Amundi Purchases 8,210 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Amundi lifted its position in Pathward Financial, Inc. (NASDAQ:CASH) by 186.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,607 shares of the savings and loans company’s stock after buying an additional 8,210 shares during the period. Amundi owned approximately 0.05% of Pathward Financial worth $939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CASH. Pinnacle Wealth Planning Services Inc. purchased a new position in Pathward Financial in the fourth quarter worth about $3,734,999,000. Revolve Wealth Partners LLC purchased a new position in shares of Pathward Financial in the fourth quarter worth approximately $267,437,000. Assenagon Asset Management S.A. purchased a new position in shares of Pathward Financial in the fourth quarter worth approximately $10,865,000. FMR LLC grew its position in Pathward Financial by 6.9% during 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 buying an additional 132,067 shares during the period. Finally, Foundry Partners LLC increased its holdings in Pathward Financial by 59.3% during 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 buying an additional 48,917 shares during the last quarter. Institutional investors own 92.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CASH. Keefe, Bruyette & Woods boosted their price objective on shares of Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler cut their price target on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd.

Pathward Financial Price Performance

Shares of NASDAQ:CASH opened at $73.67 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. Pathward Financial, Inc. has a 1-year low of $48.00 and a 1-year high of $86.00. The company has a market capitalization of $1.76 billion, a P/E ratio of 10.74 and a beta of 0.69. The firm’s 50 day simple moving average is $76.92 and its two-hundred day simple moving average is $75.02.

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

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 0.27%. The ex-dividend date is Thursday, March 13th. Pathward Financial’s dividend payout ratio (DPR) is 2.92%.

Pathward Financial 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.