What is DA Davidson's Forecast for CATY FY2025 Earnings?

Key Points

• DA Davidson has revised its FY2025 earnings per share (EPS) estimate for Cathay General Bancorp (CATY) down to $4.49, slightly below the consensus estimate of $4.47.
• The bank's most recent quarterly earnings report showed an EPS of $1.13, missing the consensus estimate of $1.15, despite revenue exceeding expectations at $210.61 million.
• Cathay General Bancorp has a current market capitalization of $3.19 billion, a P/E ratio of 10.66, and a dividend yield of 2.9%, reflecting its financial stability.

Cathay General Bancorp (NASDAQ:CATY - Free Report) - Equities research analysts at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for shares of Cathay General Bancorp in a research note issued on Thursday, October 23rd. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings per share of $4.49 for the year, down from their previous estimate of $4.56. DA Davidson currently has a "Neutral" rating and a $52.00 price objective on the stock. 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 FY2026 earnings at $5.20 EPS.

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) last announced its earnings results on Tuesday, October 21st. The bank reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.02). Cathay General Bancorp had a net margin of 22.26% and a return on equity of 10.60%. The company had revenue of $210.61 million during the quarter, compared to analysts' expectations of $202.71 million. During the same quarter last year, the business posted $0.94 earnings per share.

Several other research analysts also recently weighed in on CATY. Stephens downgraded Cathay General Bancorp from an "overweight" rating to an "equal weight" rating and set a $50.00 target price on the stock. in a research note on Monday, August 4th. Wall Street Zen upgraded Cathay General Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, October 11th. Keefe, Bruyette & Woods lifted their price target on Cathay General Bancorp from $53.00 to $55.00 and gave the company a "market perform" rating in a research note on Wednesday. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Cathay General Bancorp in a research note on Wednesday, October 8th. 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $50.60.

Cathay General Bancorp Trading Down 0.1%

Shares of CATY stock opened at $46.14 on Friday. The business's 50 day moving average is $48.55 and its two-hundred day moving average is $45.65. Cathay General Bancorp has a twelve month low of $36.06 and a twelve month high of $55.29. The company has a market capitalization of $3.19 billion, a P/E ratio of 10.66 and a beta of 0.94. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11.

Cathay General Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Thursday, August 28th were paid a $0.34 dividend. The ex-dividend date was Thursday, August 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.9%. Cathay General Bancorp's payout ratio is 32.85%.

Institutional Trading of Cathay General Bancorp

A number of institutional investors have recently bought and sold shares of CATY. Illinois Municipal Retirement Fund boosted its position in Cathay General Bancorp by 1.5% during the first quarter. Illinois Municipal Retirement Fund now owns 39,431 shares of the bank's stock worth $1,697,000 after purchasing an additional 572 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Cathay General Bancorp by 11.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,021 shares of the bank's stock worth $2,473,000 after purchasing an additional 5,785 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Cathay General Bancorp during the first quarter worth $426,000. Principal Financial Group Inc. boosted its position in Cathay General Bancorp by 2.6% during the first quarter. Principal Financial Group Inc. now owns 354,457 shares of the bank's stock worth $15,252,000 after purchasing an additional 8,860 shares in the last quarter. Finally, Moody Aldrich Partners LLC purchased a new stake in Cathay General Bancorp during the first quarter worth $1,789,000. 75.01% of the stock is currently owned by hedge funds and other institutional investors.

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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