669 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Acquired by Kennicott Capital Management LLC

Kennicott Capital Management LLC acquired a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 669 shares of the savings and loans company’s stock, valued at approximately $35,000.

Other institutional investors have also recently modified their holdings of the company. Adirondack Retirement Specialists Inc. raised its holdings in Pathward Financial by 3.3% in the 3rd quarter. Adirondack Retirement Specialists Inc. now owns 339,709 shares of the savings and loans company’s stock valued at $15,657,000 after acquiring an additional 10,908 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Pathward Financial by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,798 shares of the savings and loans company’s stock valued at $14,002,000 after acquiring an additional 3,733 shares during the last quarter. American Century Companies Inc. raised its holdings in Pathward Financial by 8.9% in the 3rd quarter. American Century Companies Inc. now owns 301,410 shares of the savings and loans company’s stock valued at $13,892,000 after acquiring an additional 24,711 shares during the last quarter. Phocas Financial Corp. raised its holdings in Pathward Financial by 1.8% in the 4th quarter. Phocas Financial Corp. now owns 193,943 shares of the savings and loans company’s stock valued at $10,265,000 after acquiring an additional 3,383 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Pathward Financial by 26.6% in the 3rd quarter. Invesco Ltd. now owns 188,408 shares of the savings and loans company’s stock valued at $8,684,000 after acquiring an additional 39,605 shares during the last quarter. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Pathward Financial news, President Anthony M. Sharett sold 1,000 shares of Pathward Financial stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.50, for a total value of $47,500.00. Following the transaction, the president now owns 33,146 shares in the company, valued at $1,574,435. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.72% of the company’s stock.

Pathward Financial Stock Up 0.8 %

CASH stock traded up $0.40 during trading on Tuesday, reaching $50.75. The stock had a trading volume of 128,401 shares, compared to its average volume of 179,744. Pathward Financial, Inc. has a 1-year low of $39.90 and a 1-year high of $60.49. The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.29 billion, a P/E ratio of 8.33 and a beta of 0.71. The firm has a fifty day moving average price of $50.01 and a 200 day moving average price of $50.06.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data on Wednesday, January 24th. The savings and loans company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.17). Pathward Financial had a return on equity of 24.97% and a net margin of 22.22%. The firm had revenue of $162.80 million during the quarter, compared to analyst estimates of $166.45 million. During the same quarter in the prior year, the firm earned $0.81 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Pathward Financial, Inc. will post 6.32 earnings per share for the current year.

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.20 annualized dividend and a yield of 0.39%. Pathward Financial’s dividend payout ratio (DPR) is 3.28%.

Analyst Upgrades and Downgrades

CASH has been the subject of several research reports. Piper Sandler lowered their price objective on shares of Pathward Financial from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Keefe, Bruyette & Woods lowered their price objective on shares of Pathward Financial from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Friday, April 5th.

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.