Harbor Capital Advisors Inc. Has $753,000 Stake in Pathward Financial, Inc. $CASH

Harbor Capital Advisors Inc. boosted its position in Pathward Financial, Inc. (NASDAQ:CASH) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,523 shares of the savings and loans company’s stock after buying an additional 438 shares during the period. Harbor Capital Advisors Inc.’s holdings in Pathward Financial were worth $753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Militia Capital Partners LP acquired a new position in Pathward Financial in the first quarter valued at $730,000. Intech Investment Management LLC lifted its holdings in Pathward Financial by 69.1% in the first quarter. Intech Investment Management LLC now owns 54,280 shares of the savings and loans company’s stock valued at $3,960,000 after buying an additional 22,182 shares during the period. Millennium Management LLC lifted its holdings in Pathward Financial by 264.1% in the first quarter. Millennium Management LLC now owns 128,645 shares of the savings and loans company’s stock valued at $9,385,000 after buying an additional 93,308 shares during the period. AQR Capital Management LLC lifted its holdings in Pathward Financial by 61.3% in the first quarter. AQR Capital Management LLC now owns 9,152 shares of the savings and loans company’s stock valued at $668,000 after buying an additional 3,479 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Pathward Financial by 21.2% in the first quarter. Royal Bank of Canada now owns 5,057 shares of the savings and loans company’s stock valued at $369,000 after buying an additional 886 shares during the period. Institutional investors and hedge funds own 92.66% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Pathward Financial from $86.00 to $88.00 and gave the company a “market perform” rating in a 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Pathward Financial Stock Down 0.9%

Pathward Financial stock opened at $76.33 on Friday. Pathward Financial, Inc. has a twelve month low of $62.79 and a twelve month high of $86.00. The firm has a 50 day moving average price of $77.48 and a 200-day moving average price of $76.60. The company has a market capitalization of $1.74 billion, a P/E ratio of 10.10 and a beta of 0.64. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last announced 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. Pathward Financial had a net margin of 22.23% and a return on equity of 22.53%. The company had revenue of $195.80 million for the quarter, compared to analysts’ expectations of $184.80 million. During the same period in the prior year, the company posted $1.66 EPS. Pathward Financial’s revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, September 10th. 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.