Analysts Offer Predictions for CATY Q2 Earnings

Cathay General Bancorp (NASDAQ:CATY - Free Report) - Research analysts at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for shares of Cathay General Bancorp in a report released on Thursday, May 1st. DA Davidson analyst G. Tenner forecasts that the bank will post earnings per share of $1.07 for the quarter. 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 announced its quarterly earnings data on Monday, April 21st. The bank reported $0.98 EPS for the quarter, beating the consensus estimate of $0.95 by $0.03. The firm had revenue of $187.84 million during the quarter, compared to analyst estimates of $186.17 million. Cathay General Bancorp had a net margin of 20.57% and a return on equity of 10.70%. During the same period last year, the firm posted $1.05 EPS.

A number of other analysts also recently issued reports on the stock. Piper Sandler lowered their price target on shares of Cathay General Bancorp from $45.00 to $43.00 and set an "underweight" rating on the stock in a report on Monday, January 27th. Stephens restated an "overweight" rating and set a $51.00 price target on shares of Cathay General Bancorp in a report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods lowered 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 report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $49.60.

Cathay General Bancorp Stock Performance

NASDAQ CATY traded down $0.22 on Friday, hitting $42.72. 226,181 shares of the company's stock traded hands, compared to its average volume of 352,537. The firm has a market capitalization of $2.99 billion, a PE ratio of 10.79 and a beta of 0.91. The firm's 50-day moving average price is $41.99 and its two-hundred day moving average price is $46.19. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07. Cathay General Bancorp has a 1-year low of $34.75 and a 1-year high of $55.29.

Hedge Funds Weigh In On Cathay General Bancorp

Several large investors have recently bought and sold shares of CATY. Denali Advisors LLC raised its position in Cathay General Bancorp by 2.7% in the 1st quarter. Denali Advisors LLC now owns 147,618 shares of the bank's stock valued at $6,352,000 after purchasing an additional 3,891 shares during the last quarter. Foundry Partners LLC boosted its position in Cathay General Bancorp by 1.4% during the first quarter. Foundry Partners LLC now owns 194,276 shares of the bank's stock worth $8,360,000 after purchasing an additional 2,625 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Cathay General Bancorp by 9.5% during the 1st quarter. Victory Capital Management Inc. now owns 61,475 shares of the bank's stock valued at $2,645,000 after acquiring an additional 5,343 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Cathay General Bancorp in the 1st quarter valued at approximately $2,048,000. Finally, MQS Management LLC acquired a new stake in shares of Cathay General Bancorp during the first quarter valued at $331,000. Institutional investors and hedge funds own 75.01% of the company's stock.

Cathay General Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 27th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.18%. The ex-dividend date was Thursday, February 27th. Cathay General Bancorp's payout ratio is 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.