Pathward Financial, Inc. (NASDAQ:CASH) Position Lifted by Elgethun Capital Management

Key Points

• Elgethun Capital Management increased its stake in Pathward Financial by 4.5%, now holding approximately 0.73% of the company, making it the 9th largest position in their portfolio.
• Pathward Financial's most recent earnings report showed an EPS of $1.81, surpassing estimates and reflecting a 10.8% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.05 per share, with a current dividend yield of 0.3%.

Elgethun Capital Management raised its holdings in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 173,959 shares of the savings and loans company's stock after purchasing an additional 7,470 shares during the quarter. Pathward Financial comprises approximately 2.8% of Elgethun Capital Management's portfolio, making the stock its 9th largest holding. Elgethun Capital Management owned about 0.73% of Pathward Financial worth $12,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new position in shares of Pathward Financial in the fourth quarter valued at $267,437,000. Putney Financial Group LLC acquired a new stake in Pathward Financial during the fourth quarter valued at approximately $32,223,000. FMR LLC boosted its holdings in shares of Pathward Financial by 7.4% in the fourth quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company's stock worth $162,141,000 after buying an additional 151,316 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of Pathward Financial in the fourth quarter worth about $7,343,000. Finally, Allspring Global Investments Holdings LLC boosted 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 worth $5,799,000 after purchasing an additional 71,458 shares during the period. Hedge funds and other institutional investors own 92.66% of the company's stock.

Wall Street Analysts Forecast Growth

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

Pathward Financial Stock Performance

CASH traded down $0.31 during midday trading on Monday, reaching $73.50. The company had a trading volume of 35,393 shares, compared to its average volume of 199,630. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average of $78.29 and a two-hundred day moving average of $77.04. The company has a market cap of $1.75 billion, a P/E ratio of 9.72 and a beta of 0.62. Pathward Financial, Inc. has a 1 year low of $60.49 and a 1 year 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 for the quarter, topping analysts' consensus estimates of $1.57 by $0.24. The firm had revenue of $195.80 million during the quarter, compared to analyst estimates of $184.80 million. Pathward Financial had a return on equity of 22.16% and a net margin of 22.23%. 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 company posted $1.66 earnings per share. As a group, equities research analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, June 13th. Pathward Financial's dividend payout ratio is presently 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.