DekaBank Deutsche Girozentrale Raises Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

DekaBank Deutsche Girozentrale boosted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 70.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,646 shares of the savings and loans company’s stock after acquiring an additional 2,330 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Pathward Financial were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CASH. Quantbot Technologies LP purchased a new stake in Pathward Financial in the 1st quarter worth approximately $34,000. Quarry LP purchased a new stake in Pathward Financial in the 2nd quarter worth approximately $35,000. Carmel Capital Partners LLC purchased a new stake in Pathward Financial in the 3rd quarter worth approximately $36,000. Tower Research Capital LLC TRC lifted its holdings in Pathward Financial by 65.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 942 shares of the savings and loans company’s stock worth $43,000 after buying an additional 371 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Pathward Financial in the 2nd quarter worth approximately $47,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, President Anthony M. Sharett sold 1,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.50, for a total transaction of $47,500.00. Following the completion of the sale, the president now owns 33,146 shares of the company’s stock, valued at approximately $1,574,435. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Pathward Financial Price Performance

CASH opened at $48.53 on Wednesday. The company’s 50-day simple moving average is $50.13 and its two-hundred day simple moving average is $49.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.72. The stock has a market capitalization of $1.24 billion, a P/E ratio of 7.97 and a beta of 0.71. Pathward Financial, Inc. has a 52-week low of $39.90 and a 52-week high of $60.49.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, January 24th. The savings and loans company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.17). The company had revenue of $162.80 million for the quarter, compared to analysts’ expectations of $166.45 million. Pathward Financial had a net margin of 22.22% and a return on equity of 24.97%. Pathward Financial’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. As a group, analysts predict that Pathward Financial, Inc. will post 6.32 EPS for the current year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. Pathward Financial’s dividend payout ratio is currently 3.28%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on Pathward Financial from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Friday, April 5th. Piper Sandler lowered their target price on Pathward Financial from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th.

About Pathward Financial

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.