Atria Investments Inc Sells 1,368 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Atria Investments Inc trimmed its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 29.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,352 shares of the savings and loans company’s stock after selling 1,368 shares during the quarter. Atria Investments Inc’s holdings in Pathward Financial were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CASH. Foundry Partners LLC increased its holdings in Pathward Financial by 59.3% in the 3rd quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company’s stock valued at $8,678,000 after buying an additional 48,917 shares during the period. Geode Capital Management LLC increased its stake in Pathward Financial by 2.8% in the third quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company’s stock valued at $46,206,000 after acquiring an additional 18,936 shares during the period. Meritage Portfolio Management acquired a new position in Pathward Financial in the fourth quarter worth about $435,000. Assenagon Asset Management S.A. acquired a new position in Pathward Financial in the fourth quarter worth about $10,865,000. Finally, RMR Wealth Builders lifted its stake in Pathward Financial by 88.3% during the fourth quarter. RMR Wealth Builders now owns 40,406 shares of the savings and loans company’s stock worth $2,973,000 after purchasing an additional 18,947 shares during the period. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Price Performance

CASH opened at $72.31 on Wednesday. The company has a fifty day moving average price of $76.93 and a two-hundred day moving average price of $75.03. The firm has a market capitalization of $1.72 billion, a PE ratio of 10.54 and a beta of 0.69. Pathward Financial, Inc. has a 52 week low of $47.45 and a 52 week high of $86.00. 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 (NASDAQ:CASH) last released its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $173.51 million during 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 firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. As a group, analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Announces Dividend

The company 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 0.28%. Pathward Financial’s dividend payout ratio is 2.92%.

Analyst Upgrades and Downgrades

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

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.