Pathward Financial (NASDAQ:CASH) Announces Earnings Results

Pathward Financial (NASDAQ:CASH) released its earnings results on Tuesday. The savings and loans company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05, Briefing.com reports. The company had revenue of $173.51 million for the quarter, compared to analysts’ expectations of $173,273.50 billion. Pathward Financial had a return on equity of 21.98% and a net margin of 21.91%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.06 EPS.

Pathward Financial Stock Down 1.4 %

Pathward Financial stock opened at $77.31 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04. Pathward Financial has a 1-year low of $46.68 and a 1-year high of $86.00. The firm’s fifty day simple moving average is $78.52 and its 200-day simple moving average is $71.25. The company has a market capitalization of $1.86 billion, a P/E ratio of 11.27 and a beta of 0.72.

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Tuesday, December 10th. Pathward Financial’s payout ratio is presently 2.92%.

Insiders Place Their Bets

In related news, CFO Greg Sigrist sold 2,250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $80.60, for a total value of $181,350.00. Following the completion of the sale, the chief financial officer now directly owns 9,644 shares in the company, valued at approximately $777,306.40. The trade was a 18.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.23% of the company’s stock.

Wall Street Analysts Forecast Growth

CASH has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler dropped their price target on shares of Pathward Financial from $94.00 to $91.00 and set an “overweight” rating on the stock in a research note on Wednesday.

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.