Pathward Financial, Inc. (NASDAQ:CASH) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 52.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 46,412 shares of the savings and loans company's stock after acquiring an additional 16,032 shares during the period. Alliancebernstein L.P. owned approximately 0.19% of Pathward Financial worth $3,415,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. purchased a new position in Pathward Financial in the fourth quarter worth about $3,734,999,000. Revolve Wealth Partners LLC purchased a new position in Pathward Financial in the fourth quarter worth about $267,437,000. State Street Corp boosted its holdings in shares of 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 worth $84,218,000 after buying an additional 17,004 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 last quarter. Finally, American Century Companies Inc. lifted its position in Pathward Financial by 10.8% during 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. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Pathward Financial Price Performance

Shares of Pathward Financial stock traded down $0.17 during trading hours on Friday, reaching $70.33. The company's stock had a trading volume of 274,437 shares, compared to its average volume of 192,046. The stock has a market cap of $1.68 billion, a P/E ratio of 10.25 and a beta of 0.44. Pathward Financial, Inc. has a one year low of $50.00 and a one year high of $86.00. The firm has a 50 day moving average price of $73.52 and a 200-day moving average price of $75.74. 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 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 company 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 company posted $1.06 EPS. Pathward Financial's quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial's payout ratio is 2.92%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their price objective on shares of Pathward Financial from $94.00 to $91.00 and set an "overweight" rating for the company in a research note on Wednesday, January 22nd.

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.