Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 52.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,263 shares of the savings and loans company’s stock after selling 4,633 shares during the quarter. US Bancorp DE’s holdings in Pathward Financial were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in Pathward Financial in the 3rd quarter valued at about $35,000. KBC Group NV raised 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 worth $104,000 after buying an additional 445 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Pathward Financial during the 3rd quarter worth about $94,000. LMR Partners LLP acquired a new stake in Pathward Financial during the 3rd quarter worth about $206,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Pathward Financial during the 3rd quarter worth about $264,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Pathward Financial Price Performance

NASDAQ CASH opened at $69.93 on Friday. The company has a market cap of $1.67 billion, a PE ratio of 10.19 and a beta of 0.69. Pathward Financial, Inc. has a 1 year low of $46.68 and a 1 year high of $86.00. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The stock’s 50-day moving average price is $77.06 and its two-hundred day moving average price is $74.81.

Pathward Financial (NASDAQ:CASH) last issued its 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. The company had revenue of $173.51 million for the quarter, compared to the consensus estimate of $173.27 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS. On average, analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued 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 0.29%. Pathward Financial’s dividend payout ratio is 2.92%.

Pathward Financial 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.