Dynamic Technology Lab Private Ltd Cuts Position in Pathward Financial, Inc. (NASDAQ:CASH)

Dynamic Technology Lab Private Ltd reduced its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,780 shares of the savings and loans company's stock after selling 4,099 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Pathward Financial were worth $499,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CASH. Point72 DIFC Ltd acquired a new position in shares of Pathward Financial in the 3rd quarter valued at $35,000. Smartleaf Asset Management LLC raised its holdings in shares of 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 valued at $41,000 after buying an additional 414 shares during the last quarter. KBC Group NV raised its holdings in shares of Pathward Financial by 45.8% in the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock valued at $104,000 after buying an additional 445 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Pathward Financial during the fourth quarter worth about $210,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Pathward Financial during the third quarter worth about $264,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Pathward Financial Price Performance

Shares of NASDAQ CASH traded up $0.46 during trading on Monday, reaching $68.25. The company had a trading volume of 21,419 shares, compared to its average volume of 189,582. 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, Inc. has a twelve month low of $48.15 and a twelve month high of $86.00. The stock has a 50-day moving average price of $74.55 and a two-hundred day moving average price of $75.63. The stock has a market capitalization of $1.63 billion, a PE ratio of 9.95 and a beta of 0.44.

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

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. Pathward Financial's payout ratio is currently 2.92%.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their target price on Pathward Financial from $94.00 to $91.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 22nd.

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.