Q1 Earnings Forecast for CATY Issued By DA Davidson

Cathay General Bancorp (NASDAQ:CATY) – Equities researchers at DA Davidson issued their Q1 2025 earnings estimates for shares of Cathay General Bancorp in a research report issued on Thursday, January 23rd. DA Davidson analyst G. Tenner forecasts that the bank will post earnings of $0.96 per share for the quarter. The consensus estimate for Cathay General Bancorp’s current full-year earnings is $4.03 per share.

Other research analysts have also issued research reports about the stock. Stephens cut their target price on shares of Cathay General Bancorp from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods cut their target price 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. Finally, Wedbush boosted their target price on shares of Cathay General Bancorp from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $49.40.

Cathay General Bancorp Stock Down 3.9 %

CATY stock opened at $46.89 on Friday. 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 $33.88 and a 1 year high of $55.29. The company has a fifty day simple moving average of $49.42 and a 200 day simple moving average of $45.61. The firm has a market cap of $3.34 billion, a PE ratio of 11.81 and a beta of 1.13.

Cathay General Bancorp (NASDAQ:CATY) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. Cathay General Bancorp had a net margin of 20.57% and a return on equity of 11.30%.

Hedge Funds Weigh In On Cathay General Bancorp

Several large investors have recently bought and sold shares of CATY. Sei Investments Co. increased its stake in Cathay General Bancorp by 32.7% in the second quarter. Sei Investments Co. now owns 10,222 shares of the bank’s stock valued at $386,000 after purchasing an additional 2,520 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Cathay General Bancorp by 63.8% in the second quarter. Thrivent Financial for Lutherans now owns 111,183 shares of the bank’s stock valued at $4,194,000 after purchasing an additional 43,285 shares in the last quarter. Profund Advisors LLC increased its stake in Cathay General Bancorp by 27.0% in the second quarter. Profund Advisors LLC now owns 6,846 shares of the bank’s stock valued at $258,000 after purchasing an additional 1,457 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Cathay General Bancorp by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 160,241 shares of the bank’s stock valued at $6,044,000 after purchasing an additional 11,324 shares in the last quarter. Finally, Caxton Associates LP increased its stake in Cathay General Bancorp by 128.8% in the second quarter. Caxton Associates LP now owns 18,892 shares of the bank’s stock valued at $713,000 after purchasing an additional 10,634 shares in the last quarter. 75.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cathay General Bancorp

In other Cathay General Bancorp news, EVP Thomas M. Lo sold 900 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $47.00, for a total transaction of $42,300.00. Following the sale, the executive vice president now directly owns 3,359 shares of the company’s stock, valued at approximately $157,873. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Peter Wu sold 7,289 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $47.05, for a total transaction of $342,947.45. Following the transaction, the insider now owns 347,963 shares in the company, valued at $16,371,659.15. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,189 shares of company stock worth $2,500,047. 4.76% of the stock is currently owned by company insiders.

Cathay General Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.36 annualized dividend and a dividend yield of 2.90%. Cathay General Bancorp’s payout ratio is 34.26%.

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.