State of Alaska Department of Revenue Purchases 809 Shares of Pathward Financial, Inc. $CASH

State of Alaska Department of Revenue increased its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,022 shares of the savings and loans company’s stock after acquiring an additional 809 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Pathward Financial worth $1,108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Maseco LLP purchased a new position in Pathward Financial in the second quarter worth $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Pathward Financial in the 1st quarter worth $35,000. USAdvisors Wealth Management LLC grew its stake in Pathward Financial by 37.0% during the 1st quarter. USAdvisors Wealth Management LLC now owns 607 shares of the savings and loans company’s stock worth $44,000 after buying an additional 164 shares during the last quarter. Vestcor Inc acquired a new position in Pathward Financial during the 1st quarter valued at about $123,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Pathward Financial in the second quarter valued at about $155,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CASH shares. Weiss Ratings restated a “buy (b)” rating on shares of Pathward Financial in a research note on Saturday, September 27th. Keefe, Bruyette & Woods boosted 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. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Pathward Financial has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Pathward Financial Stock Up 0.2%

Pathward Financial stock opened at $73.66 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.77. The stock has a market capitalization of $1.68 billion, a PE ratio of 9.74 and a beta of 0.62. The business has a 50 day simple moving average of $76.21 and a 200-day simple moving average of $76.87. Pathward Financial, Inc. has a 12 month low of $64.45 and a 12 month high of $86.00.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Monday, July 28th. The savings and loans company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.24. The firm had revenue of $195.80 million for the quarter, compared to analysts’ expectations of $184.80 million. Pathward Financial had a net margin of 22.23% and a return on equity of 22.53%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 EPS. On average, analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was 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 currently 2.65%.

Pathward Financial Company 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.