Pathward Financial, Inc. (NASDAQ:CASH) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 52.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,412 shares of the savings and loans company’s stock after purchasing an additional 16,032 shares during the period. Alliancebernstein L.P.’s holdings in Pathward Financial were worth $3,415,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CASH. Smartleaf Asset Management LLC boosted its stake in Pathward Financial by 302.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock worth $41,000 after buying an additional 414 shares during the last quarter. KBC Group NV lifted its holdings in shares of Pathward Financial by 45.8% during the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock worth $104,000 after acquiring an additional 445 shares during the period. Pictet Asset Management Holding SA acquired a new stake in shares of Pathward Financial in the fourth quarter worth approximately $210,000. Virtu Financial LLC acquired a new stake in shares of Pathward Financial in the fourth quarter worth approximately $277,000. Finally, Raymond James Financial Inc. purchased a new stake in Pathward Financial in the fourth quarter valued at approximately $279,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Pathward Financial Price Performance

CASH stock opened at $69.39 on Tuesday. The company has a market cap of $1.65 billion, a PE ratio of 10.12 and a beta of 0.44. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $74.31 and a two-hundred day moving average price of $75.66. Pathward Financial, Inc. has a 12-month low of $48.15 and a 12-month high of $86.00.

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. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The business had revenue of $173.51 million during the quarter, compared to analysts’ expectations of $173.27 million. During the same quarter in the previous year, the business earned $1.06 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial’s payout ratio is currently 2.92%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut 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 note 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.