Virtu Financial LLC Takes Position in Pathward Financial, Inc. (NASDAQ:CASH)

Virtu Financial LLC bought a new stake in Pathward Financial, Inc. (NASDAQ:CASH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,760 shares of the savings and loans company’s stock, valued at approximately $277,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC lifted its position in shares of Pathward Financial by 5.3% in the third quarter. Intech Investment Management LLC now owns 11,453 shares of the savings and loans company’s stock valued at $756,000 after buying an additional 579 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Pathward Financial by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 328,413 shares of the savings and loans company’s stock valued at $21,679,000 after acquiring an additional 1,733 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Pathward Financial during the 3rd quarter valued at $718,000. FMR LLC boosted its position in Pathward Financial by 6.9% during the third quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock worth $135,471,000 after purchasing an additional 132,067 shares during the period. Finally, Quantbot Technologies LP increased its holdings in shares of Pathward Financial by 10.2% in the third quarter. Quantbot Technologies LP now owns 11,571 shares of the savings and loans company’s stock valued at $764,000 after purchasing an additional 1,070 shares during the last quarter. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Performance

Shares of NASDAQ CASH opened at $75.07 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 10.94 and a beta of 0.69. The stock’s fifty day moving average price is $76.90 and its two-hundred day moving average price is $75.26. Pathward Financial, Inc. has a one year low of $48.15 and a one year high of $86.00.

Pathward Financial (NASDAQ:CASH) last released 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 for the quarter, compared to the consensus estimate of $173.27 million. During the same period in the prior year, the company posted $1.06 earnings per share. Pathward Financial’s revenue was up 6.6% compared to the same quarter last year. On average, equities analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

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

Analysts Set New Price Targets

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

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.