Q2 Earnings Estimate for CATY Issued By DA Davidson

Cathay General Bancorp (NASDAQ:CATY - Free Report) - DA Davidson issued their Q2 2025 earnings per share estimates for Cathay General Bancorp in a report issued on Thursday, May 1st. DA Davidson analyst G. Tenner anticipates that the bank will earn $1.07 per share 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 released its quarterly earnings data on Monday, April 21st. The bank reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.03. The company 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 business earned $1.05 earnings per share.

CATY has been the subject of a number of other research reports. Keefe, Bruyette & Woods cut their price target on shares of Cathay General Bancorp from $56.00 to $55.00 and set a "market perform" rating for the company in a research note on Thursday, January 23rd. Stephens reaffirmed an "overweight" rating and issued a $51.00 target price on shares of Cathay General Bancorp in a research note on Tuesday, April 22nd. Finally, Piper Sandler decreased their target price on Cathay General Bancorp from $45.00 to $43.00 and set an "underweight" rating for the company in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $49.60.

Cathay General Bancorp Price Performance

NASDAQ CATY traded down $0.05 during trading on Friday, reaching $42.18. The company's stock had a trading volume of 107,510 shares, compared to its average volume of 351,689. The firm has a fifty day moving average of $41.84 and a 200 day moving average of $46.14. The stock has a market capitalization of $2.95 billion, a PE ratio of 10.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.03 and a quick ratio of 1.03. Cathay General Bancorp has a one year low of $34.75 and a one year high of $55.29.

Hedge Funds Weigh In On Cathay General Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. grew its stake 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 valued at $40,000 after purchasing an additional 330 shares during the period. Physician Wealth Advisors Inc. bought a new position in shares of Cathay General Bancorp in the fourth quarter worth about $55,000. Venturi Wealth Management LLC bought a new stake in shares of Cathay General Bancorp during the fourth quarter valued at approximately $82,000. Smartleaf Asset Management LLC increased its holdings in Cathay General Bancorp by 189.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,794 shares of the bank's stock valued at $86,000 after acquiring an additional 1,175 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Cathay General Bancorp by 42.9% in the fourth quarter. GAMMA Investing LLC now owns 2,188 shares of the bank's stock worth $104,000 after buying an additional 657 shares in the last quarter. Institutional investors own 75.01% of the company's stock.

Cathay General Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.36 annualized dividend and a yield of 3.22%. Cathay General Bancorp's dividend payout ratio is 34.34%.

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.