Epoch Investment Partners Inc. Boosts Stake in Pathward Financial, Inc. (NASDAQ:CASH)

Epoch Investment Partners Inc. raised its position in Pathward Financial, Inc. (NASDAQ:CASH) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,013 shares of the savings and loans company’s stock after purchasing an additional 1,892 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Pathward Financial were worth $4,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CASH. HighTower Advisors LLC raised its holdings in shares of Pathward Financial by 7.0% during the 3rd quarter. HighTower Advisors LLC now owns 6,032 shares of the savings and loans company’s stock valued at $397,000 after buying an additional 393 shares during the period. Barclays PLC lifted its stake in shares of Pathward Financial by 83.1% in the third quarter. Barclays PLC now owns 56,327 shares of the savings and loans company’s stock worth $3,718,000 after acquiring an additional 25,570 shares in the last quarter. Geode Capital Management LLC grew its stake in Pathward Financial by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company’s stock valued at $46,206,000 after purchasing an additional 18,936 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Pathward Financial in the third quarter worth $264,000. Finally, Tidal Investments LLC acquired a new stake in shares of Pathward Financial in the 3rd quarter valued at about $725,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their price objective on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd.

Pathward Financial Stock Performance

Shares of CASH opened at $70.33 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. Pathward Financial, Inc. has a 12-month low of $50.00 and a 12-month high of $86.00. The business’s fifty day moving average price is $73.52 and its 200 day moving average price is $75.82. The stock has a market capitalization of $1.68 billion, a PE ratio of 10.25 and a beta of 0.44.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The business had revenue of $173.51 million during the quarter, compared to analyst estimates of $173.27 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 EPS. Equities research analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Thursday, March 13th. Pathward Financial’s payout ratio is 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.