Venture Visionary Partners LLC Sells 800 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Venture Visionary Partners LLC decreased its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the savings and loans company’s stock after selling 800 shares during the period. Venture Visionary Partners LLC’s holdings in Pathward Financial were worth $330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its position in Pathward Financial by 1.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 14,900 shares of the savings and loans company’s stock worth $752,000 after acquiring an additional 212 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Pathward Financial by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,728 shares of the savings and loans company’s stock worth $833,000 after acquiring an additional 288 shares during the last quarter. Diversified Trust Co lifted its position in Pathward Financial by 4.1% during the 1st quarter. Diversified Trust Co now owns 7,777 shares of the savings and loans company’s stock worth $393,000 after acquiring an additional 305 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Pathward Financial by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,803 shares of the savings and loans company’s stock worth $724,000 after acquiring an additional 315 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in Pathward Financial by 7.1% during the 1st quarter. ProShare Advisors LLC now owns 5,247 shares of the savings and loans company’s stock worth $265,000 after acquiring an additional 346 shares during the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Stock Down 0.6 %

Shares of CASH opened at $72.68 on Thursday. The company has a 50-day simple moving average of $67.81 and a 200-day simple moving average of $60.25. The firm has a market capitalization of $1.84 billion, a P/E ratio of 10.91 and a beta of 0.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.73. Pathward Financial, Inc. has a 52 week low of $41.79 and a 52 week high of $75.20.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings results on Wednesday, July 24th. The savings and loans company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.11. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The firm had revenue of $176.73 million during the quarter, compared to analyst estimates of $176.63 million. During the same quarter in the prior year, the business posted $1.76 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Pathward Financial, Inc. will post 6.54 earnings per share for the current year.

Pathward Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.28%. The ex-dividend date was Tuesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is presently 3.00%.

Analyst Ratings Changes

CASH has been the subject of a number of research analyst reports. Piper Sandler upped their price objective on shares of Pathward Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods upped their price objective on shares of Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th.

Insider Buying and Selling

In related news, President Anthony M. Sharett sold 3,100 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $66.40, for a total value of $205,840.00. Following the completion of the transaction, the president now owns 30,046 shares of the company’s stock, valued at $1,995,054.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $66.40, for a total transaction of $205,840.00. Following the sale, the president now directly owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

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.