Pathward Financial (NASDAQ:CASH – Get Free Report) released its quarterly earnings data on Wednesday. The savings and loans company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.19, Briefing.com reports. Pathward Financial had a net margin of 22.90% and a return on equity of 25.09%. The company had revenue of $247.25 million for the quarter, compared to analyst estimates of $240.46 million. During the same period in the previous year, the business earned $2.18 EPS. Pathward Financial’s revenue for the quarter was up 8.2% compared to the same quarter last year. Pathward Financial updated its FY24 guidance to $6.30-6.60 EPS and its FY 2023 guidance to 6.300-6.600 EPS.
Pathward Financial Stock Performance
NASDAQ CASH traded down $0.78 during trading on Friday, reaching $52.14. The company’s stock had a trading volume of 148,987 shares, compared to its average volume of 136,266. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 7.83 and a beta of 0.71. Pathward Financial has a 12 month low of $41.34 and a 12 month high of $60.49. The firm has a 50 day moving average price of $50.04 and a 200 day moving average price of $50.11.
Pathward Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.38%. Pathward Financial’s dividend payout ratio (DPR) is currently 3.00%.
Insider Buying and Selling at Pathward Financial
Analyst Upgrades and Downgrades
A number of research analysts recently commented on CASH shares. Piper Sandler decreased their price target on shares of Pathward Financial from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Keefe, Bruyette & Woods decreased their price target on shares of Pathward Financial from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Friday, April 5th.
Get Our Latest Report on Pathward Financial
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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