Pathward Financial, Inc. (NASDAQ:CASH) Shares Bought 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 lifted its stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,959 shares of the savings and loans company's stock after acquiring an additional 7,470 shares during the period. Pathward Financial makes up 2.8% of Elgethun Capital Management's portfolio, making the stock its 9th largest holding. Elgethun Capital Management owned approximately 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 modified their holdings of CASH. Opal Wealth Advisors LLC bought a new position in shares of Pathward Financial during the first quarter valued at $35,000. Sterling Capital Management LLC lifted its holdings 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 valued at $43,000 after acquiring an additional 516 shares during the period. USAdvisors Wealth Management LLC lifted its holdings 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 valued at $44,000 after acquiring an additional 164 shares during the period. Vestcor Inc bought a new position in shares of Pathward Financial during the first quarter valued at $123,000. Finally, Bank of Montreal Can bought a new position in shares of Pathward Financial in the fourth quarter valued at about $201,000. Institutional investors and hedge funds own 92.66% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler lifted their price target on 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 lifted their price target on Pathward Financial from $86.00 to $88.00 and gave the company a "market perform" rating in a report on Friday, July 11th.

Pathward Financial Trading Up 2.1%

NASDAQ:CASH traded up $1.49 on Friday, hitting $73.81. 151,754 shares of the stock were exchanged, compared to its average volume of 200,464. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 9.76 and a beta of 0.62. Pathward Financial, Inc. has a 52 week low of $60.49 and a 52 week 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 company's 50-day moving average price is $78.29 and its 200 day moving average price is $77.05.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $195.80 million during the quarter, compared to analysts' expectations of $184.80 million. Pathward Financial had a return on equity of 22.16% and a net margin of 22.23%. The company's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.66 EPS. On average, equities research analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a dividend of $0.05 per share. 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 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.