Cathay General (NASDAQ:CATY) Stock, Quote.Headers.trade-ideas

Cathay General

Cathay General Bancorp is a regional bank predominantly serving the Chinese-American community. The company's policy is to reach out and actively offer services to low-to-moderate income groups in the delineated branch service areas. It predominantly provides services such as checking and deposit, lines of credits, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services to individuals, professionals, and small to medium-sized businesses. Through its Wealth Management unit, the company also offers investment products and services, such as stocks, bonds, mutual funds, insurance, annuities, and advisory services.

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Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG) announced progress on its previously announced share repurchase plan. The company repurchased 25,639,300 shares of its common stock at an aggregate price of ¥40.2 billion between May 16, 2024 and May 31, 2024.


Mitsubishi UFJ Repurchases Shares Under 80M Buyback Plan

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Cathay General Bancorp

Truist Securities analyst Brandon King maintains Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) with a Hold and raises the price target from $45 to $47.

Truist Securities Maintains Hold on Cathay General, Raises Price Target to $47

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Truist Securities analyst Brandon King maintains Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) with a Hold and raises the price target from $38 to $45.

Truist Securities Maintains Hold on Cathay General, Raises Price Target to $45

Wedbush analyst David Chiaverini maintains Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) with a Outperform and raises the price target from $44 to $50.

Wedbush Maintains Outperform on Cathay General, Raises Price Target to $50

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
<ul>
<li>Goldman Sachs cut the price target for SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) from $2 to $0.5. Goldman Sachs analyst Brian Lee maintained a Sell rating. SunPower shares gained 5.4% to close at $0.7158 on Monday. <a href="https://www.benzinga.com/quote/SPWR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler increased the price target for Cathay General Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) from $32 to $36. Piper Sandler analyst Matthew Clark maintained an Underweight rating. Cathay General Bancorp shares gained 2.4% to close at $43.02 on Monday. <a href="https://www.benzinga.com/quote/CATY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stephens &amp; Co. raised the price target for Zions Bancorporation, National Association (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) from $48 to $51. Stephens &amp; Co. analyst Terry McEvoy maintained an Equal-Weight rating. Zions Bancorporation shares rose 1% to close at $49.48 on Monday. <a href="https://www.benzinga.com/quote/ZION/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays decreased Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) price target from $11 to $7. Barclays analyst Steve Valiquette maintained an Underweight rating. Walgreens shares gained 2.6% to close at $11.30 on Monday. <a href="https://www.benzinga.com/quote/WBA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods boosted the price target for D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) from $178 to $208. Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintained an Outperform rating. D.R. Horton shares gained 1.9% to close at $177.16 on Monday. <a href="https://www.benzinga.com/quote/DHI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital raised ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) price target from $200 to $204. RBC Capital analyst Craig Wong-Pan maintained a Sector Perform rating. ResMed shares gained 2% to close at $207.28 on Monday. <a href="https://www.benzinga.com/quote/RMD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank cut Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) price target from $53 to $45. Deutsche Bank analyst James Shin maintained a Hold rating. Bristol-Myers Squibb shares rose 0.1% to close at $42.67 on Monday. <a href="https://www.benzinga.com/quote/BMY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) price target from $350 to $335. Baird analyst Shrenik Kothari maintained an Outperform rating. CrowdStrike shares fell 13.5% to close at $263.91 on Monday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) price target from $200 to $250. Baird analyst Tristan Gerra maintained an Outperform rating. QUALCOMM shares gained 4.7% to close at $194.97 on Monday. <a href="https://www.benzinga.com/quote/QCOM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler increased Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) price target from $465 to $485. Piper Sandler analyst Brent Bracelin reiterated an Overweight rating. Microsoft shares gained 1.3% to close at $442.94 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
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Piper Sandler analyst Matthew Clark maintains Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) with a Underweight and raises the price target from $32 to $36.

