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 Stock Down 0.8 %

Pathward Financial stock opened at $34.20 on Monday. 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 12-month low of $31.16 and a 12-month high of $65.96. The firm's fifty day moving average is $39.17 and its 200 day moving average is $46.66. The company has a market capitalization of $1.00 billion, a PE ratio of 6.95 and a beta of 0.86.

Pathward Financial (NASDAQ:CASH - Get Rating) last released its earnings results on Wednesday, July 27th. The savings and loans company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.09. Pathward Financial had a net margin of 24.47% and a return on equity of 14.73%. The company had revenue of $126.15 million for the quarter, compared to the consensus estimate of $130.08 million. During the same quarter in the previous year, the company earned $1.21 EPS. Pathward Financial's quarterly revenue was down 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that Pathward Financial will post 4.14 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. Pathward Financial's dividend payout ratio (DPR) is presently 4.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CASH shares. Raymond James lowered shares of Pathward Financial from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $70.00 to $46.00 in a report on Thursday, July 7th. Keefe, Bruyette & Woods lowered shares of Pathward Financial from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $67.00 to $45.00 in a report on Thursday, July 28th. Piper Sandler reduced their target price on shares of Pathward Financial from $72.00 to $61.00 and set an "overweight" rating on the stock in a report on Monday, July 11th. B. Riley reduced their target price on shares of Pathward Financial from $55.00 to $48.00 in a report on Thursday, July 28th. Finally, StockNews.com raised shares of Pathward Financial from a "sell" rating to a "hold" rating in a report on Monday, August 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $50.00.

Insider Transactions at Pathward Financial

In other news, CEO Brett L. Pharr bought 2,500 shares of Pathward Financial stock in a transaction dated Monday, August 1st. The stock was purchased at an average price of $33.16 per share, for a total transaction of $82,900.00. Following the purchase, the chief executive officer now directly owns 51,875 shares in the company, valued at approximately $1,720,175. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Brett L. Pharr bought 2,500 shares of Pathward Financial stock in a transaction dated Monday, August 1st. The stock was purchased at an average price of $33.16 per share, for a total transaction of $82,900.00. Following the purchase, the chief executive officer now directly owns 51,875 shares in the company, valued at approximately $1,720,175. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Glen William Herrick bought 3,000 shares of Pathward Financial stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average price of $33.46 per share, with a total value of $100,380.00. Following the purchase, the chief financial officer now owns 104,869 shares in the company, valued at $3,508,916.74. The disclosure for this purchase can be found here. Insiders bought a total of 11,000 shares of company stock worth $393,415 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.