I would do it using regular expressions:
if [[ $path =~ ^//(.*):(.*)/(.*)$ ]]; then
host="${BASH_REMATCH[1]}"
dir_path="${BASH_REMATCH[2]}"
filename="${BASH_REMATCH[3]}"
else
echo "Invalid format" >&2
exit 1
fi
If you are sure that the format will match, you can do simply
[[ $path =~ ^//(.*):(.*)/(.*)$ ]]
host="${BASH_REMATCH[1]}"
dir_path="${BASH_REMATCH[2]}"
filename="${BASH_REMATCH[3]}"
Edit: Since you seem to be using ksh rather than bash (though bash was indicated in the question), the syntax is a bit different:
match=(${path/~(E)^\/\/(.*):(.*)\/(.*)$/\1 \2 \3})
host="${match[0]}"
dir_path="${match[1]}"
filename="${match[2]}"
This will break if there are spaces in the file name, though. In that case, you can use the more cumbersome
host="${path/~(E)^\/\/(.*):(.*)\/(.*)$/\1}"
dir_path="${path/~(E)^\/\/(.*):(.*)\/(.*)$/\2}"
filename="${path/~(E)^\/\/(.*):(.*)\/(.*)$/\3}"
Perhaps there are more elegant ways of doing it in ksh, but I'm not familiar with it.