Trexquant Investment LP Buys 2,446 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Trexquant Investment LP grew its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 24.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 12,654 shares of the savings and loans company’s stock after acquiring an additional 2,446 shares during the quarter. Trexquant Investment LP owned about 0.05% of Pathward Financial worth $931,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC lifted its position in shares of Pathward Financial by 7.0% during the 3rd quarter. HighTower Advisors LLC now owns 6,032 shares of the savings and loans company’s stock worth $397,000 after buying an additional 393 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Pathward Financial by 302.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock worth $41,000 after buying an additional 414 shares during the last quarter. KBC Group NV lifted its position in shares of Pathward Financial by 45.8% during the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock worth $104,000 after buying an additional 445 shares during the last quarter. Diversified Trust Co lifted its position in shares of Pathward Financial by 9.7% during the 4th quarter. Diversified Trust Co now owns 8,931 shares of the savings and loans company’s stock worth $657,000 after buying an additional 787 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Pathward Financial by 17.0% during the 4th quarter. Handelsbanken Fonder AB now owns 6,200 shares of the savings and loans company’s stock worth $456,000 after buying an additional 900 shares during the last quarter. 92.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their target price on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd.

Pathward Financial Price Performance

Pathward Financial stock opened at $67.20 on Friday. 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 $1.60 billion, a PE ratio of 9.80 and a beta of 0.44. Pathward Financial, Inc. has a 12 month low of $48.15 and a 12 month high of $86.00. The stock has a 50-day moving average price of $74.79 and a two-hundred day moving average price of $75.54.

Pathward Financial (NASDAQ:CASH) last posted its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The firm had revenue of $173.51 million during the quarter, compared to the consensus estimate of $173.27 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $1.06 earnings per share. Analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. Pathward Financial’s payout ratio is 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.