Pathward Financial, Inc. (NASDAQ:CASH) Stake Lifted by Amundi

Amundi lifted its position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 186.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,607 shares of the savings and loans company's stock after acquiring an additional 8,210 shares during the period. Amundi owned about 0.05% of Pathward Financial worth $939,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Pathward Financial during the fourth quarter worth $3,734,999,000. Raymond James Financial Inc. bought a new stake in shares of Pathward Financial during the 4th quarter valued at about $279,000. Victory Capital Management Inc. grew its position in shares of Pathward Financial by 77.0% during the 4th quarter. Victory Capital Management Inc. now owns 41,728 shares of the savings and loans company's stock valued at $3,070,000 after buying an additional 18,156 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Pathward Financial by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,455 shares of the savings and loans company's stock worth $24,388,000 after acquiring an additional 3,042 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in Pathward Financial by 302.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock worth $41,000 after acquiring an additional 414 shares during the last quarter. 92.66% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

CASH has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their target price on 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 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

Shares of CASH stock traded up $0.92 during trading hours on Friday, reaching $74.15. The stock had a trading volume of 744,690 shares, compared to its average volume of 171,858. The firm has a market capitalization of $1.77 billion, a PE ratio of 10.81 and a beta of 0.69. The firm has a 50-day simple moving average of $76.93 and a 200-day simple moving average of $75.09. Pathward Financial, Inc. has a twelve month low of $48.15 and a twelve month high of $86.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76.

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

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.27%. 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.