Pathward Financial (NASDAQ:CASH – Get Free Report) announced its earnings results on Wednesday. The savings and loans company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.08, Briefing.com reports. The business had revenue of $167.90 million for the quarter, compared to analysts’ expectations of $167.20 million. Pathward Financial had a return on equity of 23.59% and a net margin of 22.10%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS.
Pathward Financial Stock Performance
Shares of CASH opened at $70.15 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.77 billion, a PE 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 stock has a fifty day moving average price of $67.94 and a 200-day moving average price of $60.32.
Pathward Financial Dividend Announcement
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 dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Tuesday, September 10th. Pathward Financial’s payout ratio is presently 3.00%.
Insider Buying and Selling
Analyst Upgrades and Downgrades
CASH has been the subject of a number of analyst reports. Piper Sandler upped their price objective on Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods increased 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 report on Thursday, July 25th.
View Our Latest Stock Report on Pathward Financial
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.
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