Pathward Financial, Inc. (NASDAQ:CASH) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Pathward Financial, Inc. (NASDAQ:CASH) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,731 shares of the savings and loans company’s stock after buying an additional 2,816 shares during the period. Principal Financial Group Inc. owned about 0.50% of Pathward Financial worth $8,883,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of Pathward Financial by 7.0% during the 3rd quarter. HighTower Advisors LLC now owns 6,032 shares of the savings and loans company’s stock valued at $397,000 after buying an additional 393 shares during the period. KBC Group NV grew its holdings in shares of Pathward Financial by 45.8% during the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock worth $104,000 after purchasing an additional 445 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Pathward Financial during the third quarter worth about $35,000. Intech Investment Management LLC grew its holdings in shares of Pathward Financial by 5.3% during the third quarter. Intech Investment Management LLC now owns 11,453 shares of the savings and loans company’s stock worth $756,000 after purchasing an additional 579 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. grew its holdings in shares of Pathward Financial by 1.3% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 54,849 shares of the savings and loans company’s stock worth $3,621,000 after purchasing an additional 700 shares during the last quarter. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Pathward Financial Stock Up 0.5 %

CASH stock opened at $77.51 on Friday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 11.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. Pathward Financial, Inc. has a one year low of $46.68 and a one year high of $86.00. The company has a 50 day moving average price of $77.39 and a two-hundred day moving average price of $74.38.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $173.51 million for the quarter, compared to analyst estimates of $173.27 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. Pathward Financial’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $1.06 EPS. As a group, sell-side analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. Pathward Financial’s payout ratio is 2.92%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CASH. 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 research note on Wednesday, December 4th. Piper Sandler reduced 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.

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.