Vanguard Group Inc. Cuts Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

Vanguard Group Inc. lessened its position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,778,947 shares of the savings and loans company's stock after selling 88,171 shares during the quarter. Vanguard Group Inc. owned 7.38% of Pathward Financial worth $130,895,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Pathward Financial in the fourth quarter worth approximately $3,734,999,000. Revolve Wealth Partners LLC bought a new stake in shares of Pathward Financial during the 4th quarter valued at $267,437,000. State Street Corp increased its stake in shares of Pathward Financial by 1.4% in the 3rd quarter. State Street Corp now owns 1,274,851 shares of the savings and loans company's stock worth $84,218,000 after purchasing an additional 17,004 shares in the last quarter. Geode Capital Management LLC raised its holdings in Pathward Financial by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company's stock worth $46,206,000 after purchasing an additional 18,936 shares during the period. Finally, American Century Companies Inc. lifted its position in Pathward Financial by 10.8% during the fourth quarter. American Century Companies Inc. now owns 643,150 shares of the savings and loans company's stock valued at $47,323,000 after purchasing an additional 62,931 shares in the last quarter. Institutional investors own 92.66% of the company's stock.

Analyst Ratings Changes

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

Pathward Financial Price Performance

CASH stock traded up $0.59 during trading on Friday, reaching $67.79. The company's stock had a trading volume of 218,407 shares, compared to its average volume of 189,768. 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 fifty day moving average is $74.55 and its 200-day moving average is $75.56. The company has a market capitalization of $1.62 billion, a P/E ratio of 9.88 and a beta of 0.44. Pathward Financial, Inc. has a 1 year low of $48.15 and a 1 year high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The firm had revenue of $173.51 million during the quarter, compared to analysts' expectations of $173.27 million. During the same quarter last year, the business posted $1.06 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. On average, research analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.30%. Pathward Financial's 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.