What is DA Davidson’s Estimate for CATY Q1 Earnings?

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

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

Several other equities research analysts have also recently commented on CATY. Keefe, Bruyette & Woods dropped their target price on Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating on the stock in a report on Thursday. Wedbush boosted their target price on Cathay General Bancorp from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stephens dropped their target price on Cathay General Bancorp from $60.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday. One equities research 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.40.

Cathay General Bancorp Stock Performance

CATY opened at $46.89 on Friday. The business’s 50 day moving average is $49.42 and its 200-day moving average is $45.61. The stock has a market cap of $3.34 billion, a PE ratio of 11.81 and a beta of 1.13. 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 twelve month low of $33.88 and a twelve month high of $55.29.

Institutional Investors Weigh In On Cathay General Bancorp

Institutional investors have recently modified their holdings of the stock. Quarry LP boosted its stake in shares of Cathay General Bancorp by 76.3% during the 2nd quarter. Quarry LP now owns 765 shares of the bank’s stock valued at $29,000 after buying an additional 331 shares during the period. CWM LLC boosted its stake in shares of Cathay General Bancorp by 19.9% during the 3rd quarter. CWM LLC now owns 1,517 shares of the bank’s stock valued at $65,000 after buying an additional 252 shares during the period. GAMMA Investing LLC boosted its stake in shares of Cathay General Bancorp by 24.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,531 shares of the bank’s stock valued at $66,000 after buying an additional 305 shares during the period. KBC Group NV boosted its stake in shares of Cathay General Bancorp by 68.5% during the 4th quarter. KBC Group NV now owns 3,730 shares of the bank’s stock valued at $178,000 after buying an additional 1,517 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in shares of Cathay General Bancorp during the 3rd quarter valued at $201,000. Institutional investors and hedge funds own 75.01% of the company’s stock.

Insiders Place Their Bets

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

Cathay General Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Wednesday, November 27th. 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.