Mawer Investment Management Ltd. Has $19.04 Million Stake in Pathward Financial, Inc. (NASDAQ:CASH)

Mawer Investment Management Ltd. raised its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 14.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 258,815 shares of the savings and loans company’s stock after buying an additional 33,000 shares during the period. Mawer Investment Management Ltd. owned 1.07% of Pathward Financial worth $19,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CASH. Point72 DIFC Ltd acquired a new stake in shares of Pathward Financial in the third quarter valued at about $35,000. Smartleaf Asset Management LLC grew its stake 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 buying an additional 414 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Pathward Financial during the third quarter worth $94,000. KBC Group NV raised its position in Pathward Financial by 45.8% during the fourth 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 in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in Pathward Financial in the fourth quarter valued at $210,000. 92.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CASH shares. Keefe, Bruyette & Woods upped their target price on shares of Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler decreased their target price on 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 Stock Down 3.1 %

Shares of CASH opened at $72.72 on Friday. The firm has a market cap of $1.73 billion, a P/E ratio of 10.60 and a beta of 0.69. 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 $48.15 and a 52 week high of $86.00. The firm’s 50-day simple moving average is $76.80 and its 200 day simple moving average is $75.36.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, topping 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 business had revenue of $173.51 million during the quarter, compared to analysts’ expectations of $173.27 million. During the same period last year, the firm posted $1.06 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. Pathward Financial’s dividend payout ratio (DPR) is presently 2.92%.

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.