AlphaQuest LLC lowered its holdings in Pathward Financial, Inc. (NASDAQ:CASH – Free Report) by 44.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,155 shares of the savings and loans company’s stock after selling 8,964 shares during the period. AlphaQuest LLC’s holdings in Pathward Financial were worth $826,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new stake in Pathward Financial in the 4th quarter valued at about $267,437,000. American Century Companies Inc. increased its stake in shares of Pathward Financial by 5.8% in the second quarter. American Century Companies Inc. now owns 726,051 shares of the savings and loans company’s stock valued at $57,445,000 after purchasing an additional 39,628 shares during the period. Neumeier Poma Investment Counsel LLC increased its stake in shares of Pathward Financial by 62.1% in the second quarter. Neumeier Poma Investment Counsel LLC now owns 215,135 shares of the savings and loans company’s stock valued at $17,021,000 after purchasing an additional 82,455 shares during the period. Elgethun Capital Management raised its holdings in shares of Pathward Financial by 0.7% during the second quarter. Elgethun Capital Management now owns 175,215 shares of the savings and loans company’s stock valued at $13,863,000 after buying an additional 1,256 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of Pathward Financial by 0.9% during the second quarter. Panagora Asset Management Inc. now owns 166,137 shares of the savings and loans company’s stock worth $13,145,000 after buying an additional 1,456 shares during the period. 92.66% of the stock is currently owned by institutional investors and hedge funds.
Pathward Financial Stock Performance
CASH opened at $91.08 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.02 billion, a PE ratio of 11.13 and a beta of 0.75. The business has a fifty day simple moving average of $75.78 and a 200-day simple moving average of $74.74. Pathward Financial, Inc. has a fifty-two week low of $64.45 and a fifty-two week high of $92.37.
Pathward Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Pathward Financial’s payout ratio is presently 2.44%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Keefe, Bruyette & Woods raised Pathward Financial from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research note on Friday, January 23rd. Wall Street Zen lowered Pathward Financial from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings upgraded shares of Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $97.00.
View Our Latest Analysis on CASH
About Pathward Financial
Pathward Financial (NASDAQ:CASH) is a U.S.-based financial services company that operates through its wholly owned subsidiary, Pathward Bank. The company provides a range of banking and payment solutions designed for consumers, small businesses, community banks and fintech partners. Core offerings include deposit accounts, consumer and commercial lending, debit and prepaid card programs, digital banking platforms and treasury management services.
Through its banking charter, Pathward Financial delivers customizable payment solutions, including prepaid cards, payroll cards and benefit disbursement programs.
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