Van Hulzen Asset Management LLC Invests $1.79 Million in 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 purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,500 shares of the savings and loans company's stock, valued at approximately $1,787,000. Van Hulzen Asset Management LLC owned about 0.10% of Pathward Financial as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CASH. Opal Wealth Advisors LLC purchased a new position in Pathward Financial during the 1st quarter worth approximately $35,000. Sterling Capital Management LLC lifted its position in Pathward Financial by 726.8% during the 4th quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company's stock worth $43,000 after acquiring an additional 516 shares during the period. USAdvisors Wealth Management LLC lifted its position in Pathward Financial by 37.0% during the 1st quarter. USAdvisors Wealth Management LLC now owns 607 shares of the savings and loans company's stock worth $44,000 after acquiring an additional 164 shares during the period. Vestcor Inc acquired a new stake in Pathward Financial during the 1st quarter worth approximately $123,000. Finally, Bank of Montreal Can acquired a new stake in Pathward Financial during the 4th quarter worth approximately $201,000. Hedge funds and other institutional investors own 92.66% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased 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. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.00.

Pathward Financial Price Performance

Shares of Pathward Financial stock traded up $0.84 during trading on Wednesday, reaching $80.12. The company's stock had a trading volume of 47,079 shares, compared to its average volume of 196,273. The business has a 50 day moving average price of $78.31 and a 200-day moving average price of $76.75. The company has a market capitalization of $1.91 billion, a P/E ratio of 10.57 and a beta of 0.62. Pathward Financial, Inc. has a 12-month low of $62.79 and a 12-month high of $86.00. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The savings and loans company reported $1.81 earnings per share (EPS) 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%.Pathward Financial's revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 earnings per share. As a group, sell-side analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 10th. Pathward Financial's payout ratio is 2.65%.

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.