Militia Capital Partners LP Acquires Shares of 10,000 Pathward Financial, Inc. $CASH

Key Points

• Militia Capital Partners LP has acquired 10,000 shares of Pathward Financial, valued at approximately $730,000, as part of their first-quarter investment strategy.
• Pathward Financial has seen significant institutional interest, with hedge funds and investors owning 92.66% of the company's stock, and notable increases in holdings from various investment firms.
• The company's recent earnings report showed an EPS of $1.81, exceeding expectations, alongside a 10.8% year-over-year revenue growth of $195.80 million.

Militia Capital Partners LP acquired a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the savings and loans company's stock, valued at approximately $730,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new position in Pathward Financial during the first quarter valued at $235,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Pathward Financial by 1,023.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 78,437 shares of the savings and loans company's stock valued at $5,799,000 after acquiring an additional 71,458 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Pathward Financial by 2.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 235,005 shares of the savings and loans company's stock valued at $17,144,000 after acquiring an additional 6,305 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Pathward Financial during the first quarter valued at $572,000. Finally, GAMMA Investing LLC increased its holdings in shares of Pathward Financial by 8,971.9% during the first quarter. GAMMA Investing LLC now owns 45,813 shares of the savings and loans company's stock valued at $3,342,000 after acquiring an additional 45,308 shares in the last quarter. Hedge funds and other institutional investors own 92.66% of the company's stock.

Wall Street Analysts Forecast Growth

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

Pathward Financial Price Performance

NASDAQ CASH opened at $76.45 on Friday. Pathward Financial, Inc. has a one year low of $62.79 and a one year high of $86.00. The stock has a 50-day moving average of $78.38 and a 200 day moving average of $76.64. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.11 and a beta of 0.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 0.78.

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, topping the consensus estimate of $1.57 by $0.24. Pathward Financial had a return on equity of 22.41% and a net margin of 22.23%.The company had revenue of $195.80 million during the quarter, compared to the consensus estimate of $184.80 million. During the same period last year, the company earned $1.66 EPS. Pathward Financial's revenue for the quarter was up 10.8% on a year-over-year basis. On average, sell-side analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

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

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.

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