Pathward Financial (NASDAQ:CASH – Get Free Report) announced its earnings results on Wednesday. The savings and loans company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.19, Briefing.com reports. Pathward Financial had a return on equity of 25.58% and a net margin of 22.90%. The business had revenue of $247.25 million for the quarter, compared to analyst estimates of $240.46 million. During the same period in the prior year, the company earned $2.18 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Pathward Financial updated its FY24 guidance to $6.30-6.60 EPS and its FY 2023 guidance to 6.300-6.600 EPS.
Pathward Financial Price Performance
Shares of NASDAQ:CASH opened at $52.92 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.72. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 7.95 and a beta of 0.71. The business has a 50-day simple moving average of $50.03 and a two-hundred day simple moving average of $50.09. Pathward Financial has a fifty-two week low of $40.15 and a fifty-two week high of $60.49.
Pathward Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, March 11th. Pathward Financial’s dividend payout ratio is currently 3.00%.
Insider Activity at Pathward Financial
Analyst Ratings Changes
CASH has been the subject of several recent analyst reports. Piper Sandler lowered their price objective on shares of Pathward Financial from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Keefe, Bruyette & Woods cut their price objective on shares of Pathward Financial from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Friday, April 5th.
Read Our Latest Stock Report on Pathward Financial
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.
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