Van Hulzen Asset Management LLC Acquires Shares of 24,500 Pathward Financial, Inc. $CASH

Key Points

• Van Hulzen Asset Management LLC acquired 24,500 shares of Pathward Financial, Inc., valued at approximately $1.79 million, indicating a growing institutional interest in the company.
• Pathward Financial reported a strong earnings performance with $1.81 EPS, exceeding analyst predictions, and a year-over-year revenue growth of 10.8%.
• Analysts have a consensus rating of "Moderate Buy" for Pathward Financial, with a target price of $91.00, reflecting positive market sentiment.

Van Hulzen Asset Management LLC acquired a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 24,500 shares of the savings and loans company's stock, valued at approximately $1,787,000. Van Hulzen Asset Management LLC owned approximately 0.10% of Pathward Financial at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CASH. Revolve Wealth Partners LLC purchased a new stake in Pathward Financial during the 4th quarter valued at approximately $267,437,000. Wells Fargo & Company MN boosted its stake in Pathward Financial by 28.1% during the fourth quarter. Wells Fargo & Company MN now owns 14,116 shares of the savings and loans company's stock worth $1,039,000 after buying an additional 3,100 shares during the period. Envestnet Asset Management Inc. boosted its stake in Pathward Financial by 9.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,062 shares of the savings and loans company's stock worth $1,329,000 after buying an additional 1,513 shares during the period. Bank of Montreal Can purchased a new position in Pathward Financial during the fourth quarter worth $201,000. Finally, Renaissance Technologies LLC purchased a new position in Pathward Financial during the fourth quarter worth $412,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price objective 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. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.00.

Pathward Financial Price Performance

Shares of CASH stock opened at $75.16 on Friday. Pathward Financial, Inc. has a fifty-two week low of $62.79 and a fifty-two week high of $86.00. The firm 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 debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 0.78. The stock's 50-day simple moving average is $78.02 and its 200-day simple moving average is $76.81.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its earnings results on Monday, July 28th. The savings and loans company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.24. Pathward Financial had a return on equity of 22.16% and a net margin of 22.23%.The firm had revenue of $195.80 million for the quarter, compared to analyst estimates of $184.80 million. During the same quarter in the prior year, the firm earned $1.66 earnings per share. Pathward Financial's revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. 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.

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