Pathward Financial, Inc. Announces Quarterly Dividend of $0.05 (NASDAQ:CASH)

Pathward Financial, Inc. (NASDAQ:CASH) declared a quarterly dividend on Thursday, November 20th. Stockholders of record on Wednesday, December 10th will be paid a dividend of 0.05 per share by the savings and loans company on Friday, January 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, December 10th.

Pathward Financial has a dividend payout ratio of 2.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Pathward Financial to earn $8.48 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 2.4%.

Pathward Financial Trading Up 0.3%

Shares of CASH traded up $0.18 during trading hours on Thursday, hitting $67.63. The company had a trading volume of 219,573 shares, compared to its average volume of 194,347. Pathward Financial has a 52-week low of $64.45 and a 52-week high of $86.00. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $72.06 and its 200 day moving average price is $76.20. The firm has a market cap of $1.54 billion, a P/E ratio of 8.56 and a beta of 0.79.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Tuesday, October 21st. The savings and loans company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.30. The company had revenue of $186.71 million during the quarter, compared to analysts’ expectations of $189.50 million. Pathward Financial had a return on equity of 22.97% and a net margin of 22.45%.Pathward Financial’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 EPS. Pathward Financial has set its FY 2026 guidance at 8.250-8.750 EPS. On average, research analysts predict that Pathward Financial will post 7.26 EPS for the current year.

Insiders Place Their Bets

In other news, insider Nadia Dombrowski sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $71.46, for a total value of $357,300.00. Following the completion of the sale, the insider directly owned 6,528 shares of the company’s stock, valued at approximately $466,490.88. This trade represents a 43.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Anthony M. Sharett sold 11,500 shares of Pathward Financial stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $71.55, for a total transaction of $822,825.00. Following the sale, the president directly owned 25,155 shares in the company, valued at $1,799,840.25. The trade was a 31.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 19,500 shares of company stock worth $1,384,455. 1.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. boosted its position in shares of Pathward Financial by 2.3% during the second quarter. Osaic Holdings Inc. now owns 5,826 shares of the savings and loans company’s stock valued at $461,000 after purchasing an additional 133 shares in the last quarter. USAdvisors Wealth Management LLC raised its holdings in Pathward Financial by 37.0% in the first quarter. USAdvisors Wealth Management LLC now owns 607 shares of the savings and loans company’s stock worth $44,000 after purchasing an additional 164 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Pathward Financial by 8.4% during the second quarter. Nisa Investment Advisors LLC now owns 2,204 shares of the savings and loans company’s stock valued at $174,000 after buying an additional 170 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Pathward Financial by 3.7% during the 1st quarter. HighTower Advisors LLC now owns 4,906 shares of the savings and loans company’s stock valued at $358,000 after buying an additional 175 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of Pathward Financial by 3.9% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 4,906 shares of the savings and loans company’s stock valued at $363,000 after buying an additional 186 shares in the last quarter. Institutional investors own 92.66% 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.