Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Elgethun Capital Management

Elgethun Capital Management reduced its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 14.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 166,489 shares of the savings and loans company’s stock after selling 27,627 shares during the quarter. Pathward Financial comprises 3.0% of Elgethun Capital Management’s holdings, making the stock its 7th largest position. Elgethun Capital Management’s holdings in Pathward Financial were worth $12,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in shares of Pathward Financial during the third quarter worth $35,000. Smartleaf Asset Management LLC boosted its position in shares of Pathward Financial by 302.2% in the fourth 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 during the period. KBC Group NV increased its stake in Pathward Financial by 45.8% during the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock worth $104,000 after acquiring an additional 445 shares during the period. Bank of Montreal Can bought a new stake in shares of Pathward Financial during the 4th quarter worth approximately $201,000. Finally, Pictet Asset Management Holding SA acquired a new stake in Pathward Financial in the fourth quarter valued at about $210,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their target price 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 Trading Down 3.1 %

CASH opened at $67.53 on Monday. The company has a fifty day moving average price of $76.15 and a two-hundred day moving average price of $75.60. The company has a market cap of $1.61 billion, a P/E ratio of 9.84 and a beta of 0.69. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 1-year low of $48.15 and a 1-year high of $86.00.

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. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The company had revenue of $173.51 million during the quarter, compared to the consensus estimate of $173.27 million. During the same period in the previous year, the firm posted $1.06 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were issued a $0.05 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. Pathward Financial’s dividend payout ratio is currently 2.92%.

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.