Pathward Financial, Inc. (NASDAQ:CASH) to Issue $0.05 Quarterly Dividend

Pathward Financial, Inc. (NASDAQ:CASH - Get Free Report) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.05 per share by the savings and loans company on Tuesday, April 1st. This represents a $0.20 annualized dividend and a yield of 0.26%. The ex-dividend date is Thursday, March 13th.

Pathward Financial has a dividend payout ratio of 2.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Pathward Financial to earn $8.48 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 2.4%.

Pathward Financial Price Performance

Shares of NASDAQ CASH traded down $1.44 during trading on Monday, hitting $76.07. The company had a trading volume of 152,957 shares, compared to its average volume of 186,736. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. Pathward Financial has a 52 week low of $46.68 and a 52 week high of $86.00. The company has a market cap of $1.81 billion, a P/E ratio of 11.09 and a beta of 0.73. The business's 50-day moving average is $77.39 and its 200 day moving average is $74.48.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.05. The firm had revenue of $173.51 million during the quarter, compared to analyst estimates of $173.27 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The company's revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $1.06 EPS. Equities research analysts predict that Pathward Financial will post 7.26 earnings per share for the current fiscal year.

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Wall Street Analysts Forecast Growth

CASH has been the subject of several recent research reports. Piper Sandler lowered their price target on Pathward Financial from $94.00 to $91.00 and set an "overweight" rating for the company in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target on Pathward Financial from $76.00 to $90.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th.

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.