Streetbeat News

Earnings

GLBZ

Glen Burnie Bancorp (NASDAQ:GLBZ) reported a significant decrease in quarterly earnings, with EPS dropping to $0.06 from $0.29 YoY, marking a 79.31% decline.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 3:10 pm

AMAT

TXRH

VMC

Applied Materials, Inc. (AMAT) reported better-than-expected Q1 financial results, leading to an 8.3% rise in its shares. Other companies like PRA Group, The Trade Desk, Nano-X Imaging, Backblaze, Toast, Coinbase Global, Nayax, Kinsale Capital Group, Gyre Therapeutics, Texas Roadhouse, HireRight Holdings, Shockwave Medical, Sarepta Therapeutics, Bio-Rad Laboratories, Vulcan Materials, Artivion, and DT Midstream also saw significant gains following positive financial results or other favorable news.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 3:09 pm

NWBI

WABC

Westamerica Bancorp (NASDAQ:WABC) announces a dividend payout of $0.44 per share with an annualized yield of 3.54%, payable on February 16, 2024, to shareholders of record as of February 2, 2024. The company has shown a positive trend in dividend per share from $1.64 in 2020 to $1.72 in 2023, alongside an increase in earnings per share from $2.97 in 2020 to $6.04 in 2023, indicating a healthy financial status. Northwest Bancshares (NASDAQ:NWBI) leads in dividend yield among peers with 6.64%.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:05 pm

SSB

TFC

SouthState (NYSE:SSB) announced a dividend payout of $0.52 per share with an annualized yield of 2.52%, payable on February 16, 2024, to shareholders of record as of February 08, 2024. The company has shown a consistent increase in dividends per share from $1.88 in 2020 to $2.04 in 2023, alongside an earnings growth from $4.77 to $7.08 per share over the same period. This performance places SouthState in a solid financial position, suggesting potential for future dividend increases. Truist Finl (NYSE:TFC) has the highest annualized dividend yield among peers at 5.73%.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:05 pm

FLIC

PCB

PCB Bancorp (NASDAQ:PCB) announces a dividend payout of $0.18 per share with a 4.07% annualized yield, marking a consistent increase in dividends from $0.40 in 2020 to $0.69 in 2023. The company's earnings per share also grew from $0.93 in 2020 to $2.29 in 2023, indicating a strong financial health. First of Long Island (NASDAQ:FLIC) leads in dividend yield among peers with 7.28%.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:05 pm

EGBN

TMP

Tompkins Finl (AMEX:TMP) is set to distribute a dividend of $0.60 per share today, with an annualized yield of 4.42%. The company's dividend has shown a positive trend from 2020 to 2023, increasing from $2.10 to $2.40 per share. However, its earnings per share have decreased from $5.03 to $0.95 in the same period, indicating a decline in profitability. Eagle Bancorp (NASDAQ:EGBN) leads in dividend yield among peers at 7.26%.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:05 pm

FIBK

PPBI

Pacific Premier Bancorp (NASDAQ:PPBI) announced a dividend payout of $0.33 per share with an annualized yield of 4.72%, payable on February 16, 2024, to shareholders of record as of February 08, 2024. The company has shown a positive trend in dividend growth from $1.03 in 2020 to $1.32 in 2023 and an increase in earnings per share from $0.41 to $2.51 over the same period. This indicates a strong financial position and the ability to sustain dividend distributions. First Interstate BancSys (NASDAQ:FIBK) has the highest annualized dividend yield among peers at 7.02%.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:05 pm

CHNR

CPOP

DXF

GXAI

HTOO

TVGN

U.S. stocks were mostly lower with the Dow Jones falling by 150 points due to a rise in U.S. producer prices by 0.3% in January, marking the biggest increase in five months. Information technology shares rose by 0.6%, while real estate shares fell by 1.3%. Gaxos.ai Inc., Pop Culture Group Co., Ltd, and Fusion Fuel Green PLC saw significant stock price increases due to positive company developments. Conversely, China Natural Resources, Inc., Hepion Pharmaceuticals, Inc., and Dunxin Financial Holdings Limited experienced notable declines.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 2:42 pm

AGRO

HLF

IMKTA

SANW

VGR

Benzinga Insights identifies notable value stocks in the consumer defensive sector based on low P/E multiples. Herbalife, Adecoagro, Ingles Markets, Vector Group, and S&W Seed are highlighted for their value, with detailed updates on their recent earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:39 pm

ALB

AMR

FMC

SLVM

STLD

Benzinga Insights highlights 5 value stocks in the basic materials sector with notable P/E ratios: Steel Dynamics (STLD), Alpha Metallurgical (AMR), Albemarle (ALB), Sylvamo (SLVM), and FMC. Each company's recent financial performance, including changes in earnings per share and dividend yields, is detailed, indicating potential undervaluation.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:39 pm