Pathward Financial (NASDAQ:CASH – Get Free Report) shared its quarterly earnings on July 24th. They reported $1.66 earnings per share (EPS), exceeding expectations of $1.55 by $0.11. The company’s revenue was $176.73 million, slightly above the forecast of $176.63 million, and it had a net margin of 22.10%. This is a 7% increase in revenue compared to the same period last year, where EPS was $1.76. Analysts predict an EPS of $7 for the current and next fiscal year.
Pathward Financial Stock Declines 1.4%
CASH opened at $74.08. The company has a market cap of $1.87 billion, a P/E ratio of 11.12, and a beta of 0.68. Its debt-to-equity ratio is 0.04, and it has a quick ratio of 0.72. The stock’s 52-week range is $41.79 to $75.20.
Pathward Financial Announces Dividend
The company recently declared a quarterly dividend of $0.05, paid on October 1st to shareholders who owned stock by September 10th. This marks a yearly dividend of $0.20 with a yield of 0.27%, and a payout ratio of 3.00%.
Insider Trading at Pathward Financial
President Anthony M. Sharett sold 3,100 shares on September 13th at $66.40 each, totaling $205,840. He currently holds 30,046 shares valued at about $1,995,054.40. Director Douglas J. Hajek also sold 2,000 shares for $129,820, now owning 19,531 shares worth $1,267,757.21. Insiders own 0.72% of the company.
Analysts Set New Price Targets
Analysts have updated their outlook with Piper Sandler raising their target price from $68.00 to $75.00, and Keefe, Bruyette & Woods increasing theirs from $58.00 to $67.00.
About Pathward Financial
Pathward Financial, Inc operates as a bank holding company, offering banking products and services through segments such as Consumer, Commercial, and Corporate Services.
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