Pathward Financial (NASDAQ:CASH) Announces Earnings Results

Pathward Financial (NASDAQ:CASH) issued its quarterly earnings results on Wednesday. The savings and loans company reported $1.35 earnings per share (EPS) 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 business had revenue of $167.90 million for the quarter, compared to analyst estimates of $167.20 million. During the same quarter in the prior year, the business posted $1.36 EPS. Pathward Financial’s revenue for the quarter was up 4.4% compared to the same quarter last year.

Pathward Financial Stock Performance

Shares of NASDAQ:CASH traded down $2.53 during midday trading on Thursday, reaching $70.15. The company’s stock had a trading volume of 310,754 shares, compared to its average volume of 178,673. The firm has a market capitalization of $1.77 billion, a PE ratio of 10.53 and a beta of 0.68. Pathward Financial has a twelve month low of $41.79 and a twelve month high of $75.20. The stock has a fifty day moving average of $67.94 and a 200 day moving average of $60.32. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 0.04.

Pathward Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CASH. Piper Sandler upped their price target on shares of Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods upped their price target on shares of Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th.

Insider Transactions at Pathward Financial

In other news, President Anthony M. Sharett sold 3,100 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $66.40, for a total value 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 Securities & Exchange Commission, which is available through the SEC website. In related news, President Anthony M. Sharett sold 3,100 shares of the stock in a transaction on Friday, September 13th. The shares were 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 of the company’s stock, valued at approximately $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 hyperlink. Also, Director Douglas J. Hajek sold 2,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $64.91, for a total transaction of $129,820.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

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.