Los Angeles Capital Management LLC Makes New $476,000 Investment in Pathward Financial, Inc. (NASDAQ:CASH)

Los Angeles Capital Management LLC acquired a new stake in Pathward Financial, Inc. (NASDAQ:CASH) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,214 shares of the savings and loans company’s stock, valued at approximately $476,000.

A number of other hedge funds have also modified their holdings of the stock. Rosenthal Henry Capital Advisors Inc. grew its position in Pathward Financial by 1.3% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 54,849 shares of the savings and loans company’s stock valued at $3,621,000 after acquiring an additional 700 shares during the period. US Bancorp DE grew its holdings in shares of Pathward Financial by 39.5% in the 3rd quarter. US Bancorp DE now owns 8,896 shares of the savings and loans company’s stock worth $587,000 after purchasing an additional 2,518 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Pathward Financial by 6.7% during the 3rd quarter. New York State Teachers Retirement System now owns 29,475 shares of the savings and loans company’s stock worth $1,946,000 after purchasing an additional 1,855 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Pathward Financial during the 3rd quarter valued at about $29,000. Finally, Moody Aldrich Partners LLC boosted its position in Pathward Financial by 31.7% in the third quarter. Moody Aldrich Partners LLC now owns 124,117 shares of the savings and loans company’s stock valued at $8,193,000 after buying an additional 29,876 shares in the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CASH shares. Piper Sandler lifted their target price on shares of Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price objective on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th.

Pathward Financial Trading Down 0.5 %

CASH opened at $79.63 on Friday. Pathward Financial, Inc. has a 1-year low of $46.68 and a 1-year high of $83.83. The stock has a market capitalization of $1.99 billion, a PE ratio of 12.01 and a beta of 0.67. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $70.83 and a two-hundred day moving average price of $63.14.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.08. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The business had revenue of $167.90 million during the quarter, compared to analyst estimates of $167.20 million. During the same quarter last year, the business posted $1.36 earnings per share. Pathward Financial’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Pathward Financial, Inc. will post 7.05 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date was Tuesday, September 10th. Pathward Financial’s dividend payout ratio is 3.02%.

Insider Buying and Selling

In related news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.60, for a total value of $181,350.00. Following the transaction, the chief financial officer now directly owns 9,644 shares in the company, valued at $777,306.40. This represents a 18.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas J. Hajek sold 2,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $64.91, for a total transaction of $129,820.00. Following the sale, the director now owns 19,531 shares of the company’s stock, valued at $1,267,757.21. The trade was a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,350 shares of company stock worth $517,010 over the last three months. 0.72% of the stock is currently owned by company insiders.

Pathward Financial Profile

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.