Neumeier Poma Investment Counsel LLC Invests $9.68 Million in Pathward Financial, Inc. (NASDAQ:CASH)

Key Points

• Neumeier Poma Investment Counsel LLC has invested approximately $9.68 million in Pathward Financial, acquiring 132,680 shares of the company.
• Pathward Financial has reported a net margin of 22.23% and a revenue increase of 10.8% year-over-year, with earnings per share of $1.81 for the latest quarter.
• The company recently declared a quarterly dividend of $0.05 per share, yielding 0.3% annually, with a payout ratio of 2.65%.

Neumeier Poma Investment Counsel LLC acquired a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 132,680 shares of the savings and loans company's stock, valued at approximately $9,679,000. Neumeier Poma Investment Counsel LLC owned 0.56% of Pathward Financial at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Pathward Financial during the first quarter worth $35,000. Sterling Capital Management LLC increased its position in shares of 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 acquiring an additional 516 shares during the period. USAdvisors Wealth Management LLC increased its position in shares of 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 acquiring an additional 164 shares during the period. Vestcor Inc purchased a new stake in shares of Pathward Financial during the first quarter worth $123,000. Finally, Bank of Montreal Can purchased a new stake in shares of Pathward Financial during the fourth quarter worth $201,000. Hedge funds and other institutional investors own 92.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Pathward Financial from $86.00 to $88.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th. Piper Sandler boosted their target price on shares of Pathward Financial from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd.

Pathward Financial Stock Performance

Shares of CASH stock opened at $73.80 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $78.49 and a 200 day moving average price of $77.12. The company has a market cap of $1.76 billion, a P/E ratio of 9.76 and a beta of 0.62. Pathward Financial, Inc. has a 12 month low of $60.49 and a 12 month 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 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 22.16%. The company 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 firm posted $1.66 earnings per share. Pathward Financial's revenue for the quarter was up 10.8% on a year-over-year basis. Sell-side analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.20 annualized dividend and a yield of 0.3%. Pathward Financial's dividend payout ratio is currently 2.65%.

Pathward Financial Company 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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