Jackson Creek Investment Advisors LLC Sells 815 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Jackson Creek Investment Advisors LLC reduced its stake in Pathward Financial, Inc. (NASDAQ:CASH) by 3.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 25,947 shares of the savings and loans company’s stock after selling 815 shares during the period. Pathward Financial makes up approximately 0.6% of Jackson Creek Investment Advisors LLC’s portfolio, making the stock its 18th biggest position. Jackson Creek Investment Advisors LLC’s holdings in Pathward Financial were worth $1,909,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CASH. Pinnacle Wealth Planning Services Inc. bought a new position in Pathward Financial in the 4th quarter worth about $3,734,999,000. Revolve Wealth Partners LLC purchased a new stake in shares of Pathward Financial in the fourth quarter worth about $267,437,000. Assenagon Asset Management S.A. bought a new position in shares of Pathward Financial in the fourth quarter valued at approximately $10,865,000. FMR LLC grew its stake in Pathward Financial by 6.9% during the third quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock valued at $135,471,000 after acquiring an additional 132,067 shares in the last quarter. Finally, Foundry Partners LLC increased its holdings in Pathward Financial by 59.3% during the 3rd quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company’s stock worth $8,678,000 after acquiring an additional 48,917 shares during the period. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Pathward Financial Stock Down 0.4 %

Shares of NASDAQ CASH opened at $72.76 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average of $77.33 and a 200-day moving average of $74.60. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.61 and a beta of 0.73. Pathward Financial, Inc. has a 12 month low of $46.68 and a 12 month high of $86.00.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $173.51 million during the quarter, compared to analysts’ expectations of $173.27 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 EPS. Sell-side analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. Pathward Financial’s dividend payout ratio is presently 2.92%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler dropped their price objective on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd.

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.