Brandywine Global Investment Management LLC Reduces Position in Pathward Financial, Inc. (NASDAQ:CASH)

Brandywine Global Investment Management LLC reduced its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,858 shares of the savings and loans company’s stock after selling 2,804 shares during the period. Brandywine Global Investment Management LLC’s holdings in Pathward Financial were worth $4,478,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CASH. Point72 DIFC Ltd acquired a new stake in Pathward Financial in the third quarter valued at $35,000. Smartleaf Asset Management LLC raised 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 acquiring an additional 414 shares in the last quarter. KBC Group NV raised 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 acquiring an additional 445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Pathward Financial during the third quarter worth approximately $94,000. Finally, Pictet Asset Management Holding SA acquired a new position in Pathward Financial in the fourth quarter valued at approximately $210,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Trading Up 1.3 %

CASH opened at $73.93 on Wednesday. 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 52 week low of $48.15 and a 52 week high of $86.00. The business’s 50 day moving average is $76.61 and its two-hundred day moving average is $75.54. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 10.78 and a beta of 0.69.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The business 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 company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. On average, research analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. Pathward Financial’s dividend payout ratio (DPR) is 2.92%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CASH. Keefe, Bruyette & Woods raised their price objective on shares of 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 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 research note on Wednesday, January 22nd.

About Pathward Financial

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.