American Century Companies Inc. Acquires 62,931 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

American Century Companies Inc. boosted its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 643,150 shares of the savings and loans company’s stock after acquiring an additional 62,931 shares during the period. American Century Companies Inc. owned 2.67% of Pathward Financial worth $47,323,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Pathward Financial by 2.8% in the third quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company’s stock worth $46,206,000 after acquiring an additional 18,936 shares in the last quarter. Meritage Portfolio Management purchased a new stake in Pathward Financial during the 4th quarter valued at about $435,000. Assenagon Asset Management S.A. bought a new stake in Pathward Financial during the 4th quarter valued at about $10,865,000. RMR Wealth Builders increased its stake in Pathward Financial by 88.3% during the 4th quarter. RMR Wealth Builders now owns 40,406 shares of the savings and loans company’s stock valued at $2,973,000 after purchasing an additional 18,947 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. purchased a new position in Pathward Financial in the fourth quarter worth about $3,734,999,000. Institutional investors own 92.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CASH shares. Piper Sandler cut their price target on shares of 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 increased 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.

Pathward Financial Price Performance

CASH opened at $75.07 on Friday. The company’s 50-day simple moving average is $76.90 and its two-hundred day simple moving average is $75.26. Pathward Financial, Inc. has a 52-week low of $48.15 and a 52-week high of $86.00. The stock has a market capitalization of $1.79 billion, a P/E ratio of 10.94 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 (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, topping the consensus estimate of $1.24 by $0.05. The company had revenue of $173.51 million for the quarter, compared to analysts’ expectations of $173.27 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $1.06 earnings per share. As a group, analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

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

Pathward Financial Company 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.