Pathward Financial (NASDAQ:CASH) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Pathward Financial (NASDAQ:CASH) issued its quarterly earnings data on Tuesday. The savings and loans company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05, Briefing.com reports. The business had revenue of $173.51 million for the quarter, compared to analysts’ expectations of $173,273.50 billion. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 earnings per share.

Pathward Financial Stock Up 0.9 %

Pathward Financial stock opened at $78.43 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.74 and a quick ratio of 0.63. The company’s 50-day moving average is $78.58 and its 200-day moving average is $71.10. The firm has a market capitalization of $1.89 billion, a PE ratio of 11.83 and a beta of 0.72. Pathward Financial has a fifty-two week low of $46.68 and a fifty-two week high of $86.00.

Pathward Financial Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.20 annualized dividend and a yield of 0.26%. Pathward Financial’s dividend payout ratio (DPR) is presently 3.02%.

Analyst Ratings Changes

A number of brokerages recently commented on CASH. Piper Sandler upped their price objective on shares of Pathward Financial from $82.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Keefe, Bruyette & Woods raised their price objective on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Insider Activity

In other news, CFO Greg Sigrist sold 2,250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.60, for a total value of $181,350.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.23% of the company’s stock.

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.