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

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

Pathward Financial has a dividend payout ratio of 2.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

CASH traded up $0.27 during trading hours on Thursday, reaching $77.74. The company’s stock had a trading volume of 6,287 shares, compared to its average volume of 178,798. Pathward Financial has a 52 week low of $46.68 and a 52 week high of $86.00. The firm has a market cap of $1.85 billion, a PE ratio of 11.38 and a beta of 0.73. The company’s 50-day moving average is $77.25 and its 200-day moving average is $74.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77.

Pathward Financial (NASDAQ:CASH) last released its quarterly 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 firm had revenue of $173.51 million for the quarter, compared to analysts’ expectations of $173.27 million. During the same period in the prior year, the firm earned $1.06 EPS. The business’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that Pathward Financial will post 7.26 EPS for the current year.

Analyst Upgrades and Downgrades

CASH has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler reduced their target price on shares of Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd.

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.