Victory Capital Management Inc. Has $3.07 Million Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Victory Capital Management Inc. lifted its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 77.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,728 shares of the savings and loans company’s stock after acquiring an additional 18,156 shares during the quarter. Victory Capital Management Inc. owned approximately 0.17% of Pathward Financial worth $3,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 DIFC Ltd acquired a new position in shares of Pathward Financial in the 3rd quarter worth approximately $35,000. Smartleaf Asset Management LLC lifted its holdings in Pathward Financial by 302.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock worth $41,000 after buying an additional 414 shares in the last quarter. KBC Group NV lifted 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Pathward Financial during the 3rd quarter worth $94,000. Finally, LMR Partners LLP acquired a new position in Pathward Financial during the 3rd quarter worth $206,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CASH has been the topic of several research reports. Piper Sandler reduced 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. Keefe, Bruyette & Woods upped 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.

Pathward Financial Stock Performance

Shares of Pathward Financial stock opened at $71.90 on Monday. The firm has a fifty day moving average of $77.03 and a two-hundred day moving average of $74.97. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 10.48 and a beta of 0.69. Pathward Financial, Inc. has a 52 week low of $46.68 and a 52 week high of $86.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $173.51 million during the quarter, compared to analysts’ expectations of $173.27 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. As a group, equities research 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. Shareholders of record on Thursday, March 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, March 13th. Pathward Financial’s 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.