Piper Sandler Maintains Underweight on Cathay General, Raises Price Target to $36

Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) reported quarterly earnings of $0.96 per share which beat the analyst consensus estimate of $0.94 by 2.13 percent. The company reported quarterly sales of $178.531 million which missed the analyst consensus estimate of $179.184 million by 0.36 percent. This is a 12.76 percent decrease over sales of $204.643 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Cathay General Q2 2024 Adj EPS $0.96 Beats $0.94 Estimate, Sales $178.531M Miss $179.184M Estimate

Mitsubishi UFJ Financial Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mufg#NYSE">MUFG</a>) announced progress on its previously announced share repurchase plan. The company repurchased 25,639,300 shares of its common stock at an aggregate price of &yen;40.2 billion between May 16, 2024 and May 31, 2024. 
The repurchases were carried out under the company&#39;s &yen;100-billion share repurchase program announced on May 15, 2024. The plan allows MUFG to repurchase up to 80,000,000 shares, representing 0.68% of the total shares outstanding, excluding treasury stock. 
Since May 2017, Mitsubishi UFJ has completed several share-repurchase programs, with an aim to strengthen investors&#39; confidence in the stock. In line with this, in February 2024, MUFG repurchased 56,418,900 shares worth &yen;73 billion. 
Apart from the share repurchase program, MUFG also has an impressive dividend policy. In Fiscal 2024, the company increased the forecast for dividend per common stock to &yen;50 from &yen;41 in fiscal 2023. Further, it targets a dividend payout ratio of 39.1% by the end of fiscal 2024. Thus, by increasing dividends and executing flexible share repurchases, Mitsubishi UFJ aims to enhance shareholders&#39; returns. 
As of Mar 31, 2024, the company had cash and due from banks of &yen;113.6 trillion, much higher than its borrowed money of &yen;24.86 trillion. Given a sound balance sheet and solid liquidity position, MUFG&#39;s capital distribution activities seem sustainable in the long run.
Over the past six months, shares of MUFG have gained 2.6% on the NYSE compared with the industry&#39;s 7.7% growth. 
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/30/68124.jpg?v=227255087" /> 
Image Source: Zacks Investment Research
Currently, Mitsubishi UFJ carries a Zacks Rank #4 (Sell).
<h3>Finance Firms Taking Similar Actions</h3>
Last week, Cathay General Bancorp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/caty#NASDAQ">CATY</a>) announced a new share repurchase program. Under the plan, the board of directors authorized the buyback of $125 million worth of shares. There is no set expiration for the program. 
Previously, CATY had announced a share repurchase program in May 2022, authorizing the buyback of up to $125 million worth of shares. The company completed this program in February 2023, with the repurchase of 2.9 million shares at an average cost of $43.14. 
Similarly, Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) announced that its board of directors approved a share repurchase program authorizing it to repurchase up to $1 billion of its outstanding common stock. 
While the plan does not have an expiration date, HOOD expects to buy back shares over two to three years, starting from third-quarter 2024.
<a href="https://www.zacks.com/stock/news/2283515/mitsubishi-ufj-mufg-repurchases-shares-under-80m-buyback-plan?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2283515">To read this article on Zacks.com click here.</a>

&nbsp;The previous&nbsp;$125,000,000&nbsp;share repurchase program announced on May 26, 2022, was completed on February 21, 2023, with the repurchase of 2,897,628 shares at an average cost of&nbsp;$43.14.
The share repurchases may be made from time to time on the open market or in privately negotiated transactions.&nbsp;

Buybacks

Reported Earlier, Cathay General Bancorp Announces New $125M Share Repurchase Program

In the preceding three months, 4 analysts have released ratings for Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Cathay General and provided 12-month price targets. The average target is $40.75, accompanied by a high estimate of $44.00 and a low estimate of $38.00. This current average has decreased by 7.39% from the previous average price target of $44.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1714071661_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A comprehensive examination of how financial experts perceive Cathay General is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$38.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Christopher Mcgratty</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$41.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$44.00</td>
<td>-</td>
</tr>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$40.00</td>
<td>$46.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cathay General. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Cathay General compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Cathay General's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Cathay General's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CATY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cathay General analyst ratings.</a>
<h2>Discovering Cathay General: A Closer Look</h2>
Cathay General Bancorp is a regional bank predominantly serving the Chinese-American community. The company's policy is to reach out and actively offer services to low-to-moderate income groups in the delineated branch service areas. It predominantly provides services such as checking and deposit, lines of credits, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services to individuals, professionals, and small to medium-sized businesses. Through its Wealth Management unit, the company also offers investment products and services, such as stocks, bonds, mutual funds, insurance, annuities, and advisory services.
<h3>Cathay General: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Cathay General's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -4.05%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Cathay General's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 40.21% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Cathay General's ROE stands out, surpassing industry averages. With an impressive ROE of 3.07%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Cathay General's ROA excels beyond industry benchmarks, reaching 0.36%. This signifies efficient management of assets and strong financial health.
Debt Management: Cathay General's debt-to-equity ratio is below the industry average. With a ratio of 0.26, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 4 Analyst Ratings Have To Say About Cathay General

