Geode Capital Management LLC Buys 11,654 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Geode Capital Management LLC boosted its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 711,538 shares of the savings and loans company's stock after purchasing an additional 11,654 shares during the period. Geode Capital Management LLC owned approximately 2.95% of Pathward Financial worth $52,365,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Pathward Financial in the fourth quarter worth approximately $3,734,999,000. Revolve Wealth Partners LLC purchased a new position in Pathward Financial during the 4th quarter worth approximately $267,437,000. State Street Corp raised its stake in Pathward Financial by 1.4% during the 3rd 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. 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. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Pathward Financial by 52.2% in the fourth quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company's stock valued at $41,885,000 after purchasing an additional 195,331 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler dropped their price target 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.

Pathward Financial Stock Down 0.2 %

Pathward Financial stock traded down $0.17 during trading hours on Friday, hitting $70.33. The company had a trading volume of 274,437 shares, compared to its average volume of 191,888. The firm's fifty day moving average is $73.52 and its 200-day moving average is $75.66. The firm has a market capitalization of $1.68 billion, a P/E ratio of 10.25 and a beta of 0.44. Pathward Financial, Inc. has a fifty-two week low of $48.76 and a fifty-two week 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 data on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $173.27 million. During the same period last year, the company earned $1.06 earnings per share. Pathward Financial's quarterly revenue was up 6.6% compared to the same quarter last year. On average, research analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 dividend on an annualized basis and a yield of 0.28%. Pathward Financial's dividend 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.