Wealth Enhancement Advisory Services LLC Sells 39,039 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 11.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 290,009 shares of the savings and loans company’s stock after selling 39,039 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 1.15% of Pathward Financial worth $19,143,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Diversified Trust Co boosted its stake in shares of Pathward Financial by 4.1% in the 1st quarter. Diversified Trust Co now owns 7,777 shares of the savings and loans company’s stock valued at $393,000 after purchasing an additional 305 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Pathward Financial by 11.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,498 shares of the savings and loans company’s stock valued at $278,000 after buying an additional 556 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Pathward Financial by 116.9% in the 1st quarter. BNP Paribas Financial Markets now owns 26,317 shares of the savings and loans company’s stock valued at $1,328,000 after buying an additional 14,181 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Pathward Financial by 108.5% in the 1st quarter. GSA Capital Partners LLP now owns 32,878 shares of the savings and loans company’s stock valued at $1,660,000 after buying an additional 17,111 shares during the last quarter. Finally, Gallacher Capital Management LLC bought a new position in Pathward Financial in the 1st quarter valued at approximately $410,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CASH has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Piper Sandler raised their price target on shares of Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday.

Pathward Financial Price Performance

CASH opened at $68.46 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.73 and a quick ratio of 0.72. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 10.28 and a beta of 0.68. The firm’s fifty day moving average price is $68.02 and its two-hundred day moving average price is $60.52. Pathward Financial, Inc. has a 1 year low of $44.39 and a 1 year high of $75.20.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.08. Pathward Financial had a return on equity of 23.59% and a net margin of 22.10%. The business had revenue of $167.90 million for the quarter, compared to analysts’ expectations of $167.20 million. During the same period in the previous year, the business posted $1.36 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that Pathward Financial, Inc. will post 6.54 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Tuesday, September 10th. Pathward Financial’s dividend payout ratio is currently 3.00%.

Insider Activity at Pathward Financial

In other news, Director Douglas J. Hajek sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $64.91, for a total transaction of $129,820.00. Following the sale, the director now directly owns 19,531 shares in the company, valued at $1,267,757.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Douglas J. Hajek sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $64.91, for a total transaction of $129,820.00. Following the completion of the transaction, the director now owns 19,531 shares of the company’s stock, valued at approximately $1,267,757.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Anthony M. Sharett sold 3,100 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $66.40, for a total value of $205,840.00. Following the transaction, the president now directly owns 30,046 shares of the company’s stock, valued at $1,995,054.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

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.