Duality Advisers LP Makes New $203,000 Investment in Pathward Financial, Inc. (NASDAQ:CASH)

Duality Advisers LP purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASH) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,826 shares of the savings and loans company’s stock, valued at approximately $203,000.

Other institutional investors also recently modified their holdings of the company. Carmel Capital Partners LLC bought a new stake in shares of Pathward Financial in the third quarter valued at about $36,000. Harvest Fund Management Co. Ltd raised its holdings in Pathward Financial by 170.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,696 shares of the savings and loans company’s stock worth $78,000 after acquiring an additional 1,070 shares in the last quarter. Cottage Street Advisors LLC raised its holdings in Pathward Financial by 60.9% during the fourth quarter. Cottage Street Advisors LLC now owns 2,114 shares of the savings and loans company’s stock worth $112,000 after acquiring an additional 800 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Pathward Financial by 24.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,535 shares of the savings and loans company’s stock worth $134,000 after acquiring an additional 500 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Pathward Financial during the third quarter worth about $152,000. 92.66% of the stock is currently owned by institutional investors.

Pathward Financial Price Performance

Shares of NASDAQ CASH opened at $52.14 on Friday. The business’s 50 day moving average price is $50.04 and its two-hundred day moving average price is $50.11. The company has a market cap of $1.33 billion, a PE ratio of 7.83 and a beta of 0.71. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 0.05. Pathward Financial, Inc. has a twelve month low of $41.34 and a twelve month high of $60.49.

Pathward Financial (NASDAQ:CASH) last posted its earnings results on Wednesday, April 24th. The savings and loans company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.37 by $0.19. The company had revenue of $247.25 million for the quarter, compared to the consensus estimate of $240.46 million. Pathward Financial had a return on equity of 25.58% and a net margin of 22.90%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share. On average, analysts predict that Pathward Financial, Inc. will post 6.32 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Monday, March 11th. Pathward Financial’s dividend payout ratio (DPR) is currently 3.00%.

Insiders Place Their Bets

In other Pathward Financial news, President Anthony M. Sharett sold 1,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.50, for a total transaction of $47,500.00. Following the completion of the sale, the president now directly owns 33,146 shares in the company, valued at $1,574,435. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods dropped their target price on Pathward Financial from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Piper Sandler dropped their target price on Pathward Financial from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th.

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.