Bokf Na Decreases Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Bokf Na lowered its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,399 shares of the savings and loans company’s stock after selling 884 shares during the period. Bokf Na’s holdings in Pathward Financial were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CASH. Victory Capital Management Inc. raised its position in Pathward Financial by 31.5% during the fourth quarter. Victory Capital Management Inc. now owns 10,866 shares of the savings and loans company’s stock worth $575,000 after acquiring an additional 2,603 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Pathward Financial by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 307,377 shares of the savings and loans company’s stock worth $16,269,000 after acquiring an additional 3,579 shares during the last quarter. Teacher Retirement System of Texas raised its position in Pathward Financial by 47.6% during the fourth quarter. Teacher Retirement System of Texas now owns 24,599 shares of the savings and loans company’s stock worth $1,302,000 after acquiring an additional 7,934 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Pathward Financial by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,528,223 shares of the savings and loans company’s stock worth $80,890,000 after acquiring an additional 9,536 shares during the last quarter. Finally, Trexquant Investment LP raised its position in Pathward Financial by 47.6% during the fourth quarter. Trexquant Investment LP now owns 20,022 shares of the savings and loans company’s stock worth $1,060,000 after acquiring an additional 6,457 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Performance

NASDAQ:CASH opened at $66.78 on Monday. The firm has a 50 day simple moving average of $64.44 and a 200-day simple moving average of $56.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.73 and a quick ratio of 0.72. The firm has a market cap of $1.67 billion, a PE ratio of 10.03 and a beta of 0.68. Pathward Financial, Inc. has a 1-year low of $41.79 and a 1-year high of $69.63.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, July 24th. The savings and loans company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.55 by $0.11. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The firm had revenue of $176.73 million during the quarter, compared to analyst estimates of $176.63 million. During the same quarter in the prior year, the business posted $1.76 earnings per share. Pathward Financial’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts expect that Pathward Financial, Inc. will post 6.87 EPS for the current year.

Pathward Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Tuesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is 3.00%.

Wall Street Analysts Forecast Growth

CASH has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Pathward Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th.

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.