Charles Schwab Investment Management Inc. Grows Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 331,455 shares of the savings and loans company’s stock after purchasing an additional 3,042 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.37% of Pathward Financial worth $24,388,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Revolve Wealth Partners LLC purchased a new stake in shares of Pathward Financial in the fourth quarter valued at $267,437,000. Assenagon Asset Management S.A. purchased a new stake in shares of Pathward Financial in the fourth quarter valued at $10,865,000. FMR LLC raised its stake in shares of Pathward Financial by 6.9% in the third 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. Foundry Partners LLC raised its stake in shares of Pathward Financial by 59.3% in the third quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company’s stock valued at $8,678,000 after acquiring an additional 48,917 shares during the period. Finally, Algert Global LLC raised its stake in shares of Pathward Financial by 41.2% in the third quarter. Algert Global LLC now owns 113,484 shares of the savings and loans company’s stock valued at $7,491,000 after acquiring an additional 33,108 shares during the period. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Pathward Financial Trading Up 0.4 %

NASDAQ CASH opened at $72.31 on Wednesday. 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 company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 10.54 and a beta of 0.69. The company’s 50-day simple moving average is $76.93 and its two-hundred day simple moving average is $75.03. Pathward Financial, Inc. has a one year low of $47.45 and a one year high of $86.00.

Pathward Financial (NASDAQ:CASH) last released 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. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The business had revenue of $173.51 million for the quarter, compared to analysts’ expectations of $173.27 million. During the same period last year, the business earned $1.06 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. Equities analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, March 13th. Pathward Financial’s dividend payout ratio (DPR) is presently 2.92%.

Wall Street Analyst Weigh In

Several research firms recently commented on CASH. Keefe, Bruyette & Woods raised their price target 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 on the stock in a research note on Wednesday, January 22nd.

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.