Pathward Financial (NASDAQ:CASH – Get Free Report) issued its quarterly earnings data on Wednesday. The savings and loans company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.19, Briefing.com reports. The company had revenue of $247.25 million during the quarter, compared to analysts’ expectations of $240.46 million. Pathward Financial had a return on equity of 24.97% and a net margin of 22.22%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $2.18 earnings per share. 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 Pathward Financial stock traded up $2.04 during trading on Thursday, reaching $53.13. The company’s stock had a trading volume of 59,413 shares, compared to its average volume of 177,508. The stock has a 50-day moving average price of $50.00 and a two-hundred day moving average price of $50.07. The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.35 billion, a P/E ratio of 8.72 and a beta of 0.71. Pathward Financial has a one year low of $40.15 and a one year high of $60.49.
Pathward Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.38%. Pathward Financial’s dividend payout ratio is 3.28%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on CASH
Insider Buying and Selling at Pathward Financial
In other Pathward Financial news, President Anthony M. Sharett sold 1,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $47.50, for a total transaction of $47,500.00. Following the transaction, the president now directly owns 33,146 shares in the company, valued at approximately $1,574,435. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.
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