Royce & Associates LP Acquires 4,000 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Royce & Associates LP grew its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 31.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,614 shares of the savings and loans company’s stock after acquiring an additional 4,000 shares during the period. Royce & Associates LP’s holdings in Pathward Financial were worth $1,222,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Pathward Financial in the 4th quarter worth about $3,734,999,000. Revolve Wealth Partners LLC bought a new stake in shares of Pathward Financial during the 4th quarter valued at $267,437,000. Assenagon Asset Management S.A. bought a new position in shares of Pathward Financial in the 4th quarter worth about $10,865,000. FMR LLC lifted its position in 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 valued at $135,471,000 after acquiring an additional 132,067 shares during the period. Finally, Foundry Partners LLC boosted its stake in Pathward Financial by 59.3% during the third quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company’s stock worth $8,678,000 after acquiring an additional 48,917 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

Pathward Financial Stock Performance

Shares of CASH opened at $73.23 on Friday. Pathward Financial, Inc. has a one year low of $48.15 and a one year high of $86.00. The business has a fifty day moving average of $76.89 and a 200 day moving average of $75.01. 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 firm has a market capitalization of $1.75 billion, a P/E ratio of 10.67 and a beta of 0.69.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The firm had revenue of $173.51 million for the quarter, compared to analysts’ expectations of $173.27 million. During the same quarter in the prior year, the business earned $1.06 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate 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 will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. Pathward Financial’s dividend payout ratio (DPR) is 2.92%.

Analysts Set New Price Targets

CASH has been the topic of a number of recent research reports. 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 note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

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.