing an additional 305 shares during the period. KBC Group NV boosted its stake 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 purchasing an additional 1,517 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in shares of Cathay General Bancorp in the third quarter valued at approximately $201,000. 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.