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

Pathward Financial (NASDAQ:CASH) issued 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 company had revenue of $173.51 million during the quarter, compared to analysts’ expectations of $173,273.50 billion. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. Pathward Financial’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share.

Pathward Financial Stock Up 0.9 %

Shares of NASDAQ:CASH traded up $0.69 during trading on Tuesday, hitting $78.43. The stock had a trading volume of 197,495 shares, compared to its average volume of 179,455. 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 has a 12 month low of $46.68 and a 12 month high of $86.00. The company has a market capitalization of $1.89 billion, a PE ratio of 11.83 and a beta of 0.72. The firm’s fifty day moving average is $78.58 and its 200 day moving average is $71.10.

Pathward Financial Dividend Announcement

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

Insider Buying and Selling

In other news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.60, for a total transaction of $181,350.00. Following the sale, the chief financial officer now owns 9,644 shares in the company, valued at $777,306.40. This represents a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CASH shares. Keefe, Bruyette & Woods upped their target price on shares of 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 lifted their price target on shares of Pathward Financial from $82.00 to $94.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd.

Pathward Financial Company Profile

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.