Teacher Retirement System of Texas Boosts Stake in Pathward Financial, Inc. (NASDAQ:CASH)

Teacher Retirement System of Texas grew its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 19.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,470 shares of the savings and loans company's stock after acquiring an additional 7,364 shares during the period. Teacher Retirement System of Texas owned about 0.19% of Pathward Financial worth $3,346,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in Pathward Financial in the 3rd quarter valued at approximately $35,000. Smartleaf Asset Management LLC raised its position 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 buying an additional 414 shares during the last quarter. KBC Group NV boosted its position 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 valued at $104,000 after purchasing an additional 445 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Pathward Financial in the third quarter valued at approximately $94,000. Finally, Raymond James Financial Inc. bought a new position in Pathward Financial in the 4th quarter valued at about $279,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CASH has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price target 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 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 report on Wednesday, January 22nd.

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Pathward Financial Price Performance

Shares of Pathward Financial stock traded down $2.35 during trading on Friday, hitting $72.72. The stock had a trading volume of 90,591 shares, compared to its average volume of 185,037. 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 cap of $1.73 billion, a price-to-earnings ratio of 10.60 and a beta of 0.69. The business's 50-day moving average is $76.90 and its 200 day moving average is $75.26. Pathward Financial, Inc. has a 12 month low of $48.15 and a 12 month high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (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 firm had revenue of $173.51 million during the quarter, compared to analyst estimates of $173.27 million. During the same quarter in the prior year, the company earned $1.06 EPS. The business's revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

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

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.