Pathward Financial (CASH) Projected to Post Quarterly Earnings on Tuesday

Pathward Financial (NASDAQ:CASH) will likely be issuing its quarterly earnings data after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $1.24 per share and revenue of $173,273.50 billion for the quarter.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.08. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The company had revenue of $167.90 million for the quarter, compared to the consensus estimate of $167.20 million. During the same period in the previous year, the business earned $1.36 EPS. Pathward Financial’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts expect Pathward Financial to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Pathward Financial Stock Performance

Shares of NASDAQ CASH traded up $1.59 during trading on Wednesday, reaching $77.27. The stock had a trading volume of 168,395 shares, compared to its average volume of 185,488. Pathward Financial has a one year low of $46.68 and a one year high of $86.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.74. The stock has a market cap of $1.86 billion, a PE ratio of 11.65 and a beta of 0.72. The firm’s 50 day moving average price is $78.71 and its two-hundred day moving average price is $70.59.

Pathward Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. Pathward Financial’s dividend payout ratio (DPR) is 3.02%.

Insider Activity at Pathward Financial

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 completion of the transaction, the chief financial officer now owns 9,644 shares in the company, valued at $777,306.40. The trade was a 18.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CASH. Piper Sandler boosted their price target on Pathward Financial from $82.00 to $94.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods boosted their price target on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

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.