Cathay General Bancorp (CATY) to Release Earnings on Tuesday

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) is projected to post its Q2 2025 quarterly earnings results after the market closes on Tuesday, July 22nd. Analysts expect Cathay General Bancorp to post earnings of $1.09 per share and revenue of $197.04 million for the quarter.

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.03. Cathay General Bancorp had a net margin of 20.55% and a return on equity of 10.23%. The company had revenue of $187.84 million for the quarter, compared to analysts' expectations of $186.17 million. During the same quarter in the previous year, the company posted $1.05 EPS. On average, analysts expect Cathay General Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Cathay General Bancorp Price Performance

Shares of Cathay General Bancorp stock traded up $0.67 during trading hours on Thursday, reaching $48.73. 509,501 shares of the company's stock were exchanged, compared to its average volume of 377,052. The business has a fifty day moving average of $44.87 and a two-hundred day moving average of $44.48. The company has a market capitalization of $3.42 billion, a P/E ratio of 12.31 and a beta of 0.93. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08. Cathay General Bancorp has a 1 year low of $36.06 and a 1 year high of $55.29.

Cathay General Bancorp announced that its board has approved a stock repurchase plan on Wednesday, June 4th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the bank to reacquire up to 5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Cathay General Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Thursday, May 29th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Thursday, May 29th. Cathay General Bancorp's dividend payout ratio (DPR) is 34.34%.

Insider Buying and Selling

In other news, EVP Thomas M. Lo sold 729 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $45.00, for a total value of $32,805.00. Following the transaction, the executive vice president owned 4,000 shares of the company's stock, valued at $180,000. This represents a 15.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.85% of the company's stock.

Institutional Trading of Cathay General Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of CATY. Strs Ohio acquired a new stake in shares of Cathay General Bancorp during the first quarter valued at about $112,000. Caxton Associates LLP purchased a new stake in Cathay General Bancorp in the first quarter valued at approximately $316,000. Royal Bank of Canada lifted its stake in Cathay General Bancorp by 25.8% during the first quarter. Royal Bank of Canada now owns 14,761 shares of the bank's stock worth $634,000 after purchasing an additional 3,030 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Cathay General Bancorp by 20.0% during the first quarter. AQR Capital Management LLC now owns 40,456 shares of the bank's stock worth $1,708,000 after buying an additional 6,740 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cathay General Bancorp by 1.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,395 shares of the bank's stock worth $1,738,000 after buying an additional 760 shares during the period. 75.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CATY has been the topic of a number of analyst reports. Stephens reiterated an "overweight" rating and set a $51.00 price objective on shares of Cathay General Bancorp in a research report on Tuesday, April 22nd. Jefferies Financial Group set a $53.00 price target on Cathay General Bancorp and gave the stock a "buy" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $50.17.

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.