Revolve Wealth Partners LLC Purchases Shares of 3,634,641 Pathward Financial, Inc. (NASDAQ:CASH)

Revolve Wealth Partners LLC acquired a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,634,641 shares of the savings and loans company's stock, valued at approximately $267,437,000. Pathward Financial comprises 28.1% of Revolve Wealth Partners LLC's portfolio, making the stock its largest holding. Revolve Wealth Partners LLC owned approximately 15.07% of Pathward Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new position in Pathward Financial in the third quarter worth approximately $476,000. Foundry Partners LLC increased its holdings in shares of Pathward Financial by 59.3% in the 3rd quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company's stock valued at $8,678,000 after acquiring an additional 48,917 shares during the period. Geode Capital Management LLC raised its holdings in Pathward Financial by 2.8% in the third quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company's stock worth $46,206,000 after purchasing an additional 18,936 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Pathward Financial by 83.1% during the 2nd quarter. Algert Global LLC now owns 80,376 shares of the savings and loans company's stock valued at $4,547,000 after purchasing an additional 36,475 shares during the last quarter. Finally, RMR Wealth Builders raised its stake in Pathward Financial by 88.3% in the fourth quarter. RMR Wealth Builders now owns 40,406 shares of the savings and loans company's stock valued at $2,973,000 after buying an additional 18,947 shares during the last quarter. 92.66% of the stock is owned by hedge funds and other institutional investors.

Pathward Financial Price Performance

CASH traded down $0.82 during trading on Friday, hitting $79.62. The company's stock had a trading volume of 107,397 shares, compared to its average volume of 187,010. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 11.60 and a beta of 0.72. The business's fifty day simple moving average is $78.44 and its 200 day simple moving average is $72.10. Pathward Financial, Inc. has a twelve month low of $46.68 and a twelve month 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, 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 company had revenue of $173.51 million during the quarter, compared to analyst estimates of $173.27 million. During the same period in the previous year, the business earned $1.06 EPS. Pathward Financial's quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Pathward Financial's dividend payout ratio is currently 2.92%.

Insider Buying and Selling

In other news, CFO Greg Sigrist sold 2,250 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following the completion of the transaction, the chief financial officer now directly owns 9,644 shares in the company, valued at $777,306.40. This trade represents a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler reduced their price objective on Pathward Financial from $94.00 to $91.00 and set an "overweight" rating for the company in a research note 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.