Natixis Advisors LLC Has $1.98 Million Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Key Points

• Natixis Advisors LLC increased its stake in Pathward Financial by 14.7% in Q1, holding 27,121 shares valued at approximately $1.98 million.
• Pathward Financial reported a quarterly EPS of $1.81, exceeding analysts' expectations, with revenues reaching $195.80 million.
• Recent analyst upgrades have set price targets for Pathward Financial, with Piper Sandler raising it to $94.00 and Keefe, Bruyette & Woods to $88.00.

Natixis Advisors LLC boosted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,121 shares of the savings and loans company's stock after purchasing an additional 3,481 shares during the period. Natixis Advisors LLC owned 0.11% of Pathward Financial worth $1,978,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CASH. Opal Wealth Advisors LLC acquired a new position in Pathward Financial during the first quarter worth approximately $35,000. Sterling Capital Management LLC increased its position 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. USAdvisors Wealth Management LLC increased its position in Pathward Financial by 37.0% during the first quarter. USAdvisors Wealth Management LLC now owns 607 shares of the savings and loans company's stock worth $44,000 after buying an additional 164 shares during the last quarter. Vestcor Inc acquired a new stake in Pathward Financial during the first quarter worth approximately $123,000. Finally, Bank of Montreal Can acquired a new stake in Pathward Financial during the fourth quarter worth approximately $201,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CASH shares. Keefe, Bruyette & Woods raised their price objective on shares of Pathward Financial from $86.00 to $88.00 and gave the stock a "market perform" rating in a research report on Friday, July 11th. Piper Sandler raised their price objective on shares of Pathward Financial from $91.00 to $94.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd.

Pathward Financial Price Performance

Shares of Pathward Financial stock traded up $1.34 on Wednesday, reaching $76.65. 45,503 shares of the stock were exchanged, compared to its average volume of 199,656. The firm's 50 day moving average is $78.16 and its 200-day moving average is $76.98. Pathward Financial, Inc. has a one year low of $61.03 and a one year high of $86.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 0.78. The firm has a market cap of $1.83 billion, a PE ratio of 10.14 and a beta of 0.62.

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, topping analysts' consensus estimates of $1.57 by $0.24. The business had revenue of $195.80 million during the quarter, compared to analysts' expectations of $184.80 million. Pathward Financial had a net margin of 22.23% and a return on equity of 22.16%. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. As a group, analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, June 13th. Pathward Financial's dividend payout ratio is currently 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.