Vinva Investment Management Ltd Grows Position in Pathward Financial, Inc. (NASDAQ:CASH)

Vinva Investment Management Ltd increased its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 6.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 110,809 shares of the savings and loans company’s stock after purchasing an additional 6,301 shares during the quarter. Vinva Investment Management Ltd’s holdings in Pathward Financial were worth $8,153,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Xponance Inc. purchased a new position in shares of Pathward Financial during the 4th quarter worth about $307,000. Royce & Associates LP boosted its stake in shares of Pathward Financial by 31.7% during the 4th quarter. Royce & Associates LP now owns 16,614 shares of the savings and loans company’s stock worth $1,222,000 after purchasing an additional 4,000 shares during the period. Natixis Advisors LLC purchased a new position in shares of Pathward Financial during the 4th quarter worth about $1,739,000. Amundi boosted its stake in shares of Pathward Financial by 186.7% during the 4th quarter. Amundi now owns 12,607 shares of the savings and loans company’s stock worth $939,000 after purchasing an additional 8,210 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in Pathward Financial in the 4th quarter valued at about $3,734,999,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Pathward Financial Price Performance

Pathward Financial stock opened at $72.31 on Wednesday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 10.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. Pathward Financial, Inc. has a 1 year low of $47.45 and a 1 year high of $86.00. The firm has a 50-day moving average of $76.93 and a two-hundred day moving average of $75.03.

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

Pathward Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.05 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. Pathward Financial’s dividend payout ratio is currently 2.92%.

Analysts Set New Price Targets

CASH has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective 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 lowered their price objective 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.

About Pathward Financial

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.