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) with a Market Perform and lowers the price target from $46 to $41.

Keefe, Bruyette & Woods Maintains Market Perform on Cathay General, Lowers Price Target to $41

Wedbush analyst David Chiaverini reiterates Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) with a Outperform and maintains $44 price target.

Reiteration

Wedbush Reiterates Outperform on Cathay General, Maintains $44 Price Target

Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) reported quarterly earnings of $0.98 per share which met the analyst consensus estimate. This is a 25.76 percent decrease over earnings of $1.32 per share from the same period last year. The company reported quarterly sales of $175.183 million which missed the analyst consensus estimate of $187.456 million by 6.55 percent. This is a 15.24 percent decrease over sales of $206.679 million the same period last year.

Cathay General Q1 2024 GAAP EPS $0.98, Inline, Sales $175.183M Miss $187.456M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; MainStreet Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSB#NASDAQ">MNSB</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $17.10 million.
&bull; Dynex Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DX#NYSE">DX</a>) is likely to report quarterly loss at $0.09 per share on revenue of $-570 thousand.
&bull; Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $743.48 million.
&bull; Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is likely to report quarterly earnings at $1.12 per share on revenue of $33.24 billion.
&bull; HBT Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) is projected to report quarterly earnings at $0.55 per share on revenue of $56.63 million.
&bull; AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $351.67 million.
&bull; Truist Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $5.70 billion.
&bull; Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $149.30 million.
&bull; Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $31.50 million.
&bull; Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) is estimated to report quarterly earnings at $0.87 per share on revenue of $160.21 million.
&bull; Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is estimated to report earnings for its first quarter.
&bull; Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $18.47 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Globe Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>) is expected to report quarterly earnings at $2.79 per share on revenue of $1.42 billion.
&bull; NBT Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTB#NASDAQ">NBTB</a>) is likely to report quarterly earnings at $0.68 per share on revenue of $135.32 million.
&bull; Simpson Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) is expected to report quarterly earnings at $1.92 per share on revenue of $549.85 million.
&bull; Crane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) is projected to report quarterly earnings at $1.12 per share on revenue of $546.38 million.
&bull; Hexcel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $473.78 million.
&bull; RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is expected to report quarterly earnings at $1.60 per share on revenue of $367.78 million.
&bull; Alexandria Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) is likely to report quarterly earnings at $2.32 per share on revenue of $772.57 million.
&bull; Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) is expected to report quarterly earnings at $8.20 per share on revenue of $4.12 billion.
&bull; Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $5.35 billion.
&bull; SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) is expected to report quarterly earnings at $1.11 per share on revenue of $8.56 billion.
&bull; AGNC Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $473.78 million.
&bull; Servisfirst Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>) is expected to report quarterly earnings at $0.88 per share on revenue of $109.10 million.
&bull; HealthStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) is likely to report quarterly earnings at $0.11 per share on revenue of $72.02 million.
&bull; Lufax Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $1.02 billion.
&bull; Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $387.14 million.
&bull; SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $39.14 million.
&bull; Trustco Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRST#NASDAQ">TRST</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $43.13 million.
&bull; Independent Bank Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTX#NASDAQ">IBTX</a>) is expected to report quarterly earnings at $0.59 per share on revenue of $121.39 million.
&bull; Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is likely to report quarterly earnings at $2.46 per share on revenue of $512.58 million.
&bull; Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) is likely to report quarterly earnings at $0.98 per share on revenue of $187.46 million.
&bull; Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is likely to report quarterly earnings at $1.13 per share on revenue of $1.00 billion.
&bull; Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) is estimated to report quarterly earnings at $1.06 per share on revenue of $1.22 billion.
&bull; Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is likely to report quarterly earnings at $1.56 per share on revenue of $423.19 million.
&bull; Cadence Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CADE#NYSE">CADE</a>) is expected to report quarterly earnings at $0.55 per share on revenue of $427.01 million.
&bull; SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $129.00 million.
&bull; Enterprise Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFSC#NASDAQ">EFSC</a>) is expected to report quarterly earnings at $1.11 per share on revenue of $157.33 million.
&bull; RBB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBB#NASDAQ">RBB</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $27.65 million.
&bull; Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) is likely to report quarterly earnings at $0.20 per share on revenue of $228.14 million.
&bull; First Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRBA#NASDAQ">FRBA</a>) is estimated to report quarterly earnings at $0.42 per share on revenue of $31.41 million.
&bull; Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) is likely to report quarterly earnings at $1.62 per share on revenue of $1.90 billion.
&bull; Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) is likely to report quarterly earnings at $3.85 per share on revenue of $8.51 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 22, 2024

