Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC reduced its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 12.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,783 shares of the savings and loans company’s stock after selling 4,562 shares during the period. Pathstone Holdings LLC owned 0.13% of Pathward Financial worth $2,164,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Pathward Financial by 20.4% in the second quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock worth $28,551,000 after acquiring an additional 85,566 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Pathward Financial by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 225,815 shares of the savings and loans company’s stock worth $14,906,000 after acquiring an additional 7,049 shares during the last quarter. Elgethun Capital Management boosted its position in shares of Pathward Financial by 1.9% in the second quarter. Elgethun Capital Management now owns 193,747 shares of the savings and loans company’s stock worth $10,960,000 after acquiring an additional 3,681 shares during the last quarter. F M Investments LLC acquired a new stake in shares of Pathward Financial in the second quarter worth approximately $10,784,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Pathward Financial by 5.8% in the second quarter. Panagora Asset Management Inc. now owns 164,196 shares of the savings and loans company’s stock worth $9,289,000 after acquiring an additional 8,953 shares during the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

Pathward Financial Trading Down 1.0 %

Shares of CASH stock opened at $83.48 on Wednesday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 12.59 and a beta of 0.67. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a fifty-two week low of $46.68 and a fifty-two week high of $86.00. The firm’s 50 day moving average price is $72.88 and its two-hundred day moving average price is $64.69.

Pathward Financial (NASDAQ:CASH) last announced 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. The firm had revenue of $167.90 million for the quarter, compared to analysts’ expectations of $167.20 million. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. Pathward Financial’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 earnings per share. On average, analysts anticipate that Pathward Financial, Inc. will post 7.05 EPS for the current year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Pathward Financial’s dividend payout ratio is currently 3.02%.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on shares of Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th.

Insider Activity

In related news, CFO Greg Sigrist sold 2,250 shares of Pathward Financial stock in a transaction 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 completion of the sale, the chief financial officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Anthony M. Sharett sold 3,100 shares of Pathward Financial stock in a transaction on Friday, September 13th. The stock was sold at an average price of $66.40, for a total transaction of $205,840.00. Following the completion of the sale, the president now owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. This trade represents a 9.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,350 shares of company stock worth $517,010 over the last 90 days. Company insiders own 0.72% of the company’s stock.

Pathward Financial Company 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.