Swiss National Bank Lowers Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

Swiss National Bank trimmed its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,100 shares of the savings and loans company’s stock after selling 300 shares during the quarter. Swiss National Bank’s holdings in Pathward Financial were worth $3,613,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in shares of Pathward Financial in the 3rd quarter worth $35,000. Smartleaf Asset Management LLC raised its holdings in Pathward Financial by 302.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock worth $41,000 after purchasing an additional 414 shares in the last quarter. KBC Group NV lifted its position in shares of 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 valued at $104,000 after buying an additional 445 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Pathward Financial in the 3rd quarter valued at about $94,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Pathward Financial in the 4th quarter worth approximately $279,000. Institutional investors own 92.66% of the company’s stock.

Wall Street Analysts Forecast Growth

CASH has been the subject of several recent analyst reports. Piper Sandler lowered their target price on shares of 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 boosted their target price on 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 Stock Down 0.2 %

Shares of CASH opened at $75.19 on Wednesday. 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 capitalization of $1.79 billion, a price-to-earnings ratio of 10.96 and a beta of 0.69. The stock’s 50-day moving average price is $76.97 and its 200-day moving average price is $75.26. Pathward Financial, Inc. has a 52 week low of $48.15 and a 52 week high of $86.00.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $173.51 million for the quarter, compared to analyst estimates of $173.27 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. Pathward Financial’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. On average, sell-side analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The company also recently disclosed 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. This represents a $0.20 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 13th. Pathward Financial’s dividend payout ratio is currently 2.92%.

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.