4,167 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Bought by Xponance Inc.

Xponance Inc. bought a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,167 shares of the savings and loans company's stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP increased its stake in Pathward Financial by 31.7% during the fourth quarter. Royce & Associates LP now owns 16,614 shares of the savings and loans company's stock worth $1,222,000 after purchasing an additional 4,000 shares during the period. Natixis Advisors LLC purchased a new stake in Pathward Financial during the 4th quarter worth approximately $1,739,000. Amundi lifted its holdings in Pathward Financial by 186.7% during the 4th quarter. Amundi now owns 12,607 shares of the savings and loans company's stock worth $939,000 after buying an additional 8,210 shares in the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in Pathward Financial in the 4th quarter valued at approximately $3,734,999,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Pathward Financial in the fourth quarter worth $279,000. Hedge funds and other institutional investors own 92.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CASH shares. Keefe, Bruyette & Woods increased their price objective on Pathward Financial from $76.00 to $90.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler reduced their price target on Pathward Financial from $94.00 to $91.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 22nd.

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Pathward Financial Stock Up 0.3 %

NASDAQ CASH traded up $0.23 on Monday, hitting $72.95. 167,378 shares of the stock were exchanged, compared to its average volume of 184,967. Pathward Financial, Inc. has a fifty-two week low of $48.15 and a fifty-two week high of $86.00. The company has a 50-day moving average price of $76.70 and a 200-day moving average price of $75.49. 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 has a market cap of $1.74 billion, a PE ratio of 10.63 and a beta of 0.69.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its earnings results 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. The firm had revenue of $173.51 million during the quarter, compared to the consensus estimate of $173.27 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The company's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Sell-side analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently announced 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. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 13th. Pathward Financial's dividend payout ratio (DPR) is presently 2.92%.

About Pathward Financial

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.