Pathward Financial, Inc. (NASDAQ:CASH) Stock Position Trimmed by Phocas Financial Corp.

Phocas Financial Corp. lessened its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 85.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,118 shares of the savings and loans company's stock after selling 148,189 shares during the quarter. Pathward Financial comprises approximately 1.4% of Phocas Financial Corp.'s portfolio, making the stock its 9th biggest position. Phocas Financial Corp. owned about 0.11% of Pathward Financial worth $1,922,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in Pathward Financial by 7.0% during the third quarter. HighTower Advisors LLC now owns 6,032 shares of the savings and loans company's stock worth $397,000 after acquiring an additional 393 shares during the period. KBC Group NV grew its holdings in Pathward Financial by 45.8% during the fourth 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 during the period. Point72 DIFC Ltd acquired a new position in Pathward Financial during the third quarter worth $35,000. Intech Investment Management LLC grew its holdings in Pathward Financial by 5.3% during the third quarter. Intech Investment Management LLC now owns 11,453 shares of the savings and loans company's stock worth $756,000 after acquiring an additional 579 shares during the period. Finally, Rosenthal Henry Capital Advisors Inc. grew its holdings in Pathward Financial by 1.3% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 54,849 shares of the savings and loans company's stock worth $3,621,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 92.66% of the company's stock.

Pathward Financial Price Performance

Pathward Financial stock traded up $0.05 during trading hours on Wednesday, hitting $77.47. The stock had a trading volume of 129,352 shares, compared to its average volume of 183,550. 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 stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 11.29 and a beta of 0.73. Pathward Financial, Inc. has a 1-year low of $46.68 and a 1-year high of $86.00. The stock's fifty day moving average is $77.21 and its two-hundred day moving average is $74.14.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on CASH shares. Keefe, Bruyette & Woods upped their price objective on Pathward Financial from $76.00 to $90.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Piper Sandler lowered 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 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.