Pathward Financial (NASDAQ:CASH) Announces Earnings Results

Pathward Financial (NASDAQ:CASH) 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

In other Pathward Financial news, Director Douglas J. Hajek sold 2,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $64.91, for a total value of $129,820.00. Following the completion of the sale, the director now owns 19,531 shares in the company, valued at $1,267,757.21. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, President Anthony M. Sharett sold 3,100 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $66.40, for a total value of $205,840.00. Following the transaction, the president now owns 30,046 shares in the company, valued at approximately $1,995,054.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas J. Hajek sold 2,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $64.91, for a total transaction of $129,820.00. Following the completion of the transaction, the director now directly owns 19,531 shares in the company, valued at approximately $1,267,757.21. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

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.

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.