EAM Investors LLC Acquires Shares of 47,121 Pathward Financial, Inc. (NASDAQ:CASH)

EAM Investors LLC bought a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 47,121 shares of the savings and loans company's stock, valued at approximately $3,467,000. EAM Investors LLC owned about 0.20% of Pathward Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Pathward Financial by 302.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock worth $41,000 after purchasing an additional 414 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Pathward Financial by 726.8% in the 4th quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company's stock valued at $43,000 after buying an additional 516 shares during the period. KBC Group NV grew its holdings in Pathward Financial by 45.8% in the 4th 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 period. Bank of Montreal Can acquired a new position in shares of Pathward Financial during the 4th quarter valued at about $201,000. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Pathward Financial during the 4th quarter worth about $210,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Pathward Financial Trading Down 0.2 %

Shares of CASH traded down $0.17 during trading hours on Friday, hitting $70.33. The stock had a trading volume of 274,437 shares, compared to its average volume of 191,888. The company's fifty day simple moving average is $73.52 and its 200 day simple moving average is $75.66. Pathward Financial, Inc. has a 12-month low of $48.76 and a 12-month high of $86.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. The firm has a market cap of $1.68 billion, a P/E ratio of 10.25 and a beta of 0.44.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its quarterly earnings data 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. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company had revenue of $173.51 million for the quarter, compared to the consensus estimate of $173.27 million. During the same period last year, the business posted $1.06 EPS. The company's quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were paid a dividend of $0.05 per share. 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%.

Analyst Ratings Changes

Separately, Piper Sandler lowered their target price on shares of 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 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.