What is DA Davidson’s Forecast for CATY Q2 Earnings?

Cathay General Bancorp (NASDAQ:CATY) – Analysts at DA Davidson issued their Q2 2025 earnings estimates for Cathay General Bancorp in a report released on Thursday, May 1st. DA Davidson analyst G. Tenner expects that the bank will earn $1.07 per share for the quarter. The consensus estimate for Cathay General Bancorp’s current full-year earnings is $4.47 per share.

Cathay General Bancorp (NASDAQ:CATY) last released its quarterly earnings data on Monday, April 21st. The bank reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.03. The firm had revenue of $187.84 million for the quarter, compared to analyst estimates of $186.17 million. Cathay General Bancorp had a net margin of 20.57% and a return on equity of 10.70%. During the same quarter in the prior year, the business earned $1.05 EPS.

Several other research analysts have also weighed in on CATY. Piper Sandler dropped their target price on Cathay General Bancorp from $45.00 to $43.00 and set an “underweight” rating on the stock in a research report on Monday, January 27th. Stephens restated an “overweight” rating and issued a $51.00 price objective on shares of Cathay General Bancorp in a report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cathay General Bancorp has a consensus rating of “Hold” and a consensus target price of $49.60.

Cathay General Bancorp Trading Up 2.1 %

NASDAQ CATY opened at $42.94 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 $34.75 and a 1-year high of $55.29. The firm’s fifty day simple moving average is $41.99 and its 200-day simple moving average is $46.20. The company has a market capitalization of $3.01 billion, a PE ratio of 10.84 and a beta of 0.91.

Institutional Investors Weigh In On Cathay General Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised 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 valued at $40,000 after purchasing an additional 330 shares during the period. Physician Wealth Advisors Inc. acquired a new position in Cathay General Bancorp in the 4th quarter valued at $55,000. Venturi Wealth Management LLC bought a new position in Cathay General Bancorp in the 4th quarter worth $82,000. Smartleaf Asset Management LLC lifted its position in Cathay General Bancorp by 189.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,794 shares of the bank’s stock worth $86,000 after acquiring an additional 1,175 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Cathay General Bancorp by 42.9% during the fourth quarter. GAMMA Investing LLC now owns 2,188 shares of the bank’s stock valued at $104,000 after acquiring an additional 657 shares during the period. 75.01% of the stock is currently owned by institutional investors and hedge funds.

Cathay General Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Thursday, February 27th. Cathay General Bancorp’s dividend payout ratio is 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.