Pathward Financial (NASDAQ:CASH) Posts Earnings Results, Beats Estimates By $0.05 EPS

Pathward Financial (NASDAQ:CASH) posted its quarterly 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 business 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 company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $1.06 EPS.

Pathward Financial Trading Up 0.9 %

NASDAQ:CASH traded up $0.69 during mid-day trading 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. Pathward Financial has a twelve month low of $46.68 and a twelve month high of $86.00. The company’s fifty day simple moving average is $78.58 and its two-hundred day simple moving average is $71.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.74 and a quick ratio of 0.63. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Tuesday, December 10th. Pathward Financial’s dividend payout ratio is presently 3.02%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CFO Greg Sigrist sold 2,250 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at approximately $777,306.40. The trade was a 18.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.23% 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.