American Century Companies Inc. Grows Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

American Century Companies Inc. raised its stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 643,150 shares of the savings and loans company's stock after acquiring an additional 62,931 shares during the period. American Century Companies Inc. owned about 2.67% of Pathward Financial worth $47,323,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. acquired a new stake in Pathward Financial in the 4th quarter valued at about $3,734,999,000. Revolve Wealth Partners LLC bought a new position in Pathward Financial in the fourth quarter valued at approximately $267,437,000. FMR LLC grew its holdings in shares of Pathward Financial by 6.9% during the third quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company's stock worth $135,471,000 after buying an additional 132,067 shares in the last quarter. State Street Corp lifted its position in Pathward Financial by 1.4% during the 3rd quarter. State Street Corp now owns 1,274,851 shares of the savings and loans company's stock worth $84,218,000 after buying an additional 17,004 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Pathward Financial by 2.8% in the third quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company's stock valued at $46,206,000 after buying an additional 18,936 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CASH. Piper Sandler cut 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. Keefe, Bruyette & Woods lifted 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.

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Pathward Financial Stock Down 0.1 %

Shares of NASDAQ:CASH traded down $0.05 during mid-day trading on Monday, hitting $72.68. 52,756 shares of the company traded hands, compared to its average volume of 192,319. 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 stock has a 50-day moving average price of $76.80 and a two-hundred day moving average price of $75.43. Pathward Financial, Inc. has a 12-month low of $48.15 and a 12-month high of $86.00. The stock has a market cap of $1.73 billion, a P/E ratio of 10.59 and a beta of 0.69.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its quarterly earnings results 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 return on equity of 22.02% and a net margin of 21.91%. The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company earned $1.06 earnings per share. On average, equities research analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

The business 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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, March 13th. Pathward Financial's payout ratio is currently 2.92%.

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.