American Century Companies Inc. Acquires 62,931 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

American Century Companies Inc. grew its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 643,150 shares of the savings and loans company’s stock after acquiring an additional 62,931 shares during the period. American Century Companies Inc.’s holdings in Pathward Financial were worth $47,323,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. HighTower Advisors LLC increased its stake in shares of Pathward Financial by 7.0% in the 3rd quarter. HighTower Advisors LLC now owns 6,032 shares of the savings and loans company’s stock worth $397,000 after purchasing an additional 393 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Pathward Financial by 302.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock valued at $41,000 after purchasing an additional 414 shares during the period. KBC Group NV increased its position in Pathward Financial by 45.8% in the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock worth $104,000 after buying an additional 445 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Pathward Financial in the third quarter worth about $35,000. Finally, Intech Investment Management LLC lifted its position in shares of Pathward Financial by 5.3% during the 3rd quarter. Intech Investment Management LLC now owns 11,453 shares of the savings and loans company’s stock valued at $756,000 after buying an additional 579 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler dropped their price target 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.

Pathward Financial Price Performance

Shares of Pathward Financial stock opened at $75.07 on Friday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 10.94 and a beta of 0.69. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $76.90 and its 200-day simple moving average is $75.26. Pathward Financial, Inc. has a 52 week low of $48.15 and a 52 week 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, beating the consensus estimate of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company had revenue of $173.51 million for the quarter, compared to the consensus estimate of $173.27 million. During the same quarter last year, the company earned $1.06 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, March 13th. Pathward Financial’s dividend payout ratio (DPR) is presently 2.92%.

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.