Natixis Advisors LLC Acquires Shares of 23,640 Pathward Financial, Inc. (NASDAQ:CASH)

Natixis Advisors LLC bought a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,640 shares of the savings and loans company's stock, valued at approximately $1,739,000. Natixis Advisors LLC owned about 0.10% of Pathward Financial at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of Pathward Financial by 384.6% in the third quarter. Victory Capital Management Inc. now owns 23,572 shares of the savings and loans company's stock worth $1,556,000 after purchasing an additional 18,708 shares during the last quarter. Intech Investment Management LLC increased its stake 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 valued at $756,000 after buying an additional 579 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Pathward Financial by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 328,413 shares of the savings and loans company's stock worth $21,679,000 after acquiring an additional 1,733 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Pathward Financial in the third quarter worth approximately $718,000. Finally, FMR LLC boosted its holdings in Pathward Financial by 6.9% in the third quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company's stock valued at $135,471,000 after acquiring an additional 132,067 shares during the last quarter. 92.66% of the stock is owned by institutional investors.

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Pathward Financial Trading Down 3.1 %

CASH traded down $2.35 during trading on Friday, hitting $72.72. The company's stock had a trading volume of 90,591 shares, compared to its average volume of 185,208. The firm has a market capitalization of $1.73 billion, a P/E ratio of 10.60 and a beta of 0.69. Pathward Financial, Inc. has a twelve month low of $48.15 and a twelve month high of $86.00. 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 stock's fifty day moving average price is $76.90 and its 200-day moving average price is $75.26.

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

Pathward Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Thursday, March 13th. Pathward Financial's dividend payout ratio (DPR) is currently 2.92%.

Wall Street Analyst Weigh In

CASH has been the topic of a number of recent analyst reports. Piper Sandler dropped their price target on shares of Pathward Financial from $94.00 to $91.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price target on Pathward Financial from $76.00 to $90.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th.

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.