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Shares of companies in the broader financial sector are trading lower as stocks fall after hotter-than-expected March inflation data, which has caused rate cut uncertainty.

Truist Securities analyst Brandon King maintains Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) with a Hold and lowers the price target from $46 to $40.

Truist Securities Maintains Hold on Cathay General, Lowers Price Target to $40

By the close of today, March 11, 2024, Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) will issue a dividend payout of $0.34 per share, resulting in an annualized dividend yield of 3.46%. Only those investors who owned the stock prior to the ex-dividend date on February 27, 2024 will receive this payout.
<h3>Cathay General Recent Dividend Payouts</h3>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-27</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>3.46%</td>
<td>2024-02-15</td>
<td>2024-02-28</td>
<td>2024-03-11</td>
</tr>
<tr>
<td>2023-11-28</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>3.62%</td>
<td>2023-11-16</td>
<td>2023-11-29</td>
<td>2023-12-11</td>
</tr>
<tr>
<td>2023-08-29</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>3.92%</td>
<td>2023-08-17</td>
<td>2023-08-30</td>
<td>2023-09-11</td>
</tr>
<tr>
<td>2023-05-26</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>4.43%</td>
<td>2023-05-18</td>
<td>2023-05-30</td>
<td>2023-06-09</td>
</tr>
<tr>
<td>2023-02-24</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>3.05%</td>
<td>2023-02-16</td>
<td>2023-02-27</td>
<td>2023-03-09</td>
</tr>
<tr>
<td>2022-11-28</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>3.0%</td>
<td>2022-11-17</td>
<td>2022-11-29</td>
<td>2022-12-09</td>
</tr>
<tr>
<td>2022-08-29</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>3.03%</td>
<td>2022-08-18</td>
<td>2022-08-30</td>
<td>2022-09-09</td>
</tr>
<tr>
<td>2022-05-26</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>3.45%</td>
<td>2022-05-16</td>
<td>2022-05-27</td>
<td>2022-06-06</td>
</tr>
<tr>
<td>2022-02-24</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>2.86%</td>
<td>2022-02-14</td>
<td>2022-02-25</td>
<td>2022-03-07</td>
</tr>
<tr>
<td>2021-11-26</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>3.07%</td>
<td>2021-11-18</td>
<td>2021-11-29</td>
<td>2021-12-09</td>
</tr>
<tr>
<td>2021-08-27</td>
<td style="text-align: right;">4</td>
<td>$0.31</td>
<td>3.2%</td>
<td>2021-08-19</td>
<td>2021-08-30</td>
<td>2021-09-09</td>
</tr>
<tr>
<td>2021-05-27</td>
<td style="text-align: right;">4</td>
<td>$0.31</td>
<td>2.88%</td>
<td>2021-05-17</td>
<td>2021-05-28</td>
<td>2021-06-07</td>
</tr>
</tbody>
</table>
With a dividend yield that places it neither at the top nor the bottom, Cathay General finds itself in the middle among its industry peers, while TFS Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFSL#NASDAQ">TFSL</a>) boasts the highest annualized dividend yield at 8.82%.
<h3>Analyzing Cathay General Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710169506_0.png" alt="dividend chart graph" />
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $1.24 to $1.36. This signifies the company's commitment to consistently increasing shareholder dividends.
<h3>YoY Earnings Growth For Cathay General</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710169506_1.png" alt="earning chart graph" />
From 2020 to 2023, Cathay General has demonstrated an upward trend in earnings, with earnings per share rising from $2.82 to $5.06. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
<h3>Recap</h3>
In this article, we delve into Cathay General's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.34 per share today, resulting in an annualized dividend yield of 3.46%.
With a dividend yield that places it neither at the top nor the bottom, Cathay General finds itself in the middle among its industry peers, while TFS Financial boasts the highest annualized dividend yield at 8.82%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for Cathay General indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[See current stock movements Cathay General on Benzinga.](https://www.benzinga.com/quote/Cathay General (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/caty#NASDAQ">CATY</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

