Pathward Financial (NASDAQ:CASH) Announces Quarterly Earnings Results

Pathward Financial (NASDAQ:CASH) announced its earnings results on Wednesday. The savings and loans company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.08, Briefing.com reports. The company had revenue of $167.90 million during the quarter, compared to analyst estimates of $167.20 million. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. Pathward Financial’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share.

Pathward Financial Stock Down 2.4 %

CASH stock traded down $1.69 during midday trading on Friday, reaching $68.46. 228,520 shares of the company were exchanged, compared to its average volume of 178,913. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 10.28 and a beta of 0.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.73. Pathward Financial has a 1-year low of $44.39 and a 1-year high of $75.20. The stock’s 50-day simple moving average is $68.02 and its 200 day simple moving average is $60.44.

Pathward Financial Dividend Announcement

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

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CASH shares. Piper Sandler increased their price objective on shares of Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods upped their price objective on Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th.

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.