Nantahala Capital Management LLC Has $14.08 Million Stake in Pathward Financial, Inc. (NASDAQ:CASH)

Nantahala Capital Management LLC cut its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 27.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,343 shares of the savings and loans company’s stock after selling 72,860 shares during the quarter. Nantahala Capital Management LLC’s holdings in Pathward Financial were worth $14,079,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Pathward Financial in the 4th quarter worth approximately $3,734,999,000. Revolve Wealth Partners LLC acquired a new position in shares of Pathward Financial in the 4th quarter valued at about $267,437,000. FMR LLC boosted its position in shares of Pathward Financial by 7.4% during the 4th 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 grew its stake in Pathward Financial by 1.7% during the fourth 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 period. Finally, American Century Companies Inc. increased its holdings in Pathward Financial by 10.8% in the fourth quarter. American Century Companies Inc. now owns 643,150 shares of the savings and loans company’s stock worth $47,323,000 after purchasing an additional 62,931 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

Pathward Financial Stock Performance

Shares of Pathward Financial stock opened at $78.96 on Monday. The business has a 50-day simple moving average of $73.14 and a 200 day simple moving average of $76.09. Pathward Financial, Inc. has a one year low of $50.00 and a one year high of $86.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 11.51 and a beta of 0.44.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.40. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company had revenue of $262.90 million for the quarter, compared to analyst estimates of $256.30 million. During the same period in the prior year, the firm earned $2.56 earnings per share. On average, research analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial’s dividend payout ratio is currently 2.70%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price objective on shares of Pathward Financial from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd.

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.