Thrivent Financial for Lutherans Sells 409 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Thrivent Financial for Lutherans decreased its position in Pathward Financial, Inc. (NASDAQ:CASH) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,205 shares of the savings and loans company’s stock after selling 409 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Pathward Financial worth $1,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. acquired a new position in Pathward Financial during the 4th quarter valued at about $3,734,999,000. Revolve Wealth Partners LLC acquired a new position in Pathward Financial in the fourth quarter valued at approximately $267,437,000. Assenagon Asset Management S.A. bought a new position in Pathward Financial in the fourth quarter valued at approximately $10,865,000. FMR LLC grew its holdings in Pathward Financial by 6.9% during the 3rd quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock worth $135,471,000 after acquiring an additional 132,067 shares during the period. Finally, Barclays PLC grew its holdings in Pathward Financial by 83.1% during the 3rd quarter. Barclays PLC now owns 56,327 shares of the savings and loans company’s stock worth $3,718,000 after acquiring an additional 25,570 shares during the period. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CASH. Piper Sandler cut 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 raised their price objective on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Pathward Financial Trading Down 3.1 %

NASDAQ:CASH opened at $72.72 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The business’s 50-day simple moving average is $76.80 and its 200-day simple moving average is $75.43. Pathward Financial, Inc. has a fifty-two week low of $48.15 and a fifty-two week high of $86.00. The stock has a market capitalization of $1.73 billion, a PE ratio of 10.60 and a beta of 0.69.

Pathward Financial (NASDAQ:CASH) last announced 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 firm had revenue of $173.51 million for the quarter, compared to analyst estimates of $173.27 million. During the same quarter in the previous year, the firm posted $1.06 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share 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 is Thursday, March 13th. Pathward Financial’s payout ratio 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.