TFSL

Cathay General Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards

Monday marks the last chance for investors to receive the next dividend payout from Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 34 cents per share. On Tuesday, Cathay General will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 34 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own CATY as of the end of Monday's session are eligible to receive the 34 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 11, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Cathay General <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Cathay General's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

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Shares of several bank stocks are trading lower after January CPI data showed a greater-than-expected rise in inflation, which increased uncertainty surrounding future rate cuts.

Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) reported its Q4 earnings results on Wednesday, January 24, 2024 at 04:30 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Cathay General beat estimated earnings by 6.6%, reporting an EPS of $1.13 versus an estimate of $1.06.
Revenue was down $8.66 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.03 which was followed by a 0.9% drop in the share price the next day.
Here's a look at Cathay General's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.10</td>
<td>1.13</td>
<td>1.25</td>
<td>1.37</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.13</td>
<td>1.28</td>
<td>1.32</td>
<td>1.33</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>196.86M</td>
<td>196.37M</td>
<td>207.47M</td>
<td>215.37M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>193.48M</td>
<td>204.64M</td>
<td>206.68M</td>
<td>213.90M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Cathay General <a href="https://www.benzinga.com/quote/CATY/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cathay General: Q4 Earnings Insights

Cathay General Bancorp GAAP EPS of $0.92 misses by $0.02, revenue of $178M misses by $1.13M

The latest update is out from Cathay General Bancorp (CATY). Cathay General Bancorp is set to hold a conference call to discuss its second quarter ...

Cathay General Bancorp Q2 2024 Earnings Call Announcement

In a report released yesterday, Christopher Mcgratty from KBW maintained a Hold rating on Cathay General Bancorp (CATY – Research Report), with a p...

KBW Reaffirms Their Hold Rating on Cathay General Bancorp (CATY)

Piper Sandler analyst Matthew Clark maintained a Sell rating on Cathay General Bancorp (CATY – Research Report) today and set a price target of $36...

Cathay General Bancorp (CATY) Receives a Sell from Piper Sandler

Wedbush analyst David Chiaverini maintained a Buy rating on Cathay General Bancorp (CATY – Research Report) today and set a price target of $50.00....

Cathay General Bancorp: Strong EPS and Proactive Financial Strategy Justify Buy Rating

In a report released today, Gary Tenner from D.A. Davidson maintained a Hold rating on Cathay General Bancorp (CATY – Research Report), with a pric...

D.A. Davidson Reaffirms Their Hold Rating on Cathay General Bancorp (CATY)

Cathay General Bancorp (CATY) Q2 2024 Earnings Call Transcript

Cathay General: Turnaround Seems Near, Buy On Dips

Cathay General Bancorp declares $0.34 dividend

Is September the most bearish month? Yes for the S&P, no for banks, Piper says

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Press Releases

Cathay General Bancorp Announces Fourth Quarter and Full Year 2023 Results

Cathay General Bancorp Declares $0.34 Per Share Dividend

Cathay General Bancorp to Announce First Quarter 2024 Financial Results

Cathay General Bancorp Announces First Quarter 2024 Results

Cathay Announces Two New Board Directors

Cathay General Bancorp Adopts New Share Repurchase Program

Cathay General Bancorp to Announce Second Quarter 2024 Financial Results

Cathay General Bancorp Announces Second Quarter 2024 Results

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Cathay General (CATY) Forecast

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