Amalgamated Bank Sells 199 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Amalgamated Bank lessened its stake in Pathward Financial, Inc. (NASDAQ:CASH) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,252 shares of the savings and loans company’s stock after selling 199 shares during the quarter. Amalgamated Bank’s holdings in Pathward Financial were worth $534,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CASH. New York State Teachers Retirement System raised its holdings in shares of Pathward Financial by 6.7% in the 3rd quarter. New York State Teachers Retirement System now owns 29,475 shares of the savings and loans company’s stock worth $1,946,000 after purchasing an additional 1,855 shares during the period. US Bancorp DE raised its holdings in shares of Pathward Financial by 39.5% in the 3rd quarter. US Bancorp DE now owns 8,896 shares of the savings and loans company’s stock worth $587,000 after purchasing an additional 2,518 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Pathward Financial in the 3rd quarter worth approximately $476,000. Entropy Technologies LP bought a new stake in Pathward Financial during the 3rd quarter valued at $274,000. Finally, Victory Capital Management Inc. lifted its position in shares of Pathward Financial by 384.6% during the third quarter. Victory Capital Management Inc. now owns 23,572 shares of the savings and loans company’s stock worth $1,556,000 after acquiring an additional 18,708 shares in the last quarter. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Trading Down 3.0 %

NASDAQ:CASH opened at $73.79 on Wednesday. The company has a market cap of $1.76 billion, a P/E ratio of 10.76 and a beta of 0.73. The stock’s fifty day moving average price is $77.41 and its two-hundred day moving average price is $74.63. Pathward Financial, Inc. has a 1 year low of $46.68 and a 1 year high of $86.00. 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 quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company had revenue of $173.51 million for the quarter, compared to the consensus estimate of $173.27 million. During the same quarter last year, the business posted $1.06 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

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

Wall Street Analyst Weigh In

CASH has been the topic of several recent research reports. Piper Sandler dropped their target price on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

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.