Dimensional Fund Advisors LP Has $104.47 Million Stake in Pathward Financial, Inc. (NASDAQ:CASH)

Dimensional Fund Advisors LP reduced its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,419,745 shares of the savings and loans company’s stock after selling 47,290 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.89% of Pathward Financial worth $104,466,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CASH. Pinnacle Wealth Planning Services Inc. bought a new stake in Pathward Financial during the 4th quarter worth about $3,734,999,000. Revolve Wealth Partners LLC bought a new stake in shares of Pathward Financial during the fourth quarter valued at approximately $267,437,000. FMR LLC increased its holdings in shares of Pathward Financial by 7.4% in the fourth quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company’s stock valued at $162,141,000 after purchasing an additional 151,316 shares in the last quarter. Geode Capital Management LLC raised its position in Pathward Financial by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 711,538 shares of the savings and loans company’s stock worth $52,365,000 after purchasing an additional 11,654 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Pathward Financial by 10.8% during the 4th quarter. American Century Companies Inc. now owns 643,150 shares of the savings and loans company’s stock worth $47,323,000 after buying an additional 62,931 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their target price on Pathward Financial from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, April 23rd.

Pathward Financial Trading Down 0.5 %

Shares of CASH opened at $78.96 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 12-month low of $50.00 and a 12-month high of $86.00. The firm has a market capitalization of $1.88 billion, a PE ratio of 11.51 and a beta of 0.44. The stock’s fifty day simple moving average is $73.14 and its 200-day simple moving average is $76.09.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.40. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The business had revenue of $262.90 million for the quarter, compared to analyst estimates of $256.30 million. During the same quarter in the prior year, the firm posted $2.56 earnings per share. As a group, research analysts predict 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 was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were issued a $0.05 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Pathward Financial’s dividend payout ratio 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.