Pathward Financial (NASDAQ:CASH) Announces Earnings Results, Beats Expectations By $0.40 EPS

Pathward Financial (NASDAQ:CASH - Get Free Report) posted its quarterly earnings results on Tuesday. The savings and loans company reported $3.11 EPS for the quarter, beating the consensus estimate of $2.71 by $0.40, Zacks reports. The firm had revenue of $262.90 million during the quarter, compared to analysts' expectations of $256.30 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. During the same quarter in the prior year, the firm posted $2.56 EPS.

Pathward Financial Price Performance

Shares of CASH traded down $0.36 during mid-day trading on Friday, reaching $78.96. The company had a trading volume of 221,487 shares, compared to its average volume of 195,017. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The company has a market capitalization of $1.88 billion, a P/E ratio of 11.51 and a beta of 0.44. Pathward Financial has a twelve month low of $50.00 and a twelve month high of $86.00. The company's 50-day moving average is $73.14 and its 200-day moving average is $76.05.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Pathward Financial's dividend payout ratio is currently 2.70%.

Institutional Trading of Pathward Financial

An institutional investor recently bought a new position in Pathward Financial stock. Revolve Wealth Partners LLC bought a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,634,641 shares of the savings and loans company's stock, valued at approximately $267,437,000. Pathward Financial makes up approximately 28.1% of Revolve Wealth Partners LLC's investment portfolio, making the stock its largest holding. Revolve Wealth Partners LLC owned about 15.24% of Pathward Financial as of its most recent filing with the SEC. 92.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their price target on shares of Pathward Financial from $91.00 to $94.00 and gave the company an "overweight" rating in a report on Wednesday.

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.