Teacher Retirement System of Texas Buys 7,364 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Teacher Retirement System of Texas boosted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,470 shares of the savings and loans company’s stock after buying an additional 7,364 shares during the period. Teacher Retirement System of Texas owned approximately 0.19% of Pathward Financial worth $3,346,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CASH. Point72 DIFC Ltd bought a new position in shares of Pathward Financial during the third quarter valued at $35,000. Smartleaf Asset Management LLC grew its position in Pathward Financial by 302.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock valued at $41,000 after purchasing an additional 414 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Pathward Financial during the 3rd quarter valued at about $94,000. KBC Group NV increased its stake in Pathward Financial by 45.8% during the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock valued at $104,000 after purchasing an additional 445 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Pathward Financial in the third quarter worth about $264,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CASH. Keefe, Bruyette & Woods raised their price target on shares of Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler reduced their target price on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd.

Pathward Financial Stock Performance

Shares of CASH stock opened at $75.31 on Tuesday. 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 has a 50 day moving average price of $76.98 and a 200-day moving average price of $75.20. Pathward Financial, Inc. has a 52 week low of $48.15 and a 52 week high of $86.00. The firm has a market capitalization of $1.80 billion, a PE ratio of 10.98 and a beta of 0.69.

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

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 13th. Pathward Financial’s dividend payout ratio is 2.92%.

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.