Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 22.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,226 shares of the savings and loans company’s stock after selling 1,756 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pathward Financial were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CASH. Revolve Wealth Partners LLC acquired a new position in Pathward Financial during the fourth quarter worth about $267,437,000. Putney Financial Group LLC acquired a new position in Pathward Financial during the fourth quarter worth about $32,223,000. FMR LLC grew its position in Pathward Financial by 7.4% during the fourth quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company’s stock worth $162,141,000 after buying an additional 151,316 shares during the period. Aptus Capital Advisors LLC acquired a new position in Pathward Financial during the fourth quarter worth about $7,343,000. Finally, Allspring Global Investments Holdings LLC grew its position in Pathward Financial by 1,023.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 78,437 shares of the savings and loans company’s stock worth $5,799,000 after buying an additional 71,458 shares during the period. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CASH shares. Keefe, Bruyette & Woods upped their target price on shares of Pathward Financial from $86.00 to $88.00 and gave the stock a “market perform” rating in a research report on Friday, July 11th. Piper Sandler increased their price target on shares of Pathward Financial from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, April 23rd.

Pathward Financial Stock Down 2.0%

CASH stock opened at $72.32 on Friday. The company’s 50 day simple moving average is $78.38 and its 200-day simple moving average is $77.08. The firm has a market capitalization of $1.72 billion, a PE ratio of 9.57 and a beta of 0.62. Pathward Financial, Inc. has a 12 month low of $60.49 and a 12 month high of $86.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.77.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Monday, July 28th. The savings and loans company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.57 by $0.24. The business had revenue of $195.80 million for the quarter, compared to analyst estimates of $184.80 million. Pathward Financial had a net margin of 22.23% and a return on equity of 22.16%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 earnings per share. Equities analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a dividend of $0.05 per share. The ex-dividend date was Friday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. Pathward Financial’s dividend payout ratio (DPR) is 2.65%.

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.