Xponance Inc. Makes New Investment in Pathward Financial, Inc. (NASDAQ:CASH)

Xponance Inc. bought a new stake in Pathward Financial, Inc. (NASDAQ:CASH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,167 shares of the savings and loans company’s stock, valued at approximately $307,000.

A number of other hedge funds also recently modified their holdings of the business. Point72 DIFC Ltd acquired a new position in Pathward Financial during the third quarter valued at $35,000. Smartleaf Asset Management LLC grew its stake 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 acquiring an additional 414 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Pathward Financial in the 3rd quarter valued at about $94,000. KBC Group NV lifted its position in shares of Pathward Financial by 45.8% in the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock worth $104,000 after purchasing an additional 445 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Pathward Financial during the third quarter worth approximately $264,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CASH shares. Piper Sandler cut their target price 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. Keefe, Bruyette & Woods increased their price objective on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Pathward Financial Trading Down 0.3 %

Shares of NASDAQ CASH opened at $75.07 on Friday. The business has a 50 day simple moving average of $76.90 and a 200 day simple moving average of $75.26. Pathward Financial, Inc. has a 52 week low of $48.15 and a 52 week high of $86.00. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 10.94 and a beta of 0.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77.

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 the consensus estimate of $1.24 by $0.05. The company 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 company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 earnings per share. On average, research analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.27%. The ex-dividend date is Thursday, March 13th. Pathward Financial’s 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.