Kennedy Capital Management LLC Invests $1.89 Million in Pathward Financial, Inc. (NASDAQ:CASH)

Kennedy Capital Management LLC bought a new position in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,707 shares of the savings and loans company's stock, valued at approximately $1,892,000. Kennedy Capital Management LLC owned approximately 0.11% of Pathward Financial at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CASH. CenterBook Partners LP grew its position in Pathward Financial by 69.8% during the 4th quarter. CenterBook Partners LP now owns 30,468 shares of the savings and loans company's stock worth $2,242,000 after acquiring an additional 12,522 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Pathward Financial during the fourth quarter worth $279,000. Renaissance Technologies LLC acquired a new stake in shares of Pathward Financial in the fourth quarter valued at $412,000. Bank of Montreal Can bought a new position in shares of Pathward Financial in the fourth quarter valued at about $201,000. Finally, FMR LLC lifted its position 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 worth $162,141,000 after buying an additional 151,316 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler lowered their price objective on shares of Pathward Financial from $94.00 to $91.00 and set an "overweight" rating for the company in a research report on Wednesday, January 22nd.

Pathward Financial Trading Down 0.2 %

NASDAQ:CASH traded down $0.17 during trading hours on Friday, hitting $70.33. 274,437 shares of the stock were exchanged, compared to its average volume of 192,046. The company has a market capitalization of $1.68 billion, a P/E ratio of 10.25 and a beta of 0.44. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. The company's 50 day moving average is $73.52 and its two-hundred day moving average is $75.82. Pathward Financial, Inc. has a twelve month low of $50.00 and a twelve month high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The business had revenue of $173.51 million for the quarter, compared to analyst estimates of $173.27 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. On average, sell-side analysts anticipate 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, April 1st. Stockholders of record on Thursday, March 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial's dividend payout ratio is 2.92%.

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.