KLP Kapitalforvaltning AS Takes Position in Pathward Financial, Inc. (NASDAQ:CASH)

KLP Kapitalforvaltning AS bought a new position in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,600 shares of the savings and loans company's stock, valued at approximately $633,000.

Several other institutional investors also recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. acquired a new position in Pathward Financial in the fourth quarter valued at $3,734,999,000. Revolve Wealth Partners LLC purchased a new stake in Pathward Financial in the 4th quarter valued at about $267,437,000. FMR LLC increased its stake in shares of Pathward Financial by 6.9% during the 3rd quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company's stock valued at $135,471,000 after acquiring an additional 132,067 shares during the last quarter. State Street Corp increased its stake in shares of 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 acquiring an additional 17,004 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Pathward Financial by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company's stock worth $46,206,000 after acquiring an additional 18,936 shares during the period. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Pathward Financial Trading Up 0.2 %

CASH stock traded up $0.11 during trading on Monday, reaching $67.64. 403,165 shares of the stock traded hands, compared to its average volume of 186,595. The firm has a market capitalization of $1.61 billion, a PE ratio of 9.86 and a beta of 0.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The business's 50 day moving average price is $75.90 and its 200-day moving average price is $75.59. Pathward Financial, Inc. has a 52-week low of $48.15 and a 52-week high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.05. The business had revenue of $173.51 million during the quarter, compared to analysts' expectations of $173.27 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 EPS. As a group, sell-side analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Announces Dividend

The firm 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. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial's payout ratio is currently 2.92%.

Analysts Set New Price Targets

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