Victory Capital Management Inc. Buys 18,156 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Victory Capital Management Inc. lifted its position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 77.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,728 shares of the savings and loans company's stock after purchasing an additional 18,156 shares during the quarter. Victory Capital Management Inc. owned approximately 0.17% of Pathward Financial worth $3,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CASH. Charles Schwab Investment Management Inc. boosted its position in shares of Pathward Financial by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,455 shares of the savings and loans company's stock valued at $24,388,000 after acquiring an additional 3,042 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 valued at $41,000 after purchasing an additional 414 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Pathward Financial by 17.0% during the fourth quarter. Handelsbanken Fonder AB now owns 6,200 shares of the savings and loans company's stock valued at $456,000 after purchasing an additional 900 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Pathward Financial by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 120,731 shares of the savings and loans company's stock worth $8,883,000 after buying an additional 2,816 shares in the last quarter. Finally, Meritage Portfolio Management bought a new position in shares of Pathward Financial during the 4th quarter worth approximately $435,000. 92.66% of the stock is currently owned by institutional investors.

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Pathward Financial Price Performance

Shares of CASH traded down $0.33 on Thursday, hitting $73.34. The company's stock had a trading volume of 91,739 shares, compared to its average volume of 170,116. The company has a 50 day moving average price of $76.92 and a 200 day moving average price of $75.02. Pathward Financial, Inc. has a fifty-two week low of $48.00 and a fifty-two week high of $86.00. The company has a market capitalization of $1.75 billion, a PE ratio of 10.76 and a beta of 0.69. 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 posted its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $173.27 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The business's revenue was up 6.6% on a year-over-year basis. On average, research analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Thursday, March 13th. Pathward Financial's dividend payout ratio is currently 2.92%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CASH shares. Keefe, Bruyette & Woods upped their price target on Pathward Financial from $76.00 to $90.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Piper Sandler dropped their target price on shares of Pathward Financial from $94.00 to $91.00 and set an "overweight" rating for the company in a research 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.