Epoch Investment Partners Inc. Cuts Stake in Pathward Financial, Inc. (NASDAQ:CASH)

Epoch Investment Partners Inc. decreased its stake in Pathward Financial, Inc. (NASDAQ:CASH) by 81.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,924 shares of the savings and loans company’s stock after selling 220,501 shares during the period. Epoch Investment Partners Inc. owned approximately 0.19% of Pathward Financial worth $2,768,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CASH. Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $16,269,000 after purchasing an additional 3,579 shares during the period. Trexquant Investment LP boosted its position in Pathward Financial by 47.6% in the 4th quarter. Trexquant Investment LP now owns 20,022 shares of the savings and loans company’s stock valued at $1,060,000 after buying an additional 6,457 shares during the last quarter. US Bancorp DE boosted its position in Pathward Financial by 27.0% in the 4th quarter. US Bancorp DE now owns 16,330 shares of the savings and loans company’s stock valued at $864,000 after buying an additional 3,469 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Pathward Financial during the fourth quarter valued at about $1,112,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Pathward Financial by 10.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,843 shares of the savings and loans company’s stock worth $256,000 after acquiring an additional 441 shares during the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Pathward Financial Stock Performance

Shares of Pathward Financial stock opened at $66.61 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.73. Pathward Financial, Inc. has a 1 year low of $41.79 and a 1 year high of $69.63. The firm’s 50-day simple moving average is $65.52 and its 200-day simple moving average is $57.24. The firm has a market cap of $1.68 billion, a PE ratio of 10.00 and a beta of 0.68.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.11. Pathward Financial had a return on equity of 23.59% and a net margin of 22.10%. The firm had revenue of $176.73 million during the quarter, compared to analyst estimates of $176.63 million. During the same period in the previous year, the company earned $1.76 earnings per share. Pathward Financial’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts forecast that Pathward Financial, Inc. will post 6.87 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The company 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 dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, September 10th. Pathward Financial’s dividend payout ratio is currently 3.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Piper Sandler raised their price target on shares of Pathward Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th.

Insider Buying and Selling

In other Pathward Financial news, Director Douglas J. Hajek sold 2,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $64.91, for a total transaction of $129,820.00. Following the completion of the sale, the director now owns 19,531 shares in the company, valued at $1,267,757.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Douglas J. Hajek sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $64.91, for a total value of $129,820.00. Following the transaction, the director now directly owns 19,531 shares in the company, valued at approximately $1,267,757.21. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Anthony M. Sharett sold 3,100 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $66.40, for a total transaction of $205,840.00. Following the sale, the president now directly owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

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.