Pathward Financial (CASH) to Release Quarterly Earnings on Wednesday

Pathward Financial (NASDAQ:CASH) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.27 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.11. The firm had revenue of $176.73 million for the quarter, compared to analysts’ expectations of $176.63 million. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.76 EPS. On average, analysts expect Pathward Financial to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Pathward Financial Stock Performance

Shares of CASH opened at $73.46 on Wednesday. Pathward Financial has a 12-month low of $41.79 and a 12-month high of $75.04. The stock has a market cap of $1.86 billion, a P/E ratio of 11.03 and a beta of 0.68. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $66.36 and a two-hundred day moving average of $59.31.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a $0.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. Pathward Financial’s dividend payout ratio is currently 3.00%.

Insider Activity at Pathward Financial

In related news, President Anthony M. Sharett sold 3,100 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $66.40, for a total transaction of $205,840.00. Following the completion of the sale, the president now directly owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, President Anthony M. Sharett sold 3,100 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $66.40, for a total value of $205,840.00. Following the sale, the president now directly owns 30,046 shares of the company’s stock, valued at $1,995,054.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas J. Hajek sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $64.91, for a total value of $129,820.00. Following the completion of the sale, the director now owns 19,531 shares of the company’s stock, valued at $1,267,757.21. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CASH. Keefe, Bruyette & Woods raised their price objective on Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Piper Sandler increased their target price on Pathward Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th.

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.