Pathward Financial, Inc. (CASH) to Issue Quarterly Dividend of $0.05 on April 1st

Pathward Financial, Inc. (NASDAQ:CASH) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Thursday, March 13th will be paid 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 dividend yield of 0.28%. The ex-dividend date is Thursday, March 13th.

Pathward Financial has a dividend payout ratio of 2.4% meaning its dividend is sufficiently covered by earnings. Equities research 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 opened at $71.15 on Tuesday. The firm’s 50 day moving average is $77.23 and its two-hundred day moving average is $74.85. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.70 billion, a P/E ratio of 10.37 and a beta of 0.69. Pathward Financial has a 52 week low of $46.68 and a 52 week high of $86.00.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company had revenue of $173.51 million during the quarter, compared to the consensus estimate of $173.27 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Analysts anticipate that Pathward Financial will post 7.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler lowered their price objective on shares of Pathward Financial from $94.00 to $91.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd.

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.