Pathward Financial (CASH) to release earnings on Thursday
Pathward Financial (NASDAQ:CASH – Get a rating) will release its quarterly results after market close on Thursday, October 27. Analysts expect Pathward Financial to post earnings of $0.73 per share for the quarter. Pathward Financial set its FY22 guidance at $4.28-$4.48 EPS and its FY23 guidance at $5.10-$5.60 EPS. Parties wishing to listen to the company’s conference call can do so using this link.
Pathward Financial (NASDAQ:CASH – Get a rating) last released its quarterly results on Wednesday, July 27. The savings and loan company reported earnings per share of $0.93 for the quarter, beating the consensus estimate of $0.83 by $0.10. The company posted revenue of $126.15 million for the quarter, versus $130.08 million expected by analysts. Pathward Financial had a net margin of 24.47% and a return on equity of 14.73%. The company’s revenue fell 3.7% compared to the same quarter last year. During the same quarter last year, the company posted EPS of $1.21. On average, analysts expect Pathward Financial to post EPS of $4 for the current fiscal year and EPS of $5 for the next fiscal year.
Performance of Pathward Financial Stocks
Shares of NASDAQ CASH opened at $37.50 on Thursday. The company has a debt ratio of 0.02, a quick ratio of 0.63 and a current ratio of 0.64. The company has a market capitalization of $1.09 billion, a P/E ratio of 7.62 and a beta of 0.80. The company’s fifty-day moving average is $34.46 and its two-hundred-day moving average is $38.86. Pathward Financial has a 52-week low of $31.16 and a 52-week high of $65.96.
Pathward Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3. Shareholders of record on Thursday, September 8 received a dividend of $0.05. The ex-dividend date was Wednesday, September 7. This represents an annualized dividend of $0.20 and a yield of 0.53%. Pathward Financial’s dividend payout ratio (DPR) is 4.07%.
Wall Street analysts predict growth
CASH has been the subject of several analyst reports. StockNews.com began covering Pathward Financial in a report on Wednesday, October 12. They issued a “hold” rating for the company. B. Riley reduced his price target on Pathward Financial from $55.00 to $48.00 in a Thursday, July 28 report. TheStreet downgraded shares of Pathward Financial from a “b-” rating to a “c+” rating in a Monday, August 15 report. Keefe, Bruyette & Woods downgraded shares of Pathward Financial from an “outperform” rating to a “market performer” rating and reduced their price target for the company from $67.00 to $45.00 in a report from Thursday, July 28. Finally, Raymond James downgraded shares of Pathward Financial from a “strong buy” rating to an “outperform” rating and reduced his price target for the stock from $70.00 to $46.00 in a rating of research from Thursday July 7th. Two investment analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.25.
Insider buying and selling
In other news, CEO Brett L. Pharr bought 2,500 shares of the company in a transaction that took place on Monday, August 1. The shares were purchased at an average price of $33.16 per share, with a total value of $82,900.00. Following the purchase, the CEO now directly owns 51,875 shares of the company, valued at approximately $1,720,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. In other news, CFO Glen William Herrick bought 3,000 shares of the company in a trade on Tuesday, August 2. The shares were purchased at an average cost of $33.46 per share, for a total transaction of $100,380.00. Following completion of the transaction, the CFO now directly owns 104,869 shares of the company, valued at approximately $3,508,916.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, CEO Brett L. Pharr acquired 2,500 shares of the company in a transaction dated Monday, August 1. The shares were purchased at an average price of $33.16 per share, with a total value of $82,900.00. As a result of the transaction, the CEO now directly owns 51,875 shares of the company, valued at approximately $1,720,175. Disclosure of this purchase can be found here. During the last quarter, insiders bought 7,250 shares of the company worth $243,103 and sold 1,750 shares worth $62,245. 2.00% of the shares are currently held by insiders of the company.
Hedge funds weigh on Pathward Financial
Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp increased 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 loan company valued at $89,010,000 after acquiring an additional 134,591 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Pathward Financial by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,467,053 shares of the savings and loan company worth $80,573,000 after buying 7,854 additional shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Pathward Financial by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 228,261 shares of the savings and loan company valued at $12,537,000 after purchasing an additional 4,381 shares during the period. Bank of America Corp DE increased its holdings in Pathward Financial by 14.1% in the first quarter. Bank of America Corp DE now owns 127,927 shares of the savings and loan company valued at $7,025,000 after purchasing an additional 15,792 shares during the period. Finally, Hsbc Holdings PLC increased its holdings of Pathward Financial shares by 26.3% in the first quarter. Hsbc Holdings PLC now owns 74,014 shares in the savings and loan company valued at $4,086,000 after purchasing an additional 15,399 shares during the period. Hedge funds and other institutional investors own 87.25% of the company’s shares.
Pathward Financial Company Profile
Pathward Financial, Inc operates as a holding company for Pathward, National Association which provides various banking products and services in the United States. It operates through three segments: Consumer, Commercial and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, money market savings accounts and certificate accounts.
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