DA Davidson Has Pessimistic Outlook of CATY FY2026 Earnings

Cathay General Bancorp (NASDAQ:CATY) – Stock analysts at DA Davidson cut their FY2026 EPS estimates for Cathay General Bancorp in a report released on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $4.90 for the year, down from their previous estimate of $4.93. The consensus estimate for Cathay General Bancorp’s current full-year earnings is $4.47 per share.

A number of other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods dropped their price target 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, January 23rd. Stephens dropped 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 report on Thursday, January 23rd. Finally, Piper Sandler decreased their price target on Cathay General Bancorp from $45.00 to $43.00 and set an “underweight” rating on the stock in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cathay General Bancorp has a consensus rating of “Hold” and a consensus target price of $50.80.

Cathay General Bancorp Trading Up 0.2 %

Shares of NASDAQ:CATY opened at $42.89 on Thursday. The stock has a 50 day moving average of $45.36 and a 200 day moving average of $46.76. The company has a market cap of $3.01 billion, a PE ratio of 10.83 and a beta of 0.99. Cathay General Bancorp has a 12-month low of $33.88 and a 12-month high of $55.29. 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 (NASDAQ:CATY) last released its quarterly earnings results 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 return on equity of 10.70% and a net margin of 20.57%.

Cathay General Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 27th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.17%. The ex-dividend date was Thursday, February 27th. Cathay General Bancorp’s payout ratio is currently 34.34%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Cathay General Bancorp in the fourth quarter worth about $36,231,000. Assenagon Asset Management S.A. raised its holdings in shares of Cathay General Bancorp by 821.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 381,764 shares of the bank’s stock worth $18,176,000 after acquiring an additional 340,329 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Cathay General Bancorp by 112.6% during the 4th quarter. JPMorgan Chase & Co. now owns 331,862 shares of the bank’s stock valued at $15,800,000 after acquiring an additional 175,737 shares during the last quarter. Denali Advisors LLC grew its holdings in shares of Cathay General Bancorp by 339.6% in the fourth quarter. Denali Advisors LLC now owns 143,727 shares of the bank’s stock valued at $6,843,000 after purchasing an additional 111,034 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Cathay General Bancorp by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,861,501 shares of the bank’s stock worth $136,236,000 after purchasing an additional 102,724 shares during the last quarter. Institutional investors 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.