EAM Investors LLC Acquires New Position in Pathward Financial, Inc. (NASDAQ:CASH)

EAM Investors LLC purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 47,121 shares of the savings and loans company's stock, valued at approximately $3,467,000. EAM Investors LLC owned approximately 0.20% of Pathward Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CASH. Smartleaf Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 414 shares in the last quarter. Sterling Capital Management LLC boosted its holdings 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 worth $43,000 after buying an additional 516 shares during the last quarter. KBC Group NV grew its holdings in Pathward Financial by 45.8% during the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock valued at $104,000 after purchasing an additional 445 shares during the period. Bank of Montreal Can acquired a new position in shares of Pathward Financial in the 4th quarter valued at $201,000. Finally, Pictet Asset Management Holding SA acquired a new position in Pathward Financial in the fourth quarter valued at about $210,000. Institutional investors and hedge funds own 92.66% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price target on shares of Pathward Financial from $94.00 to $91.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 22nd.

Pathward Financial Stock Down 0.2 %

Shares of Pathward Financial stock traded down $0.16 during trading on Monday, reaching $70.17. The stock had a trading volume of 44,590 shares, compared to its average volume of 191,473. 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 company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 10.23 and a beta of 0.44. Pathward Financial, Inc. has a 52 week low of $50.00 and a 52 week high of $86.00. The stock has a fifty day moving average price of $73.52 and a two-hundred day moving average price of $75.82.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The company 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% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS. Sell-side analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were issued 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 0.29%. Pathward Financial's payout ratio is presently 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.