FY2022 EPS Estimates for Pathward Financial, Inc. (NASDAQ:CASH) Lowered by B. Riley

Pathward Financial, Inc. (NASDAQ:CASHGet Rating) – Stock analysts at B. Riley decreased their FY2022 earnings estimates for shares of Pathward Financial in a research report issued to clients and investors on Thursday, July 28th. B. Riley analyst S. Moss now forecasts that the savings and loans company will earn $3.98 per share for the year, down from their previous estimate of $4.23. The consensus estimate for Pathward Financial’s current full-year earnings is $4.29 per share. B. Riley also issued estimates for Pathward Financial’s Q4 2022 earnings at $0.70 EPS, Q1 2023 earnings at $0.81 EPS, Q2 2023 earnings at $1.71 EPS, Q3 2023 earnings at $1.44 EPS, Q4 2023 earnings at $1.31 EPS and FY2023 earnings at $5.25 EPS.

Other equities research analysts have also issued reports about the stock. 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. 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. 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. Finally, StockNews.com lowered shares of Pathward Financial from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Pathward Financial currently has an average rating of “Hold” and a consensus target price of $50.00.

Pathward Financial Stock Performance

Shares of CASH stock opened at $33.72 on Monday. The firm’s 50 day moving average price is $39.75 and its 200-day moving average price is $47.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.65 and a current ratio of 0.65. Pathward Financial has a one year low of $31.16 and a one year high of $65.96. The firm has a market cap of $990.19 million, a P/E ratio of 6.28 and a beta of 0.96.

Pathward Financial (NASDAQ:CASHGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The savings and loans company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. Pathward Financial had a net margin of 26.84% and a return on equity of 15.34%. The firm had revenue of $126.15 million for the quarter, compared to analyst estimates of $130.08 million. During the same period in the prior year, the business posted $1.21 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year.

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, June 8th. Pathward Financial’s dividend payout ratio (DPR) is 3.72%.

Insiders Place Their Bets

In other Pathward Financial news, CEO Brett L. Pharr acquired 2,500 shares of the stock in a transaction on Tuesday, June 14th. The shares were bought at an average cost of $37.25 per share, with a total value of $93,125.00. Following the transaction, the chief executive officer now owns 46,875 shares of the company’s stock, valued at approximately $1,746,093.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Pathward Financial news, CEO Brett L. Pharr acquired 2,500 shares of the stock in a transaction on Tuesday, June 14th. The shares were bought at an average cost of $37.25 per share, with a total value of $93,125.00. Following the transaction, the chief executive officer now owns 46,875 shares of the company’s stock, valued at approximately $1,746,093.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Robert Kramer sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $41.48, for a total transaction of $41,480.00. Following the transaction, the director now directly owns 12,850 shares in the company, valued at $533,018. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Pathward Financial

Hedge funds have recently made changes to their positions in the company. Brown Advisory Inc. acquired a new stake in shares of Pathward Financial in the fourth quarter valued at about $282,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Pathward Financial in the fourth quarter valued at about $947,000. Yousif Capital Management LLC acquired a new stake in shares of Pathward Financial in the fourth quarter valued at about $1,742,000. Assenagon Asset Management S.A. lifted its stake in shares of Pathward Financial by 54.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 52,178 shares of the savings and loans company’s stock valued at $3,113,000 after purchasing an additional 18,372 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Pathward Financial by 47.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,497 shares of the savings and loans company’s stock valued at $268,000 after purchasing an additional 1,453 shares during the period. Institutional investors and hedge funds own 80.28% of the company’s stock.

Pathward Financial Company Profile

(Get Rating)

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.

See Also

Earnings History and Estimates for Pathward Financial (NASDAQ:CASH)

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