Entropy Technologies LP Acquires Shares of 4,149 Pathward Financial, Inc. (NASDAQ:CASH)

Entropy Technologies LP bought a new position in Pathward Financial, Inc. (NASDAQ:CASH) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,149 shares of the savings and loans company’s stock, valued at approximately $274,000.

A number of other large investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Pathward Financial during the second quarter valued at approximately $25,000. Quarry LP boosted its holdings 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 acquiring an additional 419 shares during the period. Financial Management Professionals Inc. bought a new position in Pathward Financial in the 3rd quarter valued at $29,000. Gladius Capital Management LP purchased a new stake in Pathward Financial in the second quarter worth $31,000. Finally, USA Financial Formulas bought a new stake in shares of Pathward Financial during the third quarter worth $56,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CASH shares. Piper Sandler upped their price target on shares of Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on shares of Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th.

Insider Activity at Pathward Financial

In other news, CFO Greg Sigrist sold 2,250 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $80.60, for a total value of $181,350.00. Following the completion of the transaction, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at approximately $777,306.40. The trade was a 18.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas J. Hajek sold 2,000 shares of Pathward Financial stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $64.91, for a total value of $129,820.00. Following the completion of the transaction, the director now owns 19,531 shares in the company, valued at $1,267,757.21. This trade represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,350 shares of company stock valued at $517,010 over the last ninety days. 0.72% of the stock is owned by company insiders.

Pathward Financial Trading Down 0.5 %

Shares of NASDAQ CASH opened at $79.63 on Friday. Pathward Financial, Inc. has a twelve month low of $46.68 and a twelve month high of $83.83. The firm has a market cap of $1.99 billion, a PE ratio of 12.01 and a beta of 0.67. The business has a fifty day simple moving average of $70.83 and a two-hundred day simple moving average of $63.14. 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 (NASDAQ:CASH) last released its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.08. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The firm had revenue of $167.90 million during the quarter, compared to the consensus estimate of $167.20 million. During the same period in the previous year, the company posted $1.36 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Pathward Financial, Inc. will post 7.05 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Pathward Financial’s dividend payout ratio is presently 3.02%.

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.