Virtu Financial LLC Buys Shares of 3,760 Pathward Financial, Inc. (NASDAQ:CASH)

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

Several other institutional investors have also modified their holdings of the business. Pinnacle Wealth Planning Services Inc. bought a new position in Pathward Financial in the fourth quarter valued at approximately $3,734,999,000. Revolve Wealth Partners LLC acquired a new stake in shares of Pathward Financial during the fourth quarter worth $267,437,000. FMR LLC lifted its position in Pathward Financial by 6.9% in the 3rd quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock valued at $135,471,000 after acquiring an additional 132,067 shares in the last quarter. State Street Corp boosted its stake in Pathward Financial by 1.4% in the 3rd quarter. State Street Corp now owns 1,274,851 shares of the savings and loans company’s stock worth $84,218,000 after purchasing an additional 17,004 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Pathward Financial by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company’s stock worth $46,206,000 after purchasing an additional 18,936 shares in the last quarter. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Down 0.3 %

Pathward Financial stock opened at $75.07 on Friday. The company has a fifty day simple moving average of $76.90 and a 200 day simple moving average of $75.26. 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. The company has a market cap of $1.79 billion, a P/E ratio of 10.94 and a beta of 0.69.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $173.27 million. During the same quarter last year, the company earned $1.06 EPS. Pathward Financial’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

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

Analyst Upgrades and Downgrades

CASH has been the topic of a number of research reports. Piper Sandler cut their price target on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

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.