What is DA Davidson's Forecast for CATY Q3 Earnings?

Cathay General Bancorp (NASDAQ:CATY - Free Report) - Investment analysts at DA Davidson issued their Q3 2025 earnings per share estimates for shares of Cathay General Bancorp in a research report issued to clients and investors 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 earnings results on Tuesday, July 22nd. The bank reported $1.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.10. The business had revenue of $196.61 million for the quarter, compared to analysts' expectations of $197.04 million. Cathay General Bancorp had a return on equity of 10.39% and a net margin of 21.44%. The company's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS.

Several other brokerages have also recently commented on CATY. Stephens reaffirmed an "overweight" rating and issued a $51.00 target price on shares of Cathay General Bancorp in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods raised their target price on Cathay General Bancorp from $51.00 to $52.00 and gave the stock a "market perform" rating in a research report on Wednesday. Finally, Jefferies Financial Group set a $53.00 target price on Cathay General Bancorp and gave the stock a "buy" rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Cathay General Bancorp presently has an average rating of "Hold" and an average target price of $49.86.

Cathay General Bancorp Stock Down 0.7%

Shares of Cathay General Bancorp stock traded down $0.34 during midday trading on Thursday, hitting $46.62. The company's stock had a trading volume of 395,963 shares, compared to its average volume of 445,371. The firm has a market capitalization of $3.27 billion, a P/E ratio of 11.26 and a beta of 0.93. The stock has a 50-day simple moving average of $45.37 and a 200-day simple moving average of $44.50. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.19. Cathay General Bancorp has a 1-year low of $36.06 and a 1-year high of $55.29.

Cathay General Bancorp Dividend Announcement

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

Cathay General Bancorp declared that its board has approved a share repurchase program on Wednesday, June 4th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the bank to purchase up to 5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insider Transactions at Cathay General Bancorp

In other Cathay General Bancorp news, EVP Thomas M. Lo sold 729 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $45.00, for a total value of $32,805.00. Following the completion of the sale, the executive vice president owned 4,000 shares of the company's stock, valued at $180,000. The trade was a 15.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.85% of the company's stock.

Institutional Trading of Cathay General Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. lifted its position in shares of Cathay General Bancorp by 63.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 850 shares of the bank's stock worth $40,000 after buying an additional 330 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Cathay General Bancorp in the first quarter worth about $46,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Cathay General Bancorp by 174.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,201 shares of the bank's stock worth $52,000 after purchasing an additional 764 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. Finally, Smartleaf Asset Management LLC increased its stake in shares of Cathay General Bancorp by 36.8% in the first quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the bank's stock worth $105,000 after purchasing an additional 660 shares during the period. Institutional investors and hedge funds own 75.01% of the company's stock.

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.