Atria Investments Inc Reduces Position in Pathward Financial, Inc. (NASDAQ:CASH)

Atria Investments Inc decreased its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 29.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,352 shares of the savings and loans company’s stock after selling 1,368 shares during the quarter. Atria Investments Inc’s holdings in Pathward Financial were worth $247,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in Pathward Financial during the 3rd quarter valued at $35,000. Smartleaf Asset Management LLC lifted its holdings in shares of Pathward Financial by 302.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock valued at $41,000 after buying an additional 414 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Pathward Financial during the third quarter worth about $94,000. KBC Group NV grew its holdings in 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 acquiring an additional 445 shares during the period. Finally, LMR Partners LLP bought a new stake in Pathward Financial in the third quarter worth about $206,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Pathward Financial Trading Up 0.4 %

Pathward Financial stock opened at $72.31 on Wednesday. Pathward Financial, Inc. has a 52 week low of $47.45 and a 52 week 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 market capitalization of $1.72 billion, a price-to-earnings ratio of 10.54 and a beta of 0.69. The company has a 50 day moving average price of $76.93 and a 200 day moving average price of $75.03.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. The business had revenue of $173.51 million during the quarter, compared to analysts’ expectations of $173.27 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. Pathward Financial’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share. Research analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.28%. The ex-dividend date is Thursday, March 13th. Pathward Financial’s payout ratio is presently 2.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CASH. Piper Sandler dropped their target price on shares of Pathward Financial from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

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.