Equities Analysts Issue Forecasts for CATY Q3 Earnings

Cathay General Bancorp (NASDAQ:CATY - Free Report) - DA Davidson issued their Q3 2025 earnings per share estimates for Cathay General Bancorp in a report released on Wednesday, July 23rd. DA Davidson analyst G. Tenner expects that the bank will post earnings of $1.20 per share for the quarter. DA Davidson currently has a "Neutral" rating and a $51.00 price target 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 FY2025 earnings at $4.57 EPS and FY2026 earnings at $5.07 EPS.

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The bank reported $1.10 EPS for the quarter, hitting the consensus estimate of $1.10. Cathay General Bancorp had a return on equity of 10.39% and a net margin of 21.44%. The firm had revenue of $196.61 million during the quarter, compared to analysts' expectations of $197.04 million. During the same period in the previous year, the business earned $0.97 earnings per share. The firm's revenue for the quarter was up 10.1% on a year-over-year basis.

CATY has been the subject of several other reports. Jefferies Financial Group set a $53.00 price target on Cathay General Bancorp and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Stephens restated an "overweight" rating and issued a $51.00 target price on shares of Cathay General Bancorp in a report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods upped their target price on Cathay General Bancorp from $51.00 to $52.00 and gave the company a "market perform" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $49.86.

Cathay General Bancorp Price Performance

Shares of CATY traded down $0.34 during trading hours on Thursday, hitting $46.62. 395,963 shares of the stock were exchanged, compared to its average volume of 445,371. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.04 and a current ratio of 1.05. Cathay General Bancorp has a 12-month low of $36.06 and a 12-month high of $55.29. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 11.26 and a beta of 0.93. The stock's 50-day moving average price is $45.37 and its two-hundred day moving average price is $44.48.

Cathay General Bancorp declared that its Board of Directors has approved a share repurchase plan on Wednesday, June 4th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the bank to repurchase up to 5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Cathay General Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Thursday, May 29th. Cathay General Bancorp's dividend payout ratio is presently 32.85%.

Insider Buying and Selling at Cathay General Bancorp

In other news, EVP Thomas M. Lo sold 729 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $45.00, for a total transaction of $32,805.00. Following the completion of the transaction, the executive vice president directly owned 4,000 shares in the company, valued at approximately $180,000. This represents a 15.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.85% of the company's stock.

Hedge Funds Weigh In On Cathay General Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its holdings in 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 acquiring an additional 330 shares during the period. Meeder Asset Management Inc. purchased a new position in Cathay General Bancorp during the 1st quarter valued at about $46,000. Physician Wealth Advisors Inc. purchased a new position in Cathay General Bancorp during the 4th quarter valued at about $55,000. Caitong International Asset Management Co. Ltd boosted its holdings in Cathay General Bancorp by 174.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,201 shares of the bank's stock valued at $52,000 after acquiring an additional 764 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Cathay General Bancorp by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,423 shares of the bank's stock valued at $110,000 after acquiring an additional 400 shares during the period. 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.