New York State Teachers Retirement System decreased its position in Pathward Financial, Inc. (NASDAQ:CASH – Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,465 shares of the savings and loans company’s stock after selling 932 shares during the period. New York State Teachers Retirement System owned about 0.11% of Pathward Financial worth $1,320,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in CASH. Assenagon Asset Management S.A. raised its holdings in shares of Pathward Financial by 292.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 233,267 shares of the savings and loans company’s stock worth $10,814,000 after buying an additional 173,785 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Pathward Financial in the 1st quarter worth approximately $5,605,000. State Street Corp raised its holdings in shares of Pathward Financial by 9.1% in the 1st quarter. State Street Corp now owns 1,619,290 shares of the savings and loans company’s stock worth $89,010,000 after buying an additional 134,591 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Pathward Financial by 171.4% in the 4th quarter. JPMorgan Chase & Co. now owns 158,572 shares of the savings and loans company’s stock worth $6,827,000 after buying an additional 100,154 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Pathward Financial by 191.9% in the 1st quarter. Deutsche Bank AG now owns 132,923 shares of the savings and loans company’s stock worth $5,515,000 after buying an additional 87,387 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. StockNews.com assumed coverage on Pathward Financial in a report on Thursday, October 5th. They issued a “hold” rating for the company. Piper Sandler increased their target price on Pathward Financial from $62.00 to $67.00 in a report on Thursday, July 27th.
Pathward Financial Trading Down 1.8 %
CASH stock opened at $42.80 on Wednesday. The business has a fifty day moving average price of $47.50 and a 200 day moving average price of $47.44. Pathward Financial, Inc. has a fifty-two week low of $37.93 and a fifty-two week high of $60.49. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.84 and a beta of 0.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.68 and a quick ratio of 0.67.
Pathward Financial (NASDAQ:CASH – Get Free Report) last released its quarterly earnings results on Wednesday, July 26th. The savings and loans company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.34. Pathward Financial had a return on equity of 24.16% and a net margin of 22.39%. The firm had revenue of $165.20 million during the quarter, compared to analysts’ expectations of $167.59 million. Analysts expect that Pathward Financial, Inc. will post 6 EPS for the current fiscal year.
Pathward Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Tuesday, September 12th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. Pathward Financial’s dividend payout ratio is 3.66%.
Pathward Financial Company Profile
Pathward Financial, Inc operates as the 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, money market savings accounts, and certificate accounts.
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