Pathward Financial (NASDAQ:CASH) reported its earnings on July 24th. They made $1.66 per share, surpassing the expected $1.55. The company’s revenue was $176.73 million, slightly above the forecast of $176.63 million, with a net margin of 22.10% and return on equity of 23.59%. Revenue grew by 7% compared to last year, when EPS was $1.76. Analysts predict $7 EPS for both this year and the next.
Stock Performance
Pathward Financial stock opened at $73.46. It has ranged from a low of $41.79 to a high of $75.04 over the past year. The market cap is $1.86 billion with a P/E ratio of 11.03. The current and quick ratios are 0.73 and 0.72, respectively, with a low debt-to-equity ratio of 0.04.
Dividend Announcement
They recently announced a quarterly dividend of $0.05, paid on October 1st, to stockholders on record as of September 10th. This gives an annual yield of 0.27% and a payout ratio of 3.00%.
Insider Trading
President Anthony M. Sharett sold 3,100 shares at $66.40 each on September 13th, totaling $205,840. He now owns 30,046 shares valued at about $1.99 million. Additionally, Director Douglas J. Hajek sold 2,000 shares for $129,820. Insiders own 0.72% of the company.
Analyst Ratings
Keefe, Bruyette & Woods raised their price target from $58.00 to $67.00, maintaining a “market perform” rating. Piper Sandler increased theirs from $68.00 to $75.00, rating it “overweight”.
About Pathward Financial
Pathward Financial operates as a bank holding company, offering various banking products, including savings and money market accounts.
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