Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. decreased its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 85.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,118 shares of the savings and loans company’s stock after selling 148,189 shares during the quarter. Pathward Financial accounts for about 1.4% of Phocas Financial Corp.’s holdings, making the stock its 9th largest holding. Phocas Financial Corp.’s holdings in Pathward Financial were worth $1,922,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Handelsbanken Fonder AB raised 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 purchasing an additional 900 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Pathward Financial by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 120,731 shares of the savings and loans company’s stock worth $8,883,000 after acquiring an additional 2,816 shares during the last quarter. Meritage Portfolio Management purchased a new stake in shares of Pathward Financial during the fourth quarter worth approximately $435,000. Moody Aldrich Partners LLC raised its stake in Pathward Financial by 11.5% in the 4th quarter. Moody Aldrich Partners LLC now owns 138,409 shares of the savings and loans company’s stock valued at $10,184,000 after purchasing an additional 14,292 shares during the last quarter. Finally, Revolve Wealth Partners LLC purchased a new position in Pathward Financial in the 4th quarter valued at $267,437,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Pathward Financial Stock Up 1.1 %

Shares of CASH opened at $77.42 on Wednesday. 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 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $77.21 and a two-hundred day simple moving average of $74.14. The company has a market capitalization of $1.85 billion, a PE ratio of 11.29 and a beta of 0.73.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share 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 during the quarter, compared to analysts’ expectations of $173.27 million. During the same period last year, the business earned $1.06 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler dropped their target price on shares of Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

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.