Rhumbline Advisers decreased its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH – Free Report) by 0.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 71,684 shares of the savings and loans company’s stock after selling 606 shares during the quarter. Rhumbline Advisers’ holdings in Pathward Financial were worth $5,274,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in CASH. HighTower Advisors LLC raised its position in Pathward Financial by 7.0% during the 3rd quarter. HighTower Advisors LLC now owns 6,032 shares of the savings and loans company’s stock worth $397,000 after buying an additional 393 shares during the last quarter. KBC Group NV grew its holdings in Pathward Financial by 45.8% in the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock valued at $104,000 after purchasing an additional 445 shares during the period. Point72 DIFC Ltd purchased a new stake in Pathward Financial during the third quarter valued at about $35,000. Intech Investment Management LLC increased its position in shares of Pathward Financial by 5.3% in the third quarter. Intech Investment Management LLC now owns 11,453 shares of the savings and loans company’s stock worth $756,000 after acquiring an additional 579 shares in the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. grew its stake in shares of Pathward Financial by 1.3% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 54,849 shares of the savings and loans company’s stock valued at $3,621,000 after buying an additional 700 shares in the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
CASH has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler dropped their price objective on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd.
Check Out Our Latest Research Report on Pathward Financial
Pathward Financial Price Performance
Shares of CASH opened at $77.10 on Friday. Pathward Financial, Inc. has a twelve month low of $46.68 and a twelve month high of $86.00. The firm’s 50 day moving average price is $77.31 and its 200 day moving average price is $74.18. The firm has a market cap of $1.84 billion, a PE ratio of 11.24 and a beta of 0.73. 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 (NASDAQ:CASH – Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $173.51 million during the quarter, compared to analysts’ expectations of $173.27 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. Pathward Financial’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 earnings per share. As a group, research analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.
Pathward Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.26%. Pathward Financial’s dividend payout ratio is currently 2.92%.
Pathward Financial Profile
(Free Report)
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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