Cetera Investment Advisers Has $575,000 Stake in Pathward Financial, Inc. (NASDAQ:CASH)

Cetera Investment Advisers increased its position in Pathward Financial, Inc. (NASDAQ:CASH) by 29.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,880 shares of the savings and loans company’s stock after buying an additional 1,773 shares during the quarter. Cetera Investment Advisers’ holdings in Pathward Financial were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Diversified Trust Co boosted its holdings in shares of Pathward Financial by 1.9% during the 1st quarter. Diversified Trust Co now owns 9,097 shares of the savings and loans company’s stock worth $664,000 after buying an additional 166 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Pathward Financial by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 13,271 shares of the savings and loans company’s stock worth $968,000 after buying an additional 181 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Pathward Financial during the first quarter valued at about $35,000. Sterling Capital Management LLC lifted its holdings in Pathward Financial by 726.8% during the fourth quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company’s stock valued at $43,000 after purchasing an additional 516 shares during the last quarter. Finally, Aquatic Capital Management LLC lifted its holdings in Pathward Financial by 11.1% during the fourth quarter. Aquatic Capital Management LLC now owns 5,333 shares of the savings and loans company’s stock valued at $392,000 after purchasing an additional 533 shares during the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Stock Down 1.7%

CASH stock opened at $75.30 on Friday. Pathward Financial, Inc. has a twelve month low of $62.79 and a twelve month high of $86.00. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.80 billion, a P/E ratio of 9.96 and a beta of 0.62. The business’s 50-day moving average price is $78.14 and its 200-day moving average price is $76.93.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings data on Monday, July 28th. The savings and loans company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.24. The business had revenue of $195.80 million for the quarter, compared to the consensus estimate of $184.80 million. Pathward Financial had a return on equity of 22.16% and a net margin of 22.23%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 EPS. On average, equities research analysts forecast 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, July 1st. Shareholders of record on Friday, June 13th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, June 13th. Pathward Financial’s dividend payout ratio is currently 2.65%.

Analyst Ratings Changes

CASH has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Pathward Financial from $86.00 to $88.00 and gave the stock a “market perform” rating in a research report on Friday, July 11th. Piper Sandler raised their price target on Pathward Financial from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 23rd.

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.