Pathward Financial (NASDAQ:CASH – Get Free Report) updated its FY 2023 earnings guidance on Wednesday. The company provided EPS guidance of 6.300-6.600 for the period, compared to the consensus EPS estimate of 6.320. The company issued revenue guidance of -. Pathward Financial also updated its FY24 guidance to $6.30-6.60 EPS.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Piper Sandler dropped their target price on Pathward Financial from $69.00 to $68.00 and set an overweight rating for the company in a research note on Thursday, January 25th. Keefe, Bruyette & Woods dropped their target price on Pathward Financial from $60.00 to $58.00 and set a market perform rating for the company in a research note on Friday, April 5th.
View Our Latest Report on Pathward Financial
Pathward Financial Trading Down 1.5 %
Pathward Financial (NASDAQ:CASH – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The savings and loans company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.37 by $0.19. The company had revenue of $247.25 million during the quarter, compared to analyst estimates of $240.46 million. Pathward Financial had a return on equity of 25.58% and a net margin of 22.90%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.18 earnings per share. As a group, equities analysts expect that Pathward Financial will post 6.32 earnings per share for the current fiscal year.
Pathward Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Monday, March 11th. Pathward Financial’s dividend payout ratio is currently 3.00%.
Insider Activity at Pathward Financial
In related news, President Anthony M. Sharett sold 1,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $47.50, for a total value of $47,500.00. Following the completion of the transaction, the president now owns 33,146 shares of the company’s stock, valued at $1,574,435. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.
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.
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