DA Davidson Has Negative Forecast for CATY FY2026 Earnings

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

A number of other research firms have also weighed in on CATY. Piper Sandler reduced their price objective on shares of 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 reduced their price target on Cathay General Bancorp from $60.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, January 23rd. One equities 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 stock. According to MarketBeat.com, Cathay General Bancorp has an average rating of “Hold” and a consensus target price of $50.80.

Cathay General Bancorp Price Performance

Cathay General Bancorp stock opened at $42.89 on Thursday. 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. The firm has a 50-day moving average price of $45.36 and a 200-day moving average price of $46.76. The firm has a market capitalization of $3.01 billion, a PE ratio of 10.83 and a beta of 0.99.

Cathay General Bancorp (NASDAQ:CATY) last issued its quarterly 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 return on equity of 10.70% and a net margin of 20.57%.

Cathay General Bancorp Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Cathay General Bancorp by 63.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 850 shares of the bank’s stock worth $40,000 after buying an additional 330 shares during the period. Physician Wealth Advisors Inc. bought a new stake in shares of Cathay General Bancorp in the fourth quarter valued at about $55,000. Venturi Wealth Management LLC purchased a new stake in Cathay General Bancorp in the fourth quarter worth about $82,000. Smartleaf Asset Management LLC grew its holdings 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 in the last quarter. Finally, GAMMA Investing LLC increased its position in Cathay General Bancorp by 42.9% during the 4th quarter. GAMMA Investing LLC now owns 2,188 shares of the bank’s stock valued at $104,000 after purchasing an additional 657 shares during the period. 75.01% of the stock is currently owned by hedge funds and other institutional investors.

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.