Pathward Financial (CASH) to Release Quarterly Earnings on Tuesday

Pathward Financial (NASDAQ:CASH) is projected to issue its quarterly earnings data 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 registering for 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 (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.08. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The company had revenue of $167.90 million during the quarter, compared to analysts’ expectations of $167.20 million. During the same quarter in the prior year, the company earned $1.36 EPS. Pathward Financial’s revenue 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 Stock Up 1.1 %

Shares of NASDAQ CASH opened at $77.74 on Friday. Pathward Financial has a 12-month low of $46.68 and a 12-month high of $86.00. The stock has a market cap of $1.88 billion, a PE ratio of 11.73 and a beta of 0.72. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $78.66 and a 200 day moving average of $70.86.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were issued a $0.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.20 annualized dividend and a yield of 0.26%. Pathward Financial’s payout ratio is 3.02%.

Wall Street Analyst Weigh In

CASH has been the topic of several recent analyst reports. Piper Sandler upped their price objective on shares of 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 upped their price objective on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Insider Buying and Selling at Pathward Financial

In related news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $80.60, for a total transaction of $181,350.00. Following the completion of the sale, the chief financial officer now owns 9,644 shares in the company, valued at $777,306.40. This represents a 18.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

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.