Pathward Financial, Inc. $CASH Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in Pathward Financial, Inc. (NASDAQ:CASH) by 11.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,676 shares of the savings and loans company’s stock after selling 881 shares during the period. Voya Investment Management LLC’s holdings in Pathward Financial were worth $487,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CASH. Opal Wealth Advisors LLC acquired a new stake in Pathward Financial in the first quarter valued at approximately $35,000. USAdvisors Wealth Management LLC raised its holdings in shares of Pathward Financial by 37.0% in the 1st quarter. USAdvisors Wealth Management LLC now owns 607 shares of the savings and loans company’s stock valued at $44,000 after purchasing an additional 164 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Pathward Financial in the 1st quarter valued at $123,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Pathward Financial in the 1st quarter valued at $219,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Pathward Financial in the 1st quarter valued at $235,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their target price on Pathward Financial from $86.00 to $88.00 and gave the stock 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 issued a Hold rating to the stock. 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 1.2%

NASDAQ:CASH opened at $76.04 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.73 billion, a P/E ratio of 10.06 and a beta of 0.64. The stock’s 50 day simple moving average is $76.86 and its 200-day simple moving average is $76.74. Pathward Financial, Inc. has a 12-month low of $62.79 and a 12-month high of $86.00.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Monday, July 28th. The savings and loans company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.24. Pathward Financial had a return on equity of 22.53% and a net margin of 22.23%.The business had revenue of $195.80 million during the quarter, compared to the consensus estimate of $184.80 million. During the same period in the prior year, the business posted $1.66 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

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