Aptus Capital Advisors LLC Has $8.21 Million Stake in Pathward Financial, Inc. $CASH

Key Points

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Aptus Capital Advisors LLC lifted its position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 12.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,516 shares of the savings and loans company's stock after acquiring an additional 12,722 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.47% of Pathward Financial worth $8,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CASH. Revolve Wealth Partners LLC bought a new stake in shares of Pathward Financial during the fourth quarter worth $267,437,000. Putney Financial Group LLC bought a new stake in shares of Pathward Financial during the fourth quarter worth $32,223,000. Nuveen LLC bought a new stake in shares of Pathward Financial during the first quarter worth $22,795,000. Neumeier Poma Investment Counsel LLC bought a new stake in shares of Pathward Financial during the first quarter worth $9,679,000. Finally, Invesco Ltd. raised its position in shares of Pathward Financial by 30.9% during the first quarter. Invesco Ltd. now owns 307,261 shares of the savings and loans company's stock worth $22,415,000 after acquiring an additional 72,542 shares during the last quarter. Institutional investors own 92.66% of the company's stock.

Pathward Financial Trading Up 4.8%

NASDAQ CASH traded up $3.58 on Friday, reaching $78.74. The company had a trading volume of 187,548 shares, compared to its average volume of 192,398. The stock's 50 day moving average is $78.11 and its 200-day moving average is $76.80. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 10.42 and a beta of 0.62. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 52 week low of $62.79 and a 52 week high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The savings and loans company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.24. Pathward Financial had a return on equity of 22.16% and a net margin of 22.23%.The business had revenue of $195.80 million during the quarter, compared to the consensus estimate of $184.80 million. During the same quarter in the prior year, the company posted $1.66 earnings per share. The firm's revenue was up 10.8% on a year-over-year basis. Equities analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, September 10th. Pathward Financial's payout ratio is presently 2.65%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their target price on Pathward Financial from $86.00 to $88.00 and gave the stock a "market perform" rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.00.

About Pathward Financial

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.