Pathward Financial (CASH) to Release Quarterly Earnings on Tuesday

Pathward Financial (NASDAQ:CASH) is anticipated 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. Investors interested in listening to the company’s conference call can do so using this link.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.08. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The company had revenue of $167.90 million for the quarter, compared to analyst estimates of $167.20 million. During the same quarter last year, the firm earned $1.36 EPS. Pathward Financial’s revenue for the quarter was up 4.4% compared to the same quarter last year. 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 Price Performance

Shares of NASDAQ:CASH opened at $77.74 on Monday. Pathward Financial has a 1-year low of $46.68 and a 1-year high of $86.00. The firm has a market capitalization of $1.88 billion, a PE ratio of 11.73 and a beta of 0.72. The business’s 50 day moving average is $78.66 and its 200-day moving average is $70.95. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04.

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 issued a dividend of $0.05 per share. 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 payout ratio is presently 3.02%.

Insider Activity at Pathward Financial

In other news, CFO Greg Sigrist sold 2,250 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 9,644 shares of the company’s stock, valued at $777,306.40. This represents a 18.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CASH. Piper Sandler lifted their price objective on Pathward Financial from $82.00 to $94.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods boosted their price target on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Pathward Financial Company Profile

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.