Pathward Financial, Inc. (NASDAQ:CASH) Shares Bought by Mawer Investment Management Ltd.

Key Points

• Mawer Investment Management Ltd. increased its holdings in Pathward Financial by 11.1%, acquiring an additional 28,829 shares during the first quarter, for a total of 287,644 shares valued at approximately $20.98 million.
• The company reported earnings of $1.81 per share for the last quarter, exceeding analysts' expectations of $1.57, along with a revenue increase of 10.8% year over year.
• Pathward Financial announced a quarterly dividend of $0.05 per share, resulting in an annualized yield of 0.25% and a payout ratio of 2.70%.

Mawer Investment Management Ltd. lifted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 11.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 287,644 shares of the savings and loans company's stock after purchasing an additional 28,829 shares during the quarter. Mawer Investment Management Ltd. owned 1.21% of Pathward Financial worth $20,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CASH. Revolve Wealth Partners LLC bought a new position in Pathward Financial in the 4th quarter worth about $267,437,000. FMR LLC boosted its holdings in Pathward Financial by 7.4% during the 4th quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company's stock valued at $162,141,000 after acquiring an additional 151,316 shares during the period. Geode Capital Management LLC boosted its holdings in Pathward Financial by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 711,538 shares of the savings and loans company's stock valued at $52,365,000 after acquiring an additional 11,654 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Pathward Financial by 52.2% in the 4th quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company's stock valued at $41,885,000 after purchasing an additional 195,331 shares during the period. Finally, Putney Financial Group LLC purchased a new position in shares of Pathward Financial in the 4th quarter valued at approximately $32,223,000. 92.66% of the stock is currently owned by institutional investors.

Pathward Financial Stock Performance

NASDAQ CASH traded down $0.55 on Friday, hitting $75.08. 183,334 shares of the company traded hands, compared to its average volume of 199,885. The business's 50 day moving average price is $78.74 and its 200-day moving average price is $77.19. Pathward Financial, Inc. has a 52-week low of $60.42 and a 52-week high of $86.00. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 9.94 and a beta of 0.62. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04.

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 EPS for the quarter, beating the consensus estimate of $1.57 by $0.24. Pathward Financial had a return on equity of 22.16% and a net margin of 22.23%. The business had revenue of $195.80 million for the quarter, compared to the consensus estimate of $184.80 million. During the same period in the previous year, the business earned $1.66 earnings per share. The business's revenue was up 10.8% on a year-over-year basis. Equities analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current 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. 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

CASH has been the subject of a number of analyst reports. Piper Sandler raised their price objective on Pathward Financial from $91.00 to $94.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods raised their price objective on Pathward Financial from $86.00 to $88.00 and gave the company a "market perform" rating in a research report on Friday, July 11th.

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.