Pathward Financial, Inc. (NASDAQ:CASH) Shares Bought by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. grew its position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,815 shares of the savings and loans company's stock after purchasing an additional 33,000 shares during the quarter. Mawer Investment Management Ltd. owned approximately 1.07% of Pathward Financial worth $19,044,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CASH. Point72 DIFC Ltd acquired a new stake in Pathward Financial in the third quarter valued at approximately $35,000. Smartleaf Asset Management LLC grew its stake in Pathward Financial by 302.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock valued at $41,000 after acquiring an additional 414 shares during the period. KBC Group NV increased its holdings in Pathward Financial by 45.8% in the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock worth $104,000 after acquiring an additional 445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Pathward Financial during the third quarter worth $94,000. Finally, Pictet Asset Management Holding SA purchased a new position in Pathward Financial during the fourth quarter valued at $210,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Pathward Financial Price Performance

Shares of NASDAQ CASH traded down $4.38 during mid-day trading on Thursday, reaching $71.05. The company's stock had a trading volume of 76,579 shares, compared to its average volume of 184,144. The stock has a market capitalization of $1.69 billion, a P/E ratio of 10.36 and a beta of 0.69. Pathward Financial, Inc. has a 1-year low of $48.15 and a 1-year high of $86.00. The stock has a 50-day moving average of $76.58 and a two-hundred day moving average of $75.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77.

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 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 for the quarter, compared to analysts' expectations of $173.27 million. During the same period in the previous year, the firm posted $1.06 EPS. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CASH. Piper Sandler reduced 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. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $76.00 to $90.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th.

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.