Pathward Financial (NASDAQ:CASH – Get Rating) will issue its quarterly earnings data after the market closes on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Pathward Financial has set its FY 2023 guidance at $5.10-$5.10 EPS and its FY23 guidance at $5.10-5.60 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Pathward Financial (NASDAQ:CASH – Get Rating) last released its earnings results on Thursday, October 27th. The savings and loans company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.31. Pathward Financial had a net margin of 25.61% and a return on equity of 17.78%. The business had revenue of $123.22 million for the quarter, compared to the consensus estimate of $123.55 million. On average, analysts expect Pathward Financial to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Pathward Financial Price Performance
Shares of NASDAQ CASH traded down $0.46 during midday trading on Tuesday, reaching $45.50. The company’s stock had a trading volume of 163,135 shares, compared to its average volume of 222,022. The company has a 50 day moving average price of $43.81 and a 200 day moving average price of $39.23. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 8.70 and a beta of 0.86. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. Pathward Financial has a one year low of $31.16 and a one year high of $61.63.
Pathward Financial Dividend Announcement
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on CASH shares. Piper Sandler dropped their target price on shares of Pathward Financial from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 12th. TheStreet raised shares of Pathward Financial from a “c+” rating to a “b-” rating in a research report on Monday, November 7th. Finally, StockNews.com started coverage on shares of Pathward Financial in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.25.
Insider Activity at Pathward Financial
In related news, President Anthony M. Sharett sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $46.60, for a total transaction of $116,500.00. Following the transaction, the president now directly owns 30,486 shares of the company’s stock, valued at $1,420,647.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.43% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Pathward Financial by 0.6% during the third quarter. BlackRock Inc. now owns 4,310,058 shares of the savings and loans company’s stock valued at $142,061,000 after purchasing an additional 26,190 shares in the last quarter. Vanguard Group Inc. grew its position in Pathward Financial by 2.8% in the third quarter. Vanguard Group Inc. now owns 1,995,538 shares of the savings and loans company’s stock worth $65,772,000 after acquiring an additional 54,842 shares in the last quarter. State Street Corp grew its position in Pathward Financial by 9.1% in the first quarter. State Street Corp now owns 1,619,290 shares of the savings and loans company’s stock worth $89,010,000 after acquiring an additional 134,591 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Pathward Financial by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,467,053 shares of the savings and loans company’s stock worth $80,573,000 after acquiring an additional 7,854 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Pathward Financial by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 283,363 shares of the savings and loans company’s stock worth $9,340,000 after acquiring an additional 7,055 shares in the last quarter. 89.63% of the stock is owned by hedge funds and other institutional investors.
Pathward Financial Company Profile
Pathward Financial, Inc operates as the 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, money market savings accounts, and certificate accounts.
- Get a free copy of the StockNews.com research report on Pathward Financial (CASH)
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