Epoch Investment Partners Inc. Boosts Stake in Pathward Financial, Inc. (NASDAQ:CASH)

Epoch Investment Partners Inc. increased its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,013 shares of the savings and loans company’s stock after acquiring an additional 1,892 shares during the period. Epoch Investment Partners Inc. owned approximately 0.23% of Pathward Financial worth $4,048,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CASH. Smartleaf Asset Management LLC boosted its stake in shares of 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 worth $41,000 after acquiring an additional 414 shares in the last quarter. Sterling Capital Management LLC boosted its position in Pathward Financial by 726.8% during the fourth quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company’s stock worth $43,000 after purchasing an additional 516 shares in the last quarter. KBC Group NV boosted its position in Pathward Financial by 45.8% during 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. Bank of Montreal Can acquired a new stake in Pathward Financial in the fourth quarter valued at $201,000. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Pathward Financial in the fourth quarter valued at $210,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Down 0.2 %

CASH opened at $70.33 on Monday. The business’s fifty day simple moving average is $73.52 and its 200 day simple moving average is $75.82. Pathward Financial, Inc. has a 52 week low of $50.00 and a 52 week high of $86.00. The firm has a market cap of $1.68 billion, a P/E ratio of 10.25 and a beta of 0.44. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The business had revenue of $173.51 million for 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 quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, equities research analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.28%. Pathward Financial’s dividend payout ratio (DPR) is presently 2.92%.

Analyst Ratings Changes

Separately, Piper Sandler reduced their price target on shares of Pathward Financial from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd.

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.