Pathward Financial (NASDAQ:CASH – Get Free Report) posted its quarterly earnings data on Wednesday. The savings and loans company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.58 by $0.27, FiscalAI reports. Pathward Financial had a return on equity of 20.61% and a net margin of 21.03%. The business had revenue of $183.12 million for the quarter, compared to the consensus estimate of $179.10 million.
Pathward Financial Price Performance
Shares of CASH traded up $0.27 during midday trading on Wednesday, hitting $74.20. 431,058 shares of the company traded hands, compared to its average volume of 236,208. The stock has a 50-day moving average of $77.88 and a 200-day moving average of $83.91. Pathward Financial has a one year low of $65.87 and a one year high of $101.26. The firm has a market cap of $1.54 billion, a P/E ratio of 9.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.81.
Pathward Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 10th. Pathward Financial’s payout ratio is presently 2.51%.
Analyst Ratings Changes
CASH has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price target (down from $107.00) on shares of Pathward Financial in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods dropped their price target on Pathward Financial from $108.00 to $97.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Pathward Financial has an average rating of “Buy” and an average target price of $101.00.
Get Our Latest Analysis on Pathward Financial
Pathward Financial Company Profile
Pathward Financial, Inc is a financial services holding company that operates primarily through its subsidiary, Pathward, National Association. Based in Sioux Falls, South Dakota, the company provides banking and financial services to consumers and businesses across the United States.
Pathward’s businesses include consumer banking, commercial finance, payments and tax-related financial solutions. Its offerings include prepaid and debit card programs, account and payment services, tax refund and tax-related products, and financing solutions for businesses.
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