Pathward Financial (NASDAQ:CASH – Get Free Report) issued its quarterly earnings results on Wednesday. The savings and loans company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.27 by $0.08, Briefing.com reports. The company had revenue of $167.90 million for the quarter, compared to the consensus estimate of $167.20 million. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS.
Pathward Financial Stock Down 3.5 %
Shares of CASH traded down $2.53 during mid-day trading on Thursday, hitting $70.15. The company’s stock had a trading volume of 310,754 shares, compared to its average volume of 178,673. The company’s 50-day moving average is $67.94 and its 200-day moving average is $60.32. Pathward Financial has a 52-week low of $41.79 and a 52-week high of $75.20. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 10.53 and a beta of 0.68. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04.
Pathward Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a $0.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. Pathward Financial’s payout ratio is presently 3.00%.
Insider Transactions at Pathward Financial
Analyst Ratings Changes
Several research firms have issued reports on CASH. Keefe, Bruyette & Woods boosted their price objective on shares of Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Piper Sandler boosted their price objective on shares of Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday.
View Our Latest Stock Analysis on CASH
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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