Pathward Financial (NASDAQ:CASH – Get Free Report) updated its FY 2023 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 6.300-6.600 for the period, compared to the consensus estimate of 6.320. The company issued revenue guidance of -. Pathward Financial also updated its FY24 guidance to $6.30-6.60 EPS.
Analyst Upgrades and Downgrades
Several research firms have commented on CASH. Piper Sandler dropped their price objective on shares of Pathward Financial from $69.00 to $68.00 and set an overweight rating on the stock in a report on Thursday, January 25th. Keefe, Bruyette & Woods lowered their price target on shares of Pathward Financial from $60.00 to $58.00 and set a market perform rating on the stock in a report on Friday, April 5th.
Check Out Our Latest Research Report on Pathward Financial
Pathward Financial Price Performance
Pathward Financial (NASDAQ:CASH – Get Free Report) last announced its earnings results on Wednesday, January 24th. The savings and loans company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.17). The company had revenue of $162.80 million for the quarter, compared to the consensus estimate of $166.45 million. Pathward Financial had a net margin of 22.22% and a return on equity of 24.97%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. On average, equities research analysts forecast that Pathward Financial will post 6.32 earnings per share for the current year.
Pathward Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.39%. Pathward Financial’s dividend payout ratio is presently 3.28%.
Insider Buying and Selling at Pathward Financial
In other news, President Anthony M. Sharett sold 1,000 shares of Pathward Financial stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $47.50, for a total value of $47,500.00. Following the transaction, the president now owns 33,146 shares in the company, valued at $1,574,435. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.72% of the company’s stock.
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.
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