WINTON GROUP Ltd Grows Stake in Pathward Financial, Inc. (NASDAQ:CASH)

WINTON GROUP Ltd grew its holdings in Pathward Financial, Inc. (NASDAQ:CASHGet Rating) by 96.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,991 shares of the savings and loans company’s stock after acquiring an additional 3,917 shares during the quarter. WINTON GROUP Ltd’s holdings in Pathward Financial were worth $309,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Pathward Financial in the 1st quarter valued at about $34,000. Lazard Asset Management LLC increased its holdings in shares of Pathward Financial by 58.2% in the 2nd quarter. Lazard Asset Management LLC now owns 2,219 shares of the savings and loans company’s stock valued at $85,000 after acquiring an additional 816 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Pathward Financial by 27.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,116 shares of the savings and loans company’s stock valued at $116,000 after acquiring an additional 453 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Pathward Financial in the 2nd quarter valued at about $126,000. Finally, SG Americas Securities LLC purchased a new position in shares of Pathward Financial in the 2nd quarter valued at about $137,000. Hedge funds and other institutional investors own 87.25% of the company’s stock.

Pathward Financial Stock Down 1.1 %

Pathward Financial stock opened at $42.65 on Monday. Pathward Financial, Inc. has a twelve month low of $31.16 and a twelve month high of $65.50. The stock has a 50 day moving average of $37.50 and a two-hundred day moving average of $37.79. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 8.15 and a beta of 0.88.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Thursday, December 8th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. Pathward Financial’s payout ratio is 3.82%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CASH shares. Piper Sandler dropped their price target on Pathward Financial from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 12th. TheStreet upgraded Pathward Financial from a “c+” rating to a “b-” rating in a research note on Monday, November 7th. Keefe, Bruyette & Woods downgraded Pathward Financial from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $67.00 to $45.00 in a research note on Thursday, July 28th. B. Riley dropped their price target on Pathward Financial from $55.00 to $48.00 in a research note on Thursday, July 28th. Finally, StockNews.com started coverage on Pathward Financial in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Pathward Financial has a consensus rating of “Moderate Buy” and an average price target of $48.25.

Pathward Financial Profile

(Get Rating)

Pathward Financial, Inc operates as the holding company for Pathward, National Association that provides various banking products and services in the United States. It operates through three segments: Consumer, Commercial, and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, money market savings accounts, and certificate accounts.

See Also

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Institutional Ownership by Quarter for Pathward Financial (NASDAQ:CASH)

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