Nantahala Capital Management LLC Sells 72,860 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Nantahala Capital Management LLC cut its stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 27.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,343 shares of the savings and loans company's stock after selling 72,860 shares during the period. Nantahala Capital Management LLC owned approximately 0.80% of Pathward Financial worth $14,079,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Northern Trust Corp raised its stake in Pathward Financial by 1.1% in the fourth quarter. Northern Trust Corp now owns 268,016 shares of the savings and loans company's stock valued at $19,721,000 after purchasing an additional 2,854 shares in the last quarter. Tudor Investment Corp ET AL raised its position in shares of Pathward Financial by 31.6% in the 4th quarter. Tudor Investment Corp ET AL now owns 87,016 shares of the savings and loans company's stock valued at $6,403,000 after buying an additional 20,905 shares in the last quarter. Aquatic Capital Management LLC lifted its holdings in shares of Pathward Financial by 11.1% during the 4th quarter. Aquatic Capital Management LLC now owns 5,333 shares of the savings and loans company's stock worth $392,000 after acquiring an additional 533 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Pathward Financial during the 4th quarter worth approximately $1,795,000. Finally, Two Sigma Securities LLC bought a new position in Pathward Financial in the fourth quarter valued at approximately $344,000. 92.66% of the stock is currently owned by institutional investors.

Pathward Financial Stock Performance

Pathward Financial stock opened at $78.96 on Monday. 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 stock has a market cap of $1.88 billion, a PE ratio of 11.51 and a beta of 0.44. Pathward Financial, Inc. has a 12-month low of $50.00 and a 12-month high of $86.00. The business's 50-day moving average price is $73.14 and its two-hundred day moving average price is $76.09.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.40. The company had revenue of $262.90 million for the quarter, compared to analyst estimates of $256.30 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. During the same period in the previous year, the firm posted $2.56 EPS. As a group, analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Thursday, March 13th. Pathward Financial's dividend payout ratio (DPR) is 2.70%.

Analysts Set New Price Targets

Separately, Piper Sandler upped their target price on Pathward Financial from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd.

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.

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