Swiss National Bank Sells 2,400 Shares of Pathward Financial, Inc. $CASH

Swiss National Bank decreased its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,700 shares of the savings and loans company’s stock after selling 2,400 shares during the quarter. Swiss National Bank owned about 0.20% of Pathward Financial worth $3,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CASH. Opal Wealth Advisors LLC bought a new stake in shares of Pathward Financial during the first quarter valued at approximately $35,000. Sterling Capital Management LLC increased its holdings in shares of Pathward Financial by 726.8% during the fourth quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company’s stock valued at $43,000 after acquiring an additional 516 shares in the last quarter. USAdvisors Wealth Management LLC increased its holdings in shares of Pathward Financial by 37.0% during the first quarter. USAdvisors Wealth Management LLC now owns 607 shares of the savings and loans company’s stock valued at $44,000 after acquiring an additional 164 shares in the last quarter. Vestcor Inc bought a new stake in shares of Pathward Financial during the first quarter valued at approximately $123,000. Finally, Bank of Montreal Can bought a new stake in shares of Pathward Financial during the fourth quarter valued at approximately $201,000. Institutional investors own 92.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Piper Sandler boosted their price objective on Pathward Financial from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods increased their price target on Pathward Financial from $86.00 to $88.00 and gave the company a “market perform” rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Pathward Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

Pathward Financial Trading Up 0.5%

NASDAQ CASH opened at $75.75 on Thursday. The firm has a market capitalization of $1.81 billion, a P/E ratio of 10.02 and a beta of 0.62. The business has a fifty day simple moving average of $78.04 and a 200 day simple moving average of $76.84. Pathward Financial, Inc. has a 12 month low of $62.79 and a 12 month high of $86.00. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04.

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 analysts’ consensus estimates of $1.57 by $0.24. The business had revenue of $195.80 million during the quarter, compared to analyst estimates of $184.80 million. Pathward Financial had a return on equity of 22.16% and a net margin of 22.23%.Pathward Financial’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. On average, analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, June 13th. Pathward Financial’s dividend payout ratio is 2.65%.

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.