XTX Topco Ltd Acquires Shares of 12,470 Pathward Financial, Inc. (NASDAQ:CASH)

XTX Topco Ltd purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,470 shares of the savings and loans company's stock, valued at approximately $918,000. XTX Topco Ltd owned about 0.05% of Pathward Financial at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CASH. Smartleaf Asset Management LLC increased its position in shares of Pathward Financial by 302.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock worth $41,000 after buying an additional 414 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Pathward Financial by 726.8% in the fourth quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company's stock valued at $43,000 after buying an additional 516 shares in the last quarter. KBC Group NV boosted its stake in Pathward Financial by 45.8% during the 4th 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 last quarter. Bank of Montreal Can bought a new position in shares of Pathward Financial in the fourth quarter valued at approximately $201,000. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Pathward Financial during the fourth quarter valued at approximately $210,000. Institutional investors own 92.66% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their target price on shares of Pathward Financial from $94.00 to $91.00 and set an "overweight" rating for the company in a research note on Wednesday, January 22nd.

Pathward Financial Stock Performance

Pathward Financial stock traded down $0.17 during midday trading on Friday, reaching $70.33. The stock had a trading volume of 274,437 shares, compared to its average volume of 192,046. The firm has a market capitalization of $1.68 billion, a PE ratio of 10.25 and a beta of 0.44. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. The firm's 50-day moving average price is $73.52 and its 200 day moving average price is $75.66. Pathward Financial, Inc. has a 12 month low of $50.00 and a 12 month high of $86.00.

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

Pathward Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.28%. The ex-dividend date was Thursday, March 13th. Pathward Financial's dividend payout ratio is presently 2.92%.

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.