Pathward Financial (CASH) Set to Announce Earnings on Wednesday

Pathward Financial (NASDAQ:CASH) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $2.37 per share for the quarter. Pathward Financial has set its FY24 guidance at $6.20-6.70 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings data on Wednesday, January 24th. The savings and loans company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.17). The firm had revenue of $162.80 million for the quarter, compared to analyst estimates of $166.45 million. Pathward Financial had a return on equity of 24.97% and a net margin of 22.22%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 earnings per share. On average, analysts expect Pathward Financial to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Pathward Financial Trading Down 0.3 %

CASH stock opened at $48.53 on Wednesday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 7.97 and a beta of 0.71. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $50.13 and a 200-day simple moving average of $49.96. Pathward Financial has a 52 week low of $39.90 and a 52 week high of $60.49.

Pathward Financial Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, March 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. Pathward Financial’s payout ratio is 3.28%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CASH shares. Piper Sandler dropped their price objective on 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 lowered their price target on Pathward Financial from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Friday, April 5th.

Insider Activity at Pathward Financial

In related news, President Anthony M. Sharett sold 1,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.50, for a total value of $47,500.00. Following the completion of the sale, the president now directly owns 33,146 shares in the company, valued at approximately $1,574,435. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Pathward Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Pathward Financial by 0.6% in the 3rd quarter. BlackRock Inc. now owns 4,310,058 shares of the savings and loans company’s stock valued at $142,061,000 after buying an additional 26,190 shares during the last quarter. Vanguard Group Inc. boosted its position in Pathward Financial by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,995,538 shares of the savings and loans company’s stock valued at $65,772,000 after buying an additional 54,842 shares during the last quarter. State Street Corp boosted its position in Pathward Financial by 9.1% in the 1st quarter. State Street Corp now owns 1,619,290 shares of the savings and loans company’s stock valued at $89,010,000 after buying an additional 134,591 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Pathward Financial by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,493,571 shares of the savings and loans company’s stock valued at $61,966,000 after buying an additional 24,807 shares during the last quarter. Finally, Harbor Advisors LLC purchased a new position in Pathward Financial in the 2nd quarter valued at about $81,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

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.