Equities Analysts Offer Predictions for CATY Q2 Earnings

Cathay General Bancorp (NASDAQ:CATY - Free Report) - DA Davidson upped their Q2 2025 earnings estimates for shares of Cathay General Bancorp in a research note issued on Friday, June 27th. DA Davidson analyst G. Tenner now anticipates that the bank will earn $1.15 per share for the quarter, up from their prior forecast of $1.07. The consensus estimate for Cathay General Bancorp's current full-year earnings is $4.47 per share. DA Davidson also issued estimates for Cathay General Bancorp's FY2025 earnings at $4.55 EPS and FY2026 earnings at $4.95 EPS.

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.03. Cathay General Bancorp had a return on equity of 10.23% and a net margin of 20.55%. The firm had revenue of $187.84 million for the quarter, compared to analysts' expectations of $186.17 million. During the same quarter last year, the firm earned $1.05 earnings per share.

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

Cathay General Bancorp Stock Up 0.1%

Shares of NASDAQ:CATY opened at $45.67 on Monday. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 11.53 and a beta of 0.92. The company has a 50 day moving average of $43.36 and a two-hundred day moving average of $44.49. Cathay General Bancorp has a 52-week low of $36.06 and a 52-week high of $55.29. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08.

Institutional Investors Weigh In On Cathay General Bancorp

A number of institutional investors have recently modified their holdings of CATY. Nomura Asset Management Co. Ltd. raised its position in shares of Cathay General Bancorp by 63.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 850 shares of the bank's stock worth $40,000 after purchasing an additional 330 shares during the period. Meeder Asset Management Inc. acquired a new stake in Cathay General Bancorp in the first quarter worth $46,000. Caitong International Asset Management Co. Ltd lifted its stake in Cathay General Bancorp by 174.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,201 shares of the bank's stock valued at $52,000 after buying an additional 764 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in shares of Cathay General Bancorp during the fourth quarter valued at $55,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Cathay General Bancorp by 189.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,794 shares of the bank's stock worth $86,000 after acquiring an additional 1,175 shares during the last quarter. Institutional investors own 75.01% of the company's stock.

Insider Buying and Selling at Cathay General Bancorp

In other Cathay General Bancorp news, EVP Thomas M. Lo sold 729 shares of Cathay General Bancorp stock in a transaction on Monday, May 12th. The shares were sold at an average price of $45.00, for a total value of $32,805.00. Following the completion of the transaction, the executive vice president now owns 4,000 shares of the company's stock, valued at $180,000. The trade was a 15.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 4.76% of the stock is currently owned by insiders.

Cathay General Bancorp announced that its Board of Directors has authorized a stock buyback plan on Wednesday, June 4th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the bank to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Cathay General Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Thursday, May 29th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, May 29th. Cathay General Bancorp's dividend payout ratio is currently 34.34%.

About Cathay General Bancorp

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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