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 stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in Pathward Financial during the 4th quarter valued at $267,437,000. Raymond James Financial Inc. bought a new stake in Pathward Financial during the 4th quarter valued at $279,000. Pictet Asset Management Holding SA acquired a new stake in shares of Pathward Financial in the 4th quarter worth $210,000. Alliancebernstein L.P. boosted its position in shares of Pathward Financial by 52.8% in the 4th quarter. Alliancebernstein L.P. now owns 46,412 shares of the savings and loans company's stock worth $3,415,000 after purchasing an additional 16,032 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Pathward Financial by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 711,538 shares of the savings and loans company's stock worth $52,365,000 after purchasing an additional 11,654 shares in the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Pathward Financial Stock Down 0.6%

Shares of CASH stock traded down $0.45 on Monday, reaching $73.37. 53,617 shares of the stock were exchanged, compared to its average volume of 199,735. 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 business's 50 day moving average price is $78.29 and its 200 day moving average price is $77.04. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 9.70 and a beta of 0.62. Pathward Financial, Inc. has a twelve month low of $60.49 and a twelve month high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its earnings results on Monday, July 28th. The savings and loans company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.24. The business had revenue of $195.80 million during the quarter, compared to the consensus estimate of $184.80 million. Pathward Financial had a net margin of 22.23% and a return on equity of 22.16%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.66 earnings per share. As a group, sell-side analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share 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 paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, June 13th. Pathward Financial's payout ratio is presently 2.65%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective 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. Piper Sandler lifted their price target on Pathward Financial from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Wednesday, April 23rd.

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.