Thrivent Financial for Lutherans Has $1.41 Million Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Thrivent Financial for Lutherans decreased its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,205 shares of the savings and loans company’s stock after selling 409 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Pathward Financial were worth $1,413,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. acquired a new stake in Pathward Financial in the 4th quarter valued at $3,734,999,000. Revolve Wealth Partners LLC bought a new position in shares of Pathward Financial in the 4th quarter valued at about $267,437,000. Assenagon Asset Management S.A. acquired a new stake in shares of Pathward Financial in the fourth quarter valued at about $10,865,000. FMR LLC raised its holdings in Pathward Financial by 6.9% during the third quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock worth $135,471,000 after acquiring an additional 132,067 shares in the last quarter. Finally, Barclays PLC boosted its position in Pathward Financial by 83.1% during the third quarter. Barclays PLC now owns 56,327 shares of the savings and loans company’s stock valued at $3,718,000 after purchasing an additional 25,570 shares during the last quarter. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Down 3.1 %

Shares of CASH stock opened at $72.72 on Monday. Pathward Financial, Inc. has a 52-week low of $48.15 and a 52-week high of $86.00. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 10.60 and a beta of 0.69. The firm’s 50-day moving average is $76.80 and its 200-day moving average is $75.43. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The firm had revenue of $173.51 million for the quarter, compared to analyst estimates of $173.27 million. During the same quarter in the prior year, the company earned $1.06 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Thursday, March 13th. Pathward Financial’s dividend payout ratio is presently 2.92%.

Analysts Set New Price Targets

Several research analysts have weighed in on CASH shares. Piper Sandler lowered 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. Keefe, Bruyette & Woods raised 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.

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.