Pathward Financial, Inc. (NASDAQ:CASH) Director Douglas J. Hajek Sells 1,850 Shares of Stock

Pathward Financial, Inc. (NASDAQ:CASH) Director Douglas J. Hajek sold 1,850 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $79.26, for a total transaction of $146,631.00. Following the sale, the director now directly owns 19,631 shares of the company’s stock, valued at approximately $1,555,953.06. This represents a 8.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Pathward Financial Stock Performance

NASDAQ CASH opened at $79.59 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a twelve month low of $50.00 and a twelve month high of $86.00. The business has a 50-day moving average price of $73.10 and a 200-day moving average price of $76.13. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 11.60 and a beta of 0.44.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 EPS 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 analysts’ expectations of $256.30 million. During the same period in the previous year, the firm earned $2.56 EPS. As a group, equities research analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price target 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.

Institutional Trading of Pathward Financial

Several hedge funds have recently modified their holdings of the company. Diversified Trust Co raised its holdings in shares of Pathward Financial by 1.9% during the 1st quarter. Diversified Trust Co now owns 9,097 shares of the savings and loans company’s stock worth $664,000 after acquiring an additional 166 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Pathward Financial by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 6,107 shares of the savings and loans company’s stock worth $449,000 after acquiring an additional 171 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Pathward Financial by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 13,271 shares of the savings and loans company’s stock worth $968,000 after acquiring an additional 181 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Pathward Financial by 302.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock worth $41,000 after acquiring an additional 414 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Pathward Financial by 45.8% during the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock worth $104,000 after acquiring an additional 445 shares in the last quarter. 92.66% of the stock is owned by hedge funds and other institutional investors.

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.