Virtu Financial LLC Purchases Shares of 3,760 Pathward Financial, Inc. (NASDAQ:CASH)

Virtu Financial LLC acquired a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,760 shares of the savings and loans company's stock, valued at approximately $277,000.

Other large investors also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in shares of Pathward Financial in the 3rd quarter valued at approximately $35,000. Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 414 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Pathward Financial in the third quarter valued at approximately $94,000. KBC Group NV lifted its stake 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 worth $104,000 after purchasing an additional 445 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Pathward Financial during the third quarter worth $264,000. Institutional investors and hedge funds own 92.66% of the company's stock.

Pathward Financial Stock Down 0.1 %

Shares of Pathward Financial stock traded down $0.05 during trading hours on Monday, reaching $72.68. 52,756 shares of the company were exchanged, compared to its average volume of 192,319. The firm has a market cap of $1.73 billion, a PE ratio of 10.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. Pathward Financial, Inc. has a 1 year low of $48.15 and a 1 year high of $86.00. The stock's fifty day moving average is $76.80 and its 200 day moving average is $75.43.

Remove Ads

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its quarterly earnings results 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. The company 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%. Pathward Financial's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 EPS. As a group, equities research analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is 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 is currently 2.92%.

Analyst Upgrades and Downgrades

CASH has been the topic of several research analyst reports. Piper Sandler cut their price objective on Pathward Financial from $94.00 to $91.00 and set an "overweight" rating on the stock in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target 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.

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.