Sei Investments Co. Has $2.73 Million Position in Pathward Financial, Inc. (NASDAQ:CASH)

Sei Investments Co. lifted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 40.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,105 shares of the savings and loans company's stock after buying an additional 10,657 shares during the quarter. Sei Investments Co. owned about 0.15% of Pathward Financial worth $2,730,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Point72 DIFC Ltd acquired a new stake in shares of Pathward Financial during the third quarter worth $35,000. Smartleaf Asset Management LLC increased its position in Pathward Financial by 302.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock worth $41,000 after acquiring an additional 414 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Pathward Financial during the third quarter worth about $94,000. KBC Group NV raised its stake 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 purchasing an additional 445 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Pathward Financial in the 3rd quarter valued at about $264,000. Institutional investors own 92.66% of the company's stock.

Pathward Financial Price Performance

Shares of NASDAQ:CASH traded up $2.78 during trading on Wednesday, reaching $70.33. 436,027 shares of the company traded hands, compared to its average volume of 188,954. The firm has a market capitalization of $1.68 billion, a PE ratio of 10.25 and a beta of 0.44. Pathward Financial, Inc. has a 52 week low of $48.15 and a 52 week high of $86.00. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. The company's 50 day moving average is $75.03 and its two-hundred day moving average is $75.52.

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 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The business had revenue of $173.51 million during the quarter, compared to analysts' expectations of $173.27 million. During the same quarter in the prior year, the business posted $1.06 earnings per share. Pathward Financial's revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

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