Pathward Financial (NASDAQ:CASH – Get Free Report) released its quarterly earnings data on Wednesday. The savings and loans company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.08, Briefing.com reports. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The company had revenue of $167.90 million during the quarter, compared to analysts’ expectations of $167.20 million. During the same quarter in the previous year, the company earned $1.36 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis.
Pathward Financial Trading Down 2.4 %
Shares of CASH traded down $1.69 during midday trading on Friday, reaching $68.46. The company had a trading volume of 228,520 shares, compared to its average volume of 178,913. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 0.04. Pathward Financial has a 1-year low of $44.39 and a 1-year high of $75.20. The firm has a 50 day simple moving average of $68.02 and a 200-day simple moving average of $60.44. The stock has a market cap of $1.73 billion, a PE ratio of 10.28 and a beta of 0.68.
Pathward Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.20 annualized dividend and a yield of 0.29%. Pathward Financial’s dividend payout ratio is presently 3.00%.
Insiders Place Their Bets
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Piper Sandler upped their price target on Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th.
Get Our Latest Research Report on Pathward Financial
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.
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