Pathward Financial (NASDAQ:CASH) Releases Earnings Results, Beats Expectations By $0.08 EPS

by · The Cerbat Gem

Pathward Financial (NASDAQ:CASH – Get Free Report) posted its 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 return on equity of 23.59% and a net margin of 22.10%. The business had revenue of $167.90 million during the quarter, compared to analyst estimates of $167.20 million. During the same quarter last year, the firm earned $1.36 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year.

Pathward Financial Stock Down 3.5 %

NASDAQ CASH traded down $2.53 during mid-day trading on Thursday, reaching $70.15. 310,754 shares of the company’s stock traded hands, compared to its average volume of 178,673. Pathward Financial has a 1-year low of $41.79 and a 1-year high of $75.20. The company has a fifty day simple moving average of $67.94 and a 200-day simple moving average of $60.32. 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 company has a market cap of $1.77 billion, a price-to-earnings ratio of 10.53 and a beta of 0.68.

Pathward Financial Dividend Announcement

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

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, Director Douglas J. Hajek sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 19,531 shares in the company, valued at $1,267,757.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Douglas J. Hajek sold 2,000 shares of Pathward Financial stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $64.91, for a total value of $129,820.00. Following the completion of the transaction, the director now owns 19,531 shares in the company, valued at approximately $1,267,757.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Anthony M. Sharett sold 3,100 shares of Pathward Financial stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $66.40, for a total value of $205,840.00. Following the completion of the transaction, the president now owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CASH has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Piper Sandler raised their price objective on Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday.

View Our Latest Stock Analysis on Pathward Financial

About Pathward Financial

(Get Free Report)

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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