Pathward Financial, Inc. (NASDAQ:CASH) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,809 shares of the savings and loans company's stock after acquiring an additional 6,301 shares during the period. Vinva Investment Management Ltd owned about 0.46% of Pathward Financial worth $8,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. acquired a new position in Pathward Financial during the 4th quarter valued at approximately $3,734,999,000. Revolve Wealth Partners LLC acquired a new stake in Pathward Financial during the fourth quarter worth about $267,437,000. Assenagon Asset Management S.A. purchased a new position in shares of Pathward Financial during the 4th quarter valued at approximately $10,865,000. FMR LLC increased its stake in shares of Pathward Financial by 6.9% in the 3rd quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company's stock valued at $135,471,000 after purchasing an additional 132,067 shares in the last quarter. Finally, Foundry Partners LLC raised its stake in shares of Pathward Financial by 59.3% during the 3rd quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company's stock worth $8,678,000 after buying an additional 48,917 shares during the period. Institutional investors own 92.66% of the company's stock.

Analysts Set New Price Targets

CASH has been the subject of several recent research reports. 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. Keefe, Bruyette & Woods lifted their price target on shares of Pathward Financial from $76.00 to $90.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th.

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Pathward Financial Stock Up 1.3 %

CASH stock traded up $0.92 during trading on Friday, hitting $74.15. 744,690 shares of the company's stock were exchanged, compared to its average volume of 171,858. 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 business has a 50-day moving average price of $76.93 and a two-hundred day moving average price of $75.09. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 10.81 and a beta of 0.69. Pathward Financial, Inc. has a 52-week low of $48.15 and a 52-week high of $86.00.

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

Pathward Financial Dividend Announcement

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

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.