Pathward Financial (NASDAQ:CASH) Posts Earnings Results

Pathward Financial (NASDAQ:CASH) released its earnings results on Tuesday. The savings and loans company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05, Briefing.com reports. The company had revenue of $173.51 million during the quarter, compared to analysts’ expectations of $173,273.50 billion. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 EPS.

Pathward Financial Stock Performance

Shares of Pathward Financial stock traded up $0.69 during trading hours on Tuesday, reaching $78.43. The company’s stock had a trading volume of 197,578 shares, compared to its average volume of 179,499. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.74. Pathward Financial has a one year low of $46.68 and a one year high of $86.00. The company’s 50 day simple moving average is $78.58 and its 200 day simple moving average is $71.10. The stock has a market cap of $1.89 billion, a P/E ratio of 11.83 and a beta of 0.72.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. Pathward Financial’s dividend payout ratio (DPR) is 3.02%.

Insider Activity at Pathward Financial

In related news, CFO Greg Sigrist sold 2,250 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following the completion of the transaction, the chief financial officer now directly owns 9,644 shares in the company, valued at $777,306.40. This represents a 18.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.23% of the company’s stock.

Wall Street Analyst Weigh In

CASH has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler boosted their price objective on Pathward Financial from $82.00 to $94.00 and gave the company an “overweight” rating in a report on Monday, December 23rd.

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.