Elgethun Capital Management Has $12.25 Million Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Elgethun Capital Management lowered its stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 166,489 shares of the savings and loans company's stock after selling 27,627 shares during the quarter. Pathward Financial comprises approximately 3.0% of Elgethun Capital Management's holdings, making the stock its 7th largest holding. Elgethun Capital Management owned 0.69% of Pathward Financial worth $12,250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its holdings in shares of Pathward Financial by 7.0% in the 3rd quarter. HighTower Advisors LLC now owns 6,032 shares of the savings and loans company's stock worth $397,000 after buying an additional 393 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Pathward Financial during the third quarter worth approximately $35,000. State Street Corp raised its position in Pathward Financial by 1.4% during the third quarter. State Street Corp now owns 1,274,851 shares of the savings and loans company's stock valued at $84,218,000 after purchasing an additional 17,004 shares during the period. Jane Street Group LLC lifted its stake in shares of Pathward Financial by 62.2% in the 3rd quarter. Jane Street Group LLC now owns 48,713 shares of the savings and loans company's stock valued at $3,216,000 after purchasing an additional 18,675 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Pathward Financial by 27.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 6,308 shares of the savings and loans company's stock worth $416,000 after purchasing an additional 1,350 shares during the period. Hedge funds and other institutional investors own 92.66% of the company's stock.

Analyst Ratings Changes

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

Pathward Financial Trading Up 0.9 %

Shares of CASH stock traded up $0.59 on Friday, reaching $67.79. 218,407 shares of the company's stock were exchanged, compared to its average volume of 189,768. The company's fifty day simple moving average is $74.55 and its 200 day simple moving average is $75.56. Pathward Financial, Inc. has a 52 week low of $48.15 and a 52 week high of $86.00. 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 market capitalization of $1.62 billion, a PE ratio of 9.88 and a beta of 0.44.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The business 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%. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. As a group, analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.30%. Pathward Financial's dividend payout ratio (DPR) is 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.