FY2025 EPS Estimates for Cathay General Bancorp (NASDAQ:CATY) Decreased by Analyst

Cathay General Bancorp (NASDAQ:CATY - Free Report) - Analysts at DA Davidson decreased their FY2025 earnings estimates for shares of Cathay General Bancorp in a research note issued on Wednesday, April 17th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $4.46 for the year, down from their prior forecast of $4.49. The consensus estimate for Cathay General Bancorp's current full-year earnings is $4.00 per share.

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.15. The business had revenue of $205.24 million during the quarter, compared to the consensus estimate of $197.95 million. Cathay General Bancorp had a net margin of 27.02% and a return on equity of 13.89%.

Several other equities analysts also recently weighed in on CATY. Truist Financial dropped their target price on shares of Cathay General Bancorp from $46.00 to $40.00 and set a "hold" rating for the company in a report on Monday, April 1st. StockNews.com downgraded shares of Cathay General Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, April 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $38.20.

Cathay General Bancorp Stock Performance

Shares of CATY remained flat at $34.66 during trading hours on Thursday. 340,334 shares of the stock were exchanged, compared to its average volume of 354,066. The firm has a 50-day moving average of $38.23 and a 200 day moving average of $38.76. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $2.52 billion, a P/E ratio of 7.13 and a beta of 1.12. Cathay General Bancorp has a 1-year low of $27.24 and a 1-year high of $45.72.

Cathay General Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.92%. Cathay General Bancorp's dividend payout ratio (DPR) is presently 27.98%.

Insider Transactions at Cathay General Bancorp

In other news, Vice Chairman Anthony M. Tang sold 7,000 shares of Cathay General Bancorp stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $43.45, for a total transaction of $304,150.00. Following the completion of the sale, the insider now directly owns 204,500 shares in the company, valued at $8,885,525. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On Cathay General Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Cathay General Bancorp by 3.1% in the second quarter. BlackRock Inc. now owns 9,016,193 shares of the bank's stock worth $290,231,000 after acquiring an additional 267,075 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Cathay General Bancorp by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 8,254,816 shares of the bank's stock worth $367,917,000 after acquiring an additional 196,146 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cathay General Bancorp by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,850,356 shares of the bank's stock worth $171,613,000 after acquiring an additional 150,331 shares during the last quarter. State Street Corp boosted its position in shares of Cathay General Bancorp by 9.4% in the first quarter. State Street Corp now owns 3,708,830 shares of the bank's stock worth $165,970,000 after acquiring an additional 317,721 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Cathay General Bancorp by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,053,405 shares of the bank's stock worth $91,520,000 after acquiring an additional 25,421 shares during the last quarter. 75.01% of the stock is currently owned by hedge funds and other institutional investors.

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.