Arrowstreet Capital Limited Partnership Has $2.11 Million Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Arrowstreet Capital Limited Partnership lowered its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 86.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,664 shares of the savings and loans company's stock after selling 189,607 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.12% of Pathward Financial worth $2,109,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pinnacle Wealth Planning Services Inc. acquired a new stake in Pathward Financial during the fourth quarter worth about $3,734,999,000. Revolve Wealth Partners LLC acquired a new position in Pathward Financial in the fourth quarter valued at about $267,437,000. JPMorgan Chase & Co. grew its holdings in shares of Pathward Financial by 52.2% in the 4th quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company's stock valued at $41,885,000 after buying an additional 195,331 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Pathward Financial during the 4th quarter worth approximately $10,865,000. Finally, American Century Companies Inc. lifted its holdings in shares of Pathward Financial by 10.8% in the fourth quarter. American Century Companies Inc. now owns 643,150 shares of the savings and loans company's stock valued at $47,323,000 after purchasing an additional 62,931 shares in the last quarter. 92.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price objective on Pathward Financial from $94.00 to $91.00 and set an "overweight" rating for the company in a report on Wednesday, January 22nd.

Pathward Financial Stock Performance

NASDAQ:CASH traded down $0.13 on Wednesday, hitting $70.19. The company's stock had a trading volume of 19,855 shares, compared to its average volume of 189,683. Pathward Financial, Inc. has a one year low of $48.15 and a one year high of $86.00. The firm has a market capitalization of $1.67 billion, a P/E ratio of 10.23 and a beta of 0.44. The stock has a fifty day moving average of $74.08 and a two-hundred day moving average of $75.63. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The business had revenue of $173.51 million during the quarter, compared to the consensus estimate of $173.27 million. During the same quarter last year, the firm posted $1.06 EPS. The company's quarterly revenue was up 6.6% on a year-over-year basis. Research analysts predict 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 was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were issued a $0.05 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.28%. Pathward Financial's dividend payout ratio is currently 2.92%.

Pathward Financial 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.