3,634,641 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Acquired by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC bought a new position in Pathward Financial, Inc. (NASDAQ:CASH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,634,641 shares of the savings and loans company’s stock, valued at approximately $267,437,000. Pathward Financial accounts for approximately 28.1% of Revolve Wealth Partners LLC’s holdings, making the stock its biggest position. Revolve Wealth Partners LLC owned about 0.15% of Pathward Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CASH. The Manufacturers Life Insurance Company lifted its holdings in shares of Pathward Financial by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,803 shares of the savings and loans company’s stock valued at $724,000 after acquiring an additional 315 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Pathward Financial by 7.0% during the third quarter. HighTower Advisors LLC now owns 6,032 shares of the savings and loans company’s stock worth $397,000 after purchasing an additional 393 shares in the last quarter. Quarry LP lifted its stake in shares of Pathward Financial by 419.0% during the second quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock worth $29,000 after purchasing an additional 419 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Pathward Financial in the third quarter worth about $29,000. Finally, KBC Group NV grew its stake in shares of Pathward Financial by 45.8% in the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock valued at $104,000 after buying an additional 445 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Stock Performance

Shares of CASH opened at $80.10 on Tuesday. Pathward Financial, Inc. has a 52-week low of $46.68 and a 52-week high of $86.00. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 11.68 and a beta of 0.72. The business’s 50 day moving average is $78.42 and its two-hundred day moving average is $71.70.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The business had revenue of $173.51 million for the quarter, compared to analyst estimates of $173,273.50 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a $0.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Pathward Financial’s dividend payout ratio (DPR) is 2.92%.

Insider Activity at Pathward Financial

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $80.60, for a total transaction of $181,350.00. Following the sale, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at approximately $777,306.40. This represents a 18.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.