Pathward Financial (CASH) Projected to Post Quarterly Earnings on Tuesday

Pathward Financial (NASDAQ:CASH) is expected to announce its earnings results after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $1.24 per share and revenue of $173,273.50 billion for the quarter.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.08. The business had revenue of $167.90 million for the quarter, compared to analyst estimates of $167.20 million. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 EPS. On average, analysts expect Pathward Financial to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Pathward Financial Trading Up 2.1 %

Shares of NASDAQ CASH traded up $1.59 during midday trading on Wednesday, hitting $77.27. The stock had a trading volume of 168,395 shares, compared to its average volume of 185,488. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 11.65 and a beta of 0.72. Pathward Financial has a 1-year low of $46.68 and a 1-year high of $86.00. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $78.71 and a 200 day moving average price of $70.59.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Tuesday, December 10th. Pathward Financial’s dividend payout ratio is currently 3.02%.

Insider Activity at Pathward Financial

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of Pathward Financial stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following the sale, the chief financial officer now directly owns 9,644 shares in the company, valued at $777,306.40. The trade was a 18.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Piper Sandler raised their target price on Pathward Financial from $82.00 to $94.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods raised their target price on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

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.