Amundi Buys 8,210 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Amundi boosted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 186.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,607 shares of the savings and loans company’s stock after buying an additional 8,210 shares during the period. Amundi’s holdings in Pathward Financial were worth $939,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in shares of Pathward Financial by 384.6% during the third quarter. Victory Capital Management Inc. now owns 23,572 shares of the savings and loans company’s stock valued at $1,556,000 after purchasing an additional 18,708 shares in the last quarter. Quest Partners LLC boosted its stake in Pathward Financial by 82.6% during the third quarter. Quest Partners LLC now owns 11,597 shares of the savings and loans company’s stock valued at $766,000 after buying an additional 5,246 shares during the last quarter. LMR Partners LLP purchased a new position in Pathward Financial during the 3rd quarter valued at approximately $206,000. Intech Investment Management LLC increased its stake in Pathward Financial by 5.3% in the 3rd quarter. Intech Investment Management LLC now owns 11,453 shares of the savings and loans company’s stock worth $756,000 after acquiring an additional 579 shares during the last quarter. Finally, Foundry Partners LLC raised its holdings in shares of 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 in the last quarter. 92.66% of the stock is currently owned by institutional investors.

Pathward Financial Price Performance

NASDAQ:CASH opened at $73.67 on Thursday. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 10.74 and a beta of 0.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The business has a 50 day simple moving average of $76.92 and a 200-day simple moving average of $75.02. Pathward Financial, Inc. has a 1 year low of $48.00 and a 1 year high of $86.00.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company had revenue of $173.51 million during the quarter, compared to the consensus estimate of $173.27 million. During the same period last year, the company earned $1.06 earnings per share. Pathward Financial’s revenue was up 6.6% on a year-over-year basis. Equities analysts forecast 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 Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.27%. Pathward Financial’s payout ratio is 2.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler reduced their target price on shares of Pathward Financial from $94.00 to $91.00 and set an “overweight” rating on the stock in a report 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.