Pathward Financial (NASDAQ:CASH) Releases Earnings Results, Beats Expectations By $0.11 EPS

Pathward Financial (NASDAQ:CASH) issued its quarterly earnings results on Wednesday. The savings and loans company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 24.08% and a net margin of 22.10%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 earnings per share.

Pathward Financial Price Performance

Shares of CASH traded down $0.06 during trading hours on Friday, hitting $68.15. 11,751 shares of the stock were exchanged, compared to its average volume of 181,088. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. Pathward Financial has a 12-month low of $41.79 and a 12-month 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. The stock’s 50-day moving average price is $56.78 and its two-hundred day moving average price is $52.96.

Pathward Financial Announces Dividend

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 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Tuesday, June 11th. Pathward Financial’s payout ratio is 3.00%.

Insider Buying and Selling

In other Pathward Financial news, Director Kendall E. Stork sold 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $53.53, for a total value of $107,060.00. Following the completion of the sale, the director now directly owns 11,213 shares in the company, valued at approximately $600,231.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Piper Sandler upped their target price on Pathward Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods upped their target price on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research report on Thursday.

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.