Pathward Financial (NASDAQ:CASH) Issues Quarterly Earnings Results

Pathward Financial (NASDAQ:CASH) issued its earnings results on Wednesday. The savings and loans company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.11, Briefing.com reports. The business had revenue of $176.73 million for the quarter, compared to analyst estimates of $176.63 million. Pathward Financial had a net margin of 22.10% and a return on equity of 24.08%. Pathward Financial’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 earnings per share.

Pathward Financial Stock Down 0.1 %

Shares of CASH traded down $0.06 during trading hours on Friday, reaching $68.15. 11,751 shares of the stock traded hands, compared to its average volume of 181,088. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $56.78 and a 200 day simple moving average of $52.96. Pathward Financial has a 52 week low of $41.79 and a 52 week high of $69.63. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 10.24 and a beta of 0.68.

Pathward Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Tuesday, June 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Tuesday, June 11th. Pathward Financial’s payout ratio is currently 3.00%.

Insider Activity at Pathward Financial

In other Pathward Financial news, Director Kendall E. Stork sold 2,000 shares of Pathward Financial stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $53.53, for a total value of $107,060.00. Following the sale, the director now owns 11,213 shares of the company’s stock, valued at $600,231.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on CASH. Piper Sandler raised their price target on shares of Pathward Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods raised their price target on shares of Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a report on Thursday.

Pathward Financial Company Profile

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.