Pathward Financial (NASDAQ:CASH – Get Free Report) released its earnings results on Wednesday. The savings and loans company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.08, Briefing.com reports. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The firm had revenue of $167.90 million during the quarter, compared to analyst estimates of $167.20 million. During the same quarter in the previous year, the business earned $1.36 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year.
Pathward Financial Stock Down 2.4 %
Shares of Pathward Financial stock traded down $1.69 during trading on Friday, reaching $68.46. The stock had a trading volume of 228,520 shares, compared to its average volume of 178,913. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 10.28 and a beta of 0.68. The stock has a fifty day moving average price of $68.02 and a two-hundred day moving average price of $60.44. 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 52 week low of $44.39 and a 52 week high of $75.20.
Pathward Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were given 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 dividend payout ratio is presently 3.00%.
Insider Buying and Selling
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Piper Sandler upped their price objective on Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods upped their price target on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th.
Check Out Our Latest Research Report 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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