DA Davidson Has Optimistic Outlook of CATY FY2026 Earnings

Cathay General Bancorp (NASDAQ:CATY - Free Report) - Analysts at DA Davidson upped their FY2026 EPS estimates for Cathay General Bancorp in a report issued on Monday, September 29th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $5.18 for the year, up from their prior estimate of $5.07. DA Davidson currently has a "Neutral" rating and a $51.00 target price on the stock. The consensus estimate for Cathay General Bancorp's current full-year earnings is $4.47 per share.

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The bank reported $1.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.10. Cathay General Bancorp had a net margin of 21.44% and a return on equity of 10.39%. The firm had revenue of $196.61 million for the quarter, compared to the consensus estimate of $197.04 million. During the same period last year, the firm earned $0.97 earnings per share. The company's quarterly revenue was up 10.1% on a year-over-year basis.

A number of other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Cathay General Bancorp from $51.00 to $52.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Stephens downgraded shares of Cathay General Bancorp from an "overweight" rating to an "equal weight" rating and set a $50.00 price objective on the stock. in a research note on Monday, August 4th. Finally, Wall Street Zen downgraded shares of Cathay General Bancorp from a "hold" rating to a "sell" rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Cathay General Bancorp presently has a consensus rating of "Hold" and an average price target of $50.17.

Cathay General Bancorp Price Performance

NASDAQ CATY opened at $47.94 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.05 and a current ratio of 1.05. The firm's 50 day moving average price is $48.11 and its 200-day moving average price is $45.04. Cathay General Bancorp has a 52-week low of $36.06 and a 52-week high of $55.29. The company has a market cap of $3.31 billion, a PE ratio of 11.58 and a beta of 1.00.

Cathay General Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Thursday, August 28th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, August 28th. Cathay General Bancorp's dividend payout ratio (DPR) is 32.85%.

Cathay General Bancorp declared that its board has initiated a share buyback program on Wednesday, June 4th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the bank to buy up to 5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On Cathay General Bancorp

Several institutional investors have recently bought and sold shares of CATY. Mackenzie Financial Corp acquired a new stake in Cathay General Bancorp in the fourth quarter valued at approximately $212,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Cathay General Bancorp in the fourth quarter worth $4,587,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Cathay General Bancorp by 5.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,293 shares of the bank's stock worth $490,000 after buying an additional 544 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Cathay General Bancorp by 3,878.5% in the first quarter. GAMMA Investing LLC now owns 87,050 shares of the bank's stock worth $3,746,000 after buying an additional 84,862 shares during the last quarter. Finally, Vest Financial LLC purchased a new position in shares of Cathay General Bancorp in the first quarter worth $1,667,000. 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.

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