Pathward Financial, Inc. Plans Quarterly Dividend of $0.05 (NASDAQ:CASH)

Pathward Financial, Inc. (NASDAQ:CASH) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.05 per share by the savings and loans company on Tuesday, April 1st. This represents a $0.20 annualized dividend and a yield of 0.26%.

Pathward Financial has a dividend payout ratio of 2.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pathward Financial to earn $8.48 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 2.4%.

Pathward Financial Stock Performance

Shares of CASH opened at $77.10 on Friday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 11.24 and a beta of 0.73. The company’s fifty day moving average is $77.31 and its 200-day moving average is $74.18. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. Pathward Financial has a 12 month low of $46.68 and a 12 month high of $86.00.

Pathward Financial (NASDAQ:CASH) last posted its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company had revenue of $173.51 million for the quarter, compared to analyst estimates of $173.27 million. During the same period last year, the company earned $1.06 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Equities analysts expect that Pathward Financial will post 7.26 EPS for the current fiscal year.

Analysts Set New Price Targets

CASH has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research note 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.