Jump Financial LLC Trims Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

Jump Financial LLC cut its position in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 59.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,771 shares of the savings and loans company's stock after selling 11,581 shares during the quarter. Jump Financial LLC's holdings in Pathward Financial were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. acquired a new position in Pathward Financial in the 4th quarter valued at about $3,734,999,000. Revolve Wealth Partners LLC acquired a new position in shares of Pathward Financial in the fourth quarter worth $267,437,000. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 195,331 shares in the last quarter. FMR LLC boosted its holdings in Pathward Financial by 7.4% in the fourth quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company's stock valued at $162,141,000 after purchasing an additional 151,316 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Pathward Financial during the 4th quarter worth $10,865,000. Hedge funds and other institutional investors own 92.66% of the company's stock.

Pathward Financial Stock Down 0.5 %

NASDAQ CASH traded down $0.36 on Friday, hitting $78.96. 221,487 shares of the stock were exchanged, compared to its average volume of 195,017. Pathward Financial, Inc. has a fifty-two week low of $50.00 and a fifty-two week high of $86.00. The company has a 50-day moving average price of $73.14 and a 200-day moving average price of $76.05. The company has a market cap of $1.88 billion, a PE ratio of 11.51 and a beta of 0.44. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 EPS for the quarter, beating the consensus estimate of $2.71 by $0.40. The firm had revenue of $262.90 million for the quarter, compared to analyst estimates of $256.30 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. During the same quarter in the prior year, the company posted $2.56 earnings per share. Sell-side analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial's dividend payout ratio (DPR) is presently 2.70%.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target on Pathward Financial from $91.00 to $94.00 and gave the company an "overweight" rating in a research report on Wednesday.

Pathward Financial Company 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.