Pathward Financial (NASDAQ:CASH – Get Free Report) announced its quarterly earnings results on Wednesday. The savings and loans company reported $1.35 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $167.20 million. During the same quarter last year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year.
Pathward Financial Trading Down 3.5 %
Shares of CASH stock opened at $70.15 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. Pathward Financial has a 1 year low of $41.79 and a 1 year high of $75.20. The firm’s fifty day simple moving average is $67.94 and its 200 day simple moving average is $60.32. The firm has a market capitalization of $1.77 billion, a P/E ratio of 10.53 and a beta of 0.68.
Pathward Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a $0.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. Pathward Financial’s payout ratio is 3.00%.
Insider Buying and Selling at Pathward Financial
Analyst Upgrades and Downgrades
CASH has been the topic of a number of research analyst reports. Piper Sandler raised their target price on shares of Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods raised their price target on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th.
Get Our Latest Analysis on CASH
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.
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