Pathward Financial (NASDAQ:CASH) Releases FY 2023 Earnings Guidance

Pathward Financial (NASDAQ:CASH) updated its FY 2023 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 6.300-6.600 for the period, compared to the consensus estimate of 6.320. The company issued revenue guidance of -. Pathward Financial also updated its FY24 guidance to $6.30-6.60 EPS.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Piper Sandler cut their price objective on shares of Pathward Financial from $69.00 to $68.00 and set an overweight rating for the company in a report on Thursday, January 25th. Keefe, Bruyette & Woods cut their price objective on shares of Pathward Financial from $60.00 to $58.00 and set a market perform rating for the company in a report on Friday, April 5th.

Pathward Financial Price Performance

Shares of Pathward Financial stock traded up $0.34 on Wednesday, reaching $51.09. 130,640 shares of the stock were exchanged, compared to its average volume of 179,122. The firm’s 50 day moving average is $50.00 and its 200-day moving average is $50.07. Pathward Financial has a one year low of $39.90 and a one year high of $60.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.72. The firm has a market cap of $1.30 billion, a PE ratio of 8.39 and a beta of 0.71.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, January 24th. The savings and loans company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.17). Pathward Financial had a return on equity of 24.97% and a net margin of 22.22%. The firm had revenue of $162.80 million for the quarter, compared to the consensus estimate of $166.45 million. During the same period last year, the company posted $0.81 EPS. The business’s revenue was up 8.7% on a year-over-year basis. As a group, analysts anticipate that Pathward Financial will post 6.32 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Monday, March 11th. Pathward Financial’s dividend payout ratio (DPR) is presently 3.28%.

Insider Transactions at Pathward Financial

In related news, President Anthony M. Sharett sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.50, for a total transaction of $47,500.00. Following the completion of 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 available through the SEC website. 0.72% of the stock is currently owned by insiders.

Pathward Financial Company Profile

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.