Pathward Financial (NASDAQ:CASH) reported its earnings on July 24, showing $1.66 per share, surpassing the expected $1.55. The company had a net margin of 22.10% and generated $176.73 million in revenue, slightly above analyst expectations. Revenue rose 7% from the same quarter last year. Analysts predict Pathward will post $7 EPS this fiscal year and the next.
Pathward Financial Stock Performance
CASH traded at $74.08 on Monday. It has a market cap of $1.87 billion, a price-to-earnings ratio of 11.12, with a debt-to-equity ratio of 0.04. Over the past year, it has ranged from $41.79 to $75.20.
Dividend Announcement
Pathward Financial recently declared a quarterly dividend of $0.05 per share, paid on October 1st for shareholders as of September 10th. This equates to an annual yield of 0.27%.
Insider Transactions
President Anthony M. Sharett sold 3,100 shares on September 13 at $66.40, totaling $205,840. After the sale, he owns 30,046 shares valued at approximately $1.99 million. Director Douglas J. Hajek sold 2,000 shares on September 12 for $64.91 each. Insiders hold 0.72% of the company stock.
Analyst Price Target Updates
Piper Sandler raised its target price for Pathward from $68 to $75 with an “overweight” rating. Keefe, Bruyette & Woods increased their price target from $58 to $67, maintaining a “market perform” rating.
Company Overview
Pathward Financial, Inc. is the bank holding company for Pathward, National Association, providing various banking services across the U.S. It operates in Consumer, Commercial, and Corporate Services segments, offering savings and money market accounts.
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