Pathward Financial (NASDAQ:CASH) Issues Quarterly Earnings Results

Pathward Financial (NASDAQ:CASH) released its earnings results on Wednesday. The savings and loans company reported $1.35 earnings per share for the quarter, beating 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 the consensus estimate of $167.20 million. During the same period in the prior year, the firm earned $1.36 EPS. The company’s revenue was up 4.4% compared to the same quarter last year.

Pathward Financial Stock Performance

Shares of CASH stock opened at $70.15 on Friday. The firm’s 50 day moving average is $67.94 and its 200 day moving average is $60.32. The stock has a market capitalization of $1.77 billion, a P/E ratio of 10.53 and a beta of 0.68. Pathward Financial has a 12 month low of $41.79 and a 12 month high of $75.20. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Tuesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is currently 3.00%.

Insider Activity at Pathward Financial

In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $66.40, for a total transaction of $205,840.00. Following the sale, the president now owns 30,046 shares in the company, valued at $1,995,054.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, President Anthony M. Sharett sold 3,100 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $66.40, for a total transaction of $205,840.00. Following the sale, the president now directly owns 30,046 shares in the company, valued at $1,995,054.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas J. Hajek sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 owns 19,531 shares of the company’s stock, valued at $1,267,757.21. This trade 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 owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Piper Sandler upped their price target on Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” 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.