Pathward Financial, Inc. (NASDAQ:CASH) Declares Quarterly Dividend of $0.05

Pathward Financial, Inc. (NASDAQ:CASH) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.05 per share by the savings and loans company on Tuesday, April 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%.

Pathward Financial has a payout ratio of 2.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pathward Financial to earn $8.48 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 2.4%.

Pathward Financial Price Performance

Shares of Pathward Financial stock opened at $77.10 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The company has a market cap of $1.84 billion, a PE ratio of 11.24 and a beta of 0.73. The firm has a fifty day moving average price of $77.31 and a two-hundred day moving average price of $74.18. Pathward Financial has a fifty-two week low of $46.68 and a fifty-two week high of $86.00.

Pathward Financial (NASDAQ:CASH) last released its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The business had revenue of $173.51 million during the quarter, compared to analysts’ expectations of $173.27 million. During the same quarter last year, the company earned $1.06 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Analysts expect that Pathward Financial will post 7.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CASH. Piper Sandler reduced their target price on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

About Pathward Financial

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.