Pathward Financial, Inc. (NASDAQ:CASH) Shares Acquired by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. increased its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 11.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 287,644 shares of the savings and loans company’s stock after acquiring an additional 28,829 shares during the quarter. Mawer Investment Management Ltd. owned approximately 1.21% of Pathward Financial worth $20,984,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CASH. Opal Wealth Advisors LLC acquired a new stake in shares of Pathward Financial in the 1st quarter worth $35,000. Sterling Capital Management LLC boosted its position in shares of Pathward Financial by 726.8% in the 4th quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company’s stock worth $43,000 after buying an additional 516 shares in the last quarter. USAdvisors Wealth Management LLC boosted its position in shares of Pathward Financial by 37.0% in the 1st quarter. USAdvisors Wealth Management LLC now owns 607 shares of the savings and loans company’s stock worth $44,000 after buying an additional 164 shares in the last quarter. Bank of Montreal Can purchased a new position in Pathward Financial in the 4th quarter valued at about $201,000. Finally, AXA S.A. purchased a new position in Pathward Financial in the 4th quarter valued at about $203,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CASH has been the subject of a number of research analyst reports. Piper Sandler upped their price objective on shares of Pathward Financial from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Pathward Financial from $86.00 to $88.00 and gave the company a “market perform” rating in a research report on Friday, July 11th.

Pathward Financial Stock Up 0.1%

CASH stock opened at $80.27 on Tuesday. Pathward Financial, Inc. has a twelve month low of $60.42 and a twelve month high of $86.00. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.91 billion, a P/E ratio of 10.83 and a beta of 0.62. The firm has a 50 day simple moving average of $78.87 and a 200-day simple moving average of $77.17.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Monday, July 28th. The savings and loans company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.24. Pathward Financial had a net margin of 22.69% and a return on equity of 22.50%. The business had revenue of $195.80 million during the quarter, compared to the consensus estimate of $184.80 million. During the same quarter last year, the company earned $1.66 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date was Friday, June 13th. Pathward Financial’s dividend payout ratio (DPR) is presently 2.70%.

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.