Pathward Financial (NASDAQ:CASH – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Pathward Financial has set its FY 2023 guidance at $5.10-$5.10 EPS and its FY23 guidance at $5.10-5.60 EPS.Parties that wish to listen to the company’s conference call can do so using this link.
Pathward Financial (NASDAQ:CASH – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The savings and loans company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.31. Pathward Financial had a return on equity of 17.78% and a net margin of 25.61%. The company had revenue of $123.22 million during the quarter, compared to analysts’ expectations of $123.55 million. On average, analysts expect Pathward Financial to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Pathward Financial Stock Performance
Shares of CASH traded down $0.46 during mid-day trading on Tuesday, reaching $45.50. The company’s stock had a trading volume of 163,135 shares, compared to its average volume of 222,022. Pathward Financial has a 1-year low of $31.16 and a 1-year high of $61.63. The stock has a market cap of $1.28 billion, a P/E ratio of 8.70 and a beta of 0.86. The business has a 50-day simple moving average of $43.81 and a two-hundred day simple moving average of $39.23. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06.
Pathward Financial Dividend Announcement
Insider Transactions at Pathward Financial
In other Pathward Financial news, President Anthony M. Sharett sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $46.60, for a total transaction of $116,500.00. Following the transaction, the president now owns 30,486 shares in the company, valued at approximately $1,420,647.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.43% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Pathward Financial
A number of hedge funds have recently added to or reduced their stakes in CASH. Quantbot Technologies LP acquired a new stake in shares of Pathward Financial in the 1st quarter valued at $34,000. Advisor Group Holdings Inc. boosted its holdings in shares of Pathward Financial by 27.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,116 shares of the savings and loans company’s stock valued at $116,000 after purchasing an additional 453 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Pathward Financial in the 2nd quarter valued at $120,000. Captrust Financial Advisors acquired a new stake in shares of Pathward Financial during the 2nd quarter valued at $120,000. Finally, Prelude Capital Management LLC acquired a new stake in shares of Pathward Financial during the 1st quarter valued at $201,000. Institutional investors own 89.63% of the company’s stock.
Analyst Upgrades and Downgrades
CASH has been the subject of a number of recent analyst reports. Piper Sandler cut their price objective on Pathward Financial from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, October 12th. TheStreet raised Pathward Financial from a “c+” rating to a “b-” rating in a research report on Monday, November 7th. Finally, StockNews.com assumed coverage on Pathward Financial in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.25.
Pathward Financial Company Profile
Pathward Financial, Inc operates as the 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, money market savings accounts, and certificate accounts.
- Get a free copy of the StockNews.com research report on Pathward Financial (CASH)
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