Kennedy Capital Management LLC Purchases Shares of 25,707 Pathward Financial, Inc. (NASDAQ:CASH)

Kennedy Capital Management LLC purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 25,707 shares of the savings and loans company's stock, valued at approximately $1,892,000. Kennedy Capital Management LLC owned about 0.11% of Pathward Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Pathward Financial in the fourth quarter valued at approximately $3,734,999,000. Revolve Wealth Partners LLC acquired a new position in Pathward Financial in the fourth quarter valued at approximately $267,437,000. FMR LLC grew 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 worth $162,141,000 after purchasing an additional 151,316 shares during the period. State Street Corp increased its stake in Pathward Financial by 1.4% in 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 in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Pathward Financial by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 711,538 shares of the savings and loans company's stock valued at $52,365,000 after purchasing an additional 11,654 shares during the period. Institutional investors and hedge funds own 92.66% of the company's stock.

Pathward Financial Stock Down 0.2 %

NASDAQ:CASH traded down $0.17 on Friday, hitting $70.33. The stock had a trading volume of 274,437 shares, compared to its average volume of 191,888. The stock has a market cap of $1.68 billion, a P/E ratio of 10.25 and a beta of 0.44. 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's fifty day simple moving average is $73.52 and its two-hundred day simple moving average is $75.66. Pathward Financial, Inc. has a 1 year low of $48.76 and a 1 year high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $173.27 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. Pathward Financial's revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were given a $0.05 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. Pathward Financial's dividend payout ratio (DPR) is currently 2.92%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut their target price on Pathward Financial from $94.00 to $91.00 and set an "overweight" rating on the stock 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.