Geode Capital Management LLC Acquires 11,654 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Geode Capital Management LLC raised its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 711,538 shares of the savings and loans company’s stock after purchasing an additional 11,654 shares during the quarter. Geode Capital Management LLC’s holdings in Pathward Financial were worth $52,365,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Pathward Financial in the fourth quarter valued at $3,734,999,000. Revolve Wealth Partners LLC acquired a new stake in Pathward Financial in the 4th quarter valued at about $267,437,000. State Street Corp raised its stake in shares of Pathward Financial by 1.4% in the third quarter. State Street Corp now owns 1,274,851 shares of the savings and loans company’s stock worth $84,218,000 after acquiring an additional 17,004 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Pathward Financial by 10.8% during the fourth quarter. American Century Companies Inc. now owns 643,150 shares of the savings and loans company’s stock worth $47,323,000 after purchasing an additional 62,931 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Pathward Financial by 52.2% during the fourth quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company’s stock valued at $41,885,000 after purchasing an additional 195,331 shares during the last quarter. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Trading Up 0.9 %

Shares of NASDAQ CASH opened at $67.79 on Monday. Pathward Financial, Inc. has a fifty-two week low of $48.15 and a fifty-two week high of $86.00. The firm has a market capitalization of $1.62 billion, a P/E ratio of 9.88 and a beta of 0.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The company’s 50 day simple moving average is $74.55 and its 200 day simple moving average is $75.63.

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

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were issued a $0.05 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.30%. Pathward Financial’s dividend payout ratio (DPR) is presently 2.92%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their price objective on shares of Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company 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.