EAM Investors LLC Invests $3.47 Million in Pathward Financial, Inc. (NASDAQ:CASH)

EAM Investors LLC acquired a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) in the fourth quarter, Holdings Channel.com reports. The fund acquired 47,121 shares of the savings and loans company’s stock, valued at approximately $3,467,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in Pathward Financial by 7.0% during the third quarter. HighTower Advisors LLC now owns 6,032 shares of the savings and loans company’s stock worth $397,000 after purchasing an additional 393 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Pathward Financial by 302.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock worth $41,000 after buying an additional 414 shares during the last quarter. KBC Group NV boosted its stake in Pathward Financial by 45.8% in the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock worth $104,000 after buying an additional 445 shares in the last quarter. Sterling Capital Management LLC grew its position in 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 during the last quarter. Finally, Diversified Trust Co raised its stake in shares of Pathward Financial by 9.7% during the fourth quarter. Diversified Trust Co now owns 8,931 shares of the savings and loans company’s stock worth $657,000 after acquiring an additional 787 shares in the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price objective on shares of 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 Stock Up 1.3 %

CASH opened at $70.32 on Wednesday. The company has a market cap of $1.68 billion, a P/E ratio of 10.25 and a beta of 0.44. Pathward Financial, Inc. has a 12 month low of $48.15 and a 12 month high of $86.00. The business’s 50-day moving average price is $74.08 and its 200-day moving average price is $75.63. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The firm had revenue of $173.51 million during the quarter, compared to the consensus estimate of $173.27 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect 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 was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.28%. Pathward Financial’s payout ratio is currently 2.92%.

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.