23,640 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Purchased by Natixis Advisors LLC

Natixis Advisors LLC purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 23,640 shares of the savings and loans company’s stock, valued at approximately $1,739,000. Natixis Advisors LLC owned approximately 0.10% of Pathward Financial as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in Pathward Financial in the third quarter worth $35,000. Smartleaf Asset Management LLC lifted its holdings in shares of Pathward Financial by 302.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock worth $41,000 after acquiring an additional 414 shares during the period. KBC Group NV boosted its position in shares of Pathward Financial by 45.8% during the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock valued at $104,000 after acquiring an additional 445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Pathward Financial in the third quarter valued at about $94,000. Finally, Raymond James Financial Inc. acquired a new position in Pathward Financial in the fourth quarter worth about $279,000. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Price Performance

Shares of CASH stock opened at $75.31 on Tuesday. Pathward Financial, Inc. has a 52 week low of $48.15 and a 52 week high of $86.00. The stock has a market capitalization of $1.80 billion, a PE ratio of 10.98 and a beta of 0.69. 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 stock’s fifty day moving average is $76.98 and its 200-day moving average is $75.20.

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 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 during the quarter, compared to analysts’ expectations of $173.27 million. During the same quarter last year, the company posted $1.06 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities 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 announced 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 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, March 13th. Pathward Financial’s dividend payout ratio (DPR) is presently 2.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler dropped their price objective on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd.

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.