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

Cathay General Bancorp (NASDAQ:CATY) – Investment analysts at DA Davidson issued their Q1 2025 earnings estimates for Cathay General Bancorp in a research note issued on Thursday, January 23rd. DA Davidson analyst G. Tenner anticipates 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 $4.16 per share.

Cathay General Bancorp (NASDAQ:CATY) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.12 earnings per share 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 10.75%.

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

Cathay General Bancorp Trading Down 0.2 %

NASDAQ CATY opened at $46.81 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.03. Cathay General Bancorp has a fifty-two week low of $33.88 and a fifty-two week high of $55.29. The stock has a market cap of $3.33 billion, a P/E ratio of 11.82 and a beta of 1.13. The stock has a 50 day simple moving average of $49.32 and a two-hundred day simple moving average of $45.68.

Institutional Trading of Cathay General Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of CATY. Quarry LP grew its holdings in shares of Cathay General Bancorp by 76.3% during the second quarter. Quarry LP now owns 765 shares of the bank’s stock valued at $29,000 after buying an additional 331 shares during the last quarter. CWM LLC lifted its position in Cathay General Bancorp by 19.9% in the 3rd quarter. CWM LLC now owns 1,517 shares of the bank’s stock valued at $65,000 after acquiring an additional 252 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 305 shares during the last quarter. KBC Group NV increased its holdings in shares of Cathay General Bancorp by 68.5% in the 4th quarter. KBC Group NV now owns 3,730 shares of the bank’s stock worth $178,000 after purchasing an additional 1,517 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of Cathay General Bancorp in the third quarter worth $201,000. 75.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Thomas M. Lo sold 900 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 3,359 shares in the company, valued at $157,873. This trade represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Peter Wu sold 40,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.87, for a total transaction of $2,114,800.00. Following the completion of the transaction, the insider now owns 295,252 shares in the company, valued at approximately $15,609,973.24. The trade was a 11.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,189 shares of company stock valued at $2,500,047 over the last quarter. Corporate insiders own 4.76% of the company’s stock.

Cathay General Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Wednesday, November 27th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.36 dividend on an annualized basis and a yield of 2.91%. Cathay General Bancorp’s dividend payout ratio (DPR) is currently 34.34%.

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.