Pathward Financial - CASH Stock Forecast, Price & News

Pathward Financial, Inc. operates as the holding company for Pathward, National Association that 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. It also provides commercial finance product comprising term lending, asset based lending, factoring, lease financing, insurance premium finance, government guaranteed lending, and other commercial finance products; consumer credit products; other consumer financing services; short-term taxpayer advance loans; and warehouse financing services. In addition, the company issues prepaid cards and consumer credit products; sponsors merchant acquiring and automated teller machines (ATMs) in various debit networks; and offers tax refund-transfer services, and other payment industry products and service It operates 12 non-branch offices. The company was formerly known as Meta Financial Group, Inc. and changed its name to Pathward Financial, Inc. in July 2022. Pathward Financial, Inc. was founded in 1954 and is headquartered in Sioux Falls, South Dakota.

Pathward Financial Trading Down 0.5 %

NASDAQ:CASH traded down $0.20 during trading hours on Wednesday, hitting $37.02. 4,035 shares of the company were exchanged, compared to its average volume of 345,972. The stock has a 50-day moving average price of $38.37 and a 200 day moving average price of $45.67. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.02. Pathward Financial has a 52 week low of $31.16 and a 52 week high of $65.96. The stock has a market cap of $1.08 billion, a PE ratio of 7.57 and a beta of 0.86.

Pathward Financial (NASDAQ:CASH - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The savings and loans company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. Pathward Financial had a return on equity of 14.73% and a net margin of 24.47%. The company had revenue of $126.15 million for the quarter, compared to analysts' expectations of $130.08 million. During the same period in the previous year, the firm posted $1.21 earnings per share. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. Analysts forecast that Pathward Financial will post 4.14 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, June 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. Pathward Financial's dividend payout ratio (DPR) is presently 4.07%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CASH. Keefe, Bruyette & Woods lowered shares of Pathward Financial from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $67.00 to $45.00 in a research report on Thursday, July 28th. StockNews.com upgraded shares of Pathward Financial from a "sell" rating to a "hold" rating in a research report on Monday, August 1st. Piper Sandler dropped their target price on shares of Pathward Financial from $72.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, July 11th. B. Riley dropped their target price on shares of Pathward Financial from $55.00 to $48.00 in a research report on Thursday, July 28th. Finally, TheStreet cut shares of Pathward Financial from a "b-" rating to a "c+" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.00.

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, CEO Brett L. Pharr bought 2,500 shares of the company's stock in a transaction on Monday, August 1st. The stock was acquired at an average price of $33.16 per share, for a total transaction of $82,900.00. Following the completion of the transaction, the chief executive officer now directly owns 51,875 shares of the company's stock, valued at $1,720,175. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Pathward Financial news, CEO Brett L. Pharr bought 2,500 shares of the company's stock in a transaction on Monday, August 1st. The stock was acquired at an average price of $33.16 per share, for a total transaction of $82,900.00. Following the completion of the transaction, the chief executive officer now directly owns 51,875 shares of the company's stock, valued at $1,720,175. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Charles C. Ingram bought 1,250 shares of the company's stock in a transaction on Monday, August 8th. The shares were acquired at an average price of $34.25 per share, with a total value of $42,812.50. Following the transaction, the executive vice president now directly owns 22,026 shares of the company's stock, valued at $754,390.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 12,250 shares of company stock worth $436,228 and sold 2,750 shares worth $103,725. Company insiders own 2.00% of the company's stock.