Swiss National Bank Sells 300 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Swiss National Bank trimmed its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,100 shares of the savings and loans company’s stock after selling 300 shares during the quarter. Swiss National Bank owned 0.20% of Pathward Financial worth $3,613,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CASH. Point72 DIFC Ltd purchased a new position in Pathward Financial during the third quarter worth $35,000. Smartleaf Asset Management LLC lifted its holdings in shares of Pathward Financial by 302.2% in 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 last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Pathward Financial during the 3rd quarter worth about $94,000. KBC Group NV grew its holdings in 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 purchasing an additional 445 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Pathward Financial in the 3rd quarter worth about $264,000. Institutional investors own 92.66% of the company’s stock.

Analysts Set New Price Targets

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

Pathward Financial Trading Down 0.2 %

CASH stock opened at $75.19 on Wednesday. Pathward Financial, Inc. has a 12 month low of $48.15 and a 12 month high of $86.00. The firm’s 50-day moving average is $76.97 and its 200 day moving average is $75.26. The company has a market capitalization of $1.79 billion, a PE ratio of 10.96 and a beta of 0.69. 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 (NASDAQ:CASH) last issued its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $173.51 million for the quarter, compared to analyst estimates of $173.27 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $1.06 earnings per share. On average, research analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 13th. Pathward Financial’s dividend payout ratio (DPR) is presently 2.92%.

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.