Pathward Financial (NASDAQ:CASH – Get Free Report) posted its quarterly earnings results on Wednesday. The savings and loans company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.37 by $0.19, Briefing.com reports. Pathward Financial had a return on equity of 24.97% and a net margin of 22.22%. The firm had revenue of $247.25 million during the quarter, compared to analysts’ expectations of $240.46 million. During the same quarter last year, the firm earned $2.18 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Pathward Financial updated its FY24 guidance to $6.30-6.60 EPS and its FY 2023 guidance to 6.300-6.600 EPS.
Pathward Financial Trading Up 4.3 %
Shares of NASDAQ CASH traded up $2.20 during trading on Thursday, reaching $53.29. The stock had a trading volume of 78,520 shares, compared to its average volume of 177,823. Pathward Financial has a fifty-two week low of $40.15 and a fifty-two week high of $60.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.72. The business’s 50-day moving average price is $50.00 and its 200-day moving average price is $50.07. The company has a market cap of $1.36 billion, a P/E ratio of 8.82 and a beta of 0.71.
Pathward Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.38%. Pathward Financial’s payout ratio is presently 3.28%.
Analyst Ratings Changes
View Our Latest Stock Report on CASH
Insider Activity
In other news, President Anthony M. Sharett sold 1,000 shares of Pathward Financial stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.50, for a total value of $47,500.00. Following the completion of the sale, the president now directly owns 33,146 shares of the company’s stock, valued at $1,574,435. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.72% of the company’s stock.
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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