Jupiter Asset Management Ltd. Has $7.38 Million Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Jupiter Asset Management Ltd. decreased its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 14.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,345 shares of the savings and loans company’s stock after selling 17,456 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.42% of Pathward Financial worth $7,383,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CASH. Pinnacle Wealth Planning Services Inc. bought a new position in Pathward Financial during the 4th quarter worth $3,734,999,000. Revolve Wealth Partners LLC bought a new position in Pathward Financial during the 4th quarter worth $267,437,000. Assenagon Asset Management S.A. bought a new position in Pathward Financial during the 4th quarter worth $10,865,000. FMR LLC increased its position in Pathward Financial by 6.9% during the 3rd quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock worth $135,471,000 after buying an additional 132,067 shares during the period. Finally, Foundry Partners LLC increased its position in Pathward Financial by 59.3% during the 3rd quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company’s stock worth $8,678,000 after buying an additional 48,917 shares during the period. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Stock Down 2.0 %

Shares of NASDAQ CASH opened at $69.93 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. Pathward Financial, Inc. has a 52 week low of $46.68 and a 52 week high of $86.00. The stock has a market capitalization of $1.67 billion, a P/E ratio of 10.19 and a beta of 0.69. The stock’s fifty day moving average is $77.06 and its 200 day moving average is $74.81.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company had revenue of $173.51 million for the quarter, compared to analysts’ expectations of $173.27 million. During the same quarter last year, the business earned $1.06 earnings per share. Pathward Financial’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, March 13th. Pathward Financial’s dividend payout ratio is presently 2.92%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CASH. Piper Sandler lowered their price objective on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

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.