F M Investments LLC Has $4.62 Million Stake in Pathward Financial, Inc. (NASDAQ:CASH)

F M Investments LLC cut its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 66.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,846 shares of the savings and loans company's stock after selling 127,023 shares during the period. F M Investments LLC owned 0.26% of Pathward Financial worth $4,624,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its stake in shares of Pathward Financial by 302.2% in the fourth 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 during the period. KBC Group NV grew its stake in Pathward Financial by 45.8% during the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock valued at $104,000 after acquiring an additional 445 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Pathward Financial in the fourth quarter valued at about $201,000. Pictet Asset Management Holding SA purchased a new stake in Pathward Financial in the fourth quarter valued at $210,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Pathward Financial during the third quarter valued at about $264,000. 92.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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 research report on Wednesday, January 22nd.

Pathward Financial Price Performance

Pathward Financial stock traded up $0.01 during mid-day trading on Wednesday, hitting $70.33. 43,277 shares of the company were exchanged, compared to its average volume of 189,777. The company has a market capitalization 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 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's 50 day simple moving average is $74.08 and its two-hundred day simple moving average is $75.63.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its 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. The business had revenue of $173.51 million during the quarter, compared to analysts' expectations of $173.27 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 EPS. Analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. Pathward Financial's dividend payout ratio is currently 2.92%.

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.