Pathward Financial (NASDAQ:CASH) Issues Earnings Results, Beats Expectations By $0.05 EPS

Pathward Financial (NASDAQ:CASH) released its quarterly earnings data 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 business had revenue of $173.51 million for the quarter, compared to the consensus estimate of $173,273.50 billion. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share.

Pathward Financial Stock Performance

Shares of CASH opened at $78.43 on Wednesday. The business has a 50-day simple moving average of $78.58 and a two-hundred day simple moving average of $71.10. Pathward Financial has a 52 week low of $46.68 and a 52 week high of $86.00. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 11.83 and a beta of 0.72. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04.

Pathward Financial Dividend Announcement

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

Insider Activity

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.60, for a total transaction of $181,350.00. Following the transaction, the chief financial officer now owns 9,644 shares of the company’s stock, valued at approximately $777,306.40. This trade represents a 18.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CASH. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler raised their target price on Pathward Financial from $82.00 to $94.00 and gave the stock an “overweight” rating in a research note 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.