Diversified Trust Co Raises Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

Diversified Trust Co grew its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 4.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,777 shares of the savings and loans company’s stock after purchasing an additional 305 shares during the period. Diversified Trust Co’s holdings in Pathward Financial were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CASH. Invesco Ltd. increased its stake in Pathward Financial by 26.6% during the third quarter. Invesco Ltd. now owns 188,408 shares of the savings and loans company’s stock worth $8,684,000 after purchasing an additional 39,605 shares during the period. Trexquant Investment LP purchased a new stake in Pathward Financial during the third quarter worth about $625,000. Glenmede Trust Co. NA acquired a new position in shares of Pathward Financial during the third quarter worth about $485,000. Alps Advisors Inc. purchased a new stake in shares of Pathward Financial during the third quarter worth approximately $318,000. Finally, Tudor Investment Corp Et Al increased its stake in shares of Pathward Financial by 4.8% during the third quarter. Tudor Investment Corp Et Al now owns 66,297 shares of the savings and loans company’s stock worth $3,056,000 after buying an additional 3,038 shares during the period. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Pathward Financial Stock Down 1.5 %

CASH stock opened at $57.46 on Friday. The company’s 50 day moving average price is $54.14 and its 200 day moving average price is $52.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. Pathward Financial, Inc. has a fifty-two week low of $41.79 and a fifty-two week high of $60.49. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 8.63 and a beta of 0.68.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings results on Wednesday, April 24th. The savings and loans company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.37 by $0.19. The company had revenue of $247.25 million for the quarter, compared to analyst estimates of $240.46 million. Pathward Financial had a net margin of 22.90% and a return on equity of 25.09%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.18 earnings per share. On average, equities research analysts anticipate that Pathward Financial, Inc. will post 6.43 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Tuesday, June 11th were paid a $0.05 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $0.20 annualized dividend and a yield of 0.35%. Pathward Financial’s dividend payout ratio is currently 3.00%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their target price on shares of Pathward Financial from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Friday, April 5th.

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, Director Kendall E. Stork sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $53.53, for a total value of $107,060.00. Following the transaction, the director now directly owns 11,213 shares in the company, valued at $600,231.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by insiders.

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.