Pathward Financial, Inc. (NASDAQ:CASH) President Anthony M. Sharett Sells 3,100 Shares

Pathward Financial, Inc. (NASDAQ:CASH) President Anthony M. Sharett sold 3,100 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $66.40, for a total value of $205,840.00. Following the transaction, the president now owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Pathward Financial Price Performance

Shares of CASH stock opened at $68.10 on Tuesday. Pathward Financial, Inc. has a twelve month low of $41.79 and a twelve month high of $69.63. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 10.23 and a beta of 0.68. The stock has a fifty day simple moving average of $64.66 and a two-hundred day simple moving average of $56.64. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Wednesday, July 24th. The savings and loans company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.11. The business had revenue of $176.73 million during the quarter, compared to analysts’ expectations of $176.63 million. Pathward Financial had a return on equity of 23.59% and a net margin of 22.10%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 EPS. On average, analysts predict that Pathward Financial, Inc. will post 6.87 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Tuesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is currently 3.00%.

Analyst Ratings Changes

Several equities analysts have weighed in on CASH shares. Piper Sandler raised their price target on Pathward Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods lifted their target price on Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Quarry LP increased its position in Pathward Financial by 419.0% during the 2nd quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock valued at $29,000 after buying an additional 419 shares in the last quarter. Algert Global LLC increased its position in Pathward Financial by 83.1% during the 2nd quarter. Algert Global LLC now owns 80,376 shares of the savings and loans company’s stock valued at $4,547,000 after buying an additional 36,475 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its position in Pathward Financial by 5.7% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 22,768 shares of the savings and loans company’s stock valued at $1,288,000 after buying an additional 1,237 shares in the last quarter. The Manufacturers Life Insurance Company increased 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 valued at $724,000 after buying an additional 315 shares in the last quarter. Finally, Elgethun Capital Management increased its position in Pathward Financial by 1.9% during the 2nd quarter. Elgethun Capital Management now owns 193,747 shares of the savings and loans company’s stock valued at $10,960,000 after buying an additional 3,681 shares in the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

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.