8,600 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the 4th quarter, HoldingsChannel reports. The firm purchased 8,600 shares of the savings and loans company’s stock, valued at approximately $633,000.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Pathward Financial during the fourth quarter worth $3,734,999,000. Revolve Wealth Partners LLC purchased a new stake in Pathward Financial during the 4th quarter worth about $267,437,000. FMR LLC boosted its position in shares of Pathward Financial by 6.9% during the 3rd 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. State Street Corp increased its holdings in shares of Pathward Financial by 1.4% in the 3rd quarter. State Street Corp now owns 1,274,851 shares of the savings and loans company’s stock valued at $84,218,000 after acquiring an additional 17,004 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Pathward Financial by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company’s stock worth $46,206,000 after acquiring an additional 18,936 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Wall Street Analysts Forecast Growth

CASH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler cut their target price 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.

Pathward Financial Stock Performance

Shares of CASH opened at $75.43 on Thursday. The company’s 50 day simple moving average is $76.58 and its 200-day simple moving average is $75.54. The firm has a market cap of $1.80 billion, a PE ratio of 11.00 and a beta of 0.69. Pathward Financial, Inc. has a 12-month low of $48.15 and a 12-month high of $86.00. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last posted 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. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The company had revenue of $173.51 million for the quarter, compared to analyst estimates of $173.27 million. During the same period in the previous year, the business posted $1.06 earnings per share. Pathward Financial’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. Pathward Financial’s payout ratio is 2.92%.

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.