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

Several other hedge funds also recently added to or reduced their stakes in CASH. Revolve Wealth Partners LLC bought a new stake in Pathward Financial in the fourth quarter worth about $267,437,000. Putney Financial Group LLC bought a new stake in shares of Pathward Financial during the 4th quarter worth approximately $32,223,000. Nuveen LLC purchased a new position in Pathward Financial during the 1st quarter valued at $22,795,000. Wellington Management Group LLP bought a new position in Pathward Financial in the 1st quarter valued at $12,999,000. Finally, Neumeier Poma Investment Counsel LLC purchased a new stake in Pathward Financial in the first quarter worth $9,679,000. 92.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price target on shares of Pathward Financial from $86.00 to $88.00 and gave the stock 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.00.

Pathward Financial Trading Up 1.5%

Pathward Financial stock traded up $1.09 during trading hours on Wednesday, hitting $75.71. The company had a trading volume of 58,287 shares, compared to its average volume of 191,822. The firm has a market cap of $1.72 billion, a P/E ratio of 10.01 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, Inc. has a 1 year low of $62.79 and a 1 year high of $86.00. The company has a 50-day moving average price of $77.90 and a two-hundred day moving average price of $76.59.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.24. Pathward Financial had a net margin of 22.23% and a return on equity of 22.53%. The company had revenue of $195.80 million during the quarter, compared to analysts' expectations of $184.80 million. During the same period in the previous year, the company earned $1.66 EPS. The firm's quarterly revenue was up 10.8% on a year-over-year basis. On average, sell-side analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Announces Dividend

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