Pathward Financial (NASDAQ:CASH) Releases Earnings Results, Beats Expectations By $0.08 EPS

Pathward Financial (NASDAQ:CASH) issued its quarterly earnings data on Wednesday. The savings and loans company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.27 by $0.08, Briefing.com reports. Pathward Financial had a return on equity of 23.59% and a net margin of 22.10%. The company had revenue of $167.90 million during the quarter, compared to analyst estimates of $167.20 million. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Pathward Financial’s revenue was up 4.4% on a year-over-year basis.

Pathward Financial Price Performance

Shares of Pathward Financial stock opened at $70.15 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.73. Pathward Financial has a 52-week low of $41.79 and a 52-week high of $75.20. The company has a fifty day moving average of $67.94 and a 200-day moving average of $60.32. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 10.53 and a beta of 0.68.

Pathward Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Tuesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is presently 3.00%.

Wall Street Analysts Forecast Growth

CASH has been the topic of several research reports. Piper Sandler raised their price objective on shares of Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th.

Insider Buying and Selling

In other Pathward Financial news, Director Douglas J. Hajek sold 2,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $64.91, for a total value of $129,820.00. Following the completion of the sale, the director now directly owns 19,531 shares of the company’s stock, valued at $1,267,757.21. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Pathward Financial news, Director Douglas J. Hajek sold 2,000 shares of Pathward Financial stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $64.91, for a total value of $129,820.00. Following the transaction, the director now directly owns 19,531 shares of the company’s stock, valued at $1,267,757.21. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Anthony M. Sharett sold 3,100 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $66.40, for a total value of $205,840.00. Following the sale, the president now directly owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

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.