Pathward Financial, Inc. (NASDAQ:CASH) is Moody Aldrich Partners LLC’s 4th Largest Position

Moody Aldrich Partners LLC boosted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 11.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 138,409 shares of the savings and loans company’s stock after acquiring an additional 14,292 shares during the quarter. Pathward Financial makes up 1.9% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 4th biggest position. Moody Aldrich Partners LLC’s holdings in Pathward Financial were worth $10,184,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new position in shares of Pathward Financial in the 4th quarter valued at $267,437,000. Assenagon Asset Management S.A. purchased a new stake in shares of Pathward Financial during the 4th quarter worth $10,865,000. FMR LLC boosted its position in shares of Pathward Financial by 6.9% during the 3rd quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock worth $135,471,000 after purchasing an additional 132,067 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Pathward Financial by 321.9% in the 2nd quarter. Marshall Wace LLP now owns 93,127 shares of the savings and loans company’s stock worth $5,268,000 after buying an additional 71,054 shares in the last quarter. Finally, Foundry Partners LLC boosted its position in shares of Pathward Financial by 59.3% in the 3rd quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company’s stock worth $8,678,000 after buying an additional 48,917 shares in the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Pathward Financial Trading Down 0.0 %

Shares of CASH stock opened at $80.08 on Wednesday. The stock has a 50-day simple moving average of $78.46 and a 200 day simple moving average of $71.99. Pathward Financial, Inc. has a fifty-two week low of $46.68 and a fifty-two week high of $86.00. The stock has a market capitalization of $1.93 billion, a P/E ratio of 11.67 and a beta of 0.72. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last released its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company had revenue of $173.51 million for the quarter, compared to analysts’ expectations of $173.27 million. During the same quarter in the previous year, the business posted $1.06 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, sell-side analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were issued a $0.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.20 annualized dividend and a yield of 0.25%. Pathward Financial’s dividend payout ratio (DPR) is currently 2.92%.

Insider Buying and Selling

In other news, CFO Greg Sigrist sold 2,250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following the sale, the chief financial officer now directly owns 9,644 shares in the company, valued at approximately $777,306.40. The trade was a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.23% of the company’s stock.

Wall Street Analyst Weigh In

CASH has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler decreased their target price on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd.

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.