Smartleaf Asset Management LLC Purchases 414 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Smartleaf Asset Management LLC lifted its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 302.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 551 shares of the savings and loans company’s stock after buying an additional 414 shares during the period. Smartleaf Asset Management LLC’s holdings in Pathward Financial were worth $41,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new stake in shares of Pathward Financial during the 4th quarter valued at about $267,437,000. FMR LLC raised its stake 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 purchasing an additional 132,067 shares during the period. State Street Corp grew its stake in Pathward Financial by 1.4% during the third quarter. State Street Corp now owns 1,274,851 shares of the savings and loans company’s stock valued at $84,218,000 after acquiring an additional 17,004 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Pathward Financial by 2.8% during the third quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company’s stock valued at $46,206,000 after purchasing an additional 18,936 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Pathward Financial by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 328,413 shares of the savings and loans company’s stock worth $21,679,000 after acquiring an additional 1,733 shares during the last quarter. 92.66% of the stock is currently owned by institutional investors.

Pathward Financial Stock Performance

CASH stock opened at $70.18 on Wednesday. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 10.23 and a beta of 0.69. Pathward Financial, Inc. has a one year low of $46.68 and a one year high of $86.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. The firm has a 50-day simple moving average of $77.16 and a two-hundred day simple moving average of $74.87.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings data 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 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 the consensus estimate of $173.27 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal 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 0.28%. Pathward Financial’s dividend payout ratio (DPR) is presently 2.92%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. 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 report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their target price on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Pathward Financial Company 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.