LMR Partners LLP Invests $206,000 in Pathward Financial, Inc. (NASDAQ:CASH)

LMR Partners LLP acquired a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,122 shares of the savings and loans company’s stock, valued at approximately $206,000.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in Pathward Financial in the 2nd quarter worth approximately $25,000. Quarry LP lifted its position in Pathward Financial by 419.0% during the second quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock worth $29,000 after buying an additional 419 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in Pathward Financial during the third quarter worth $29,000. Gladius Capital Management LP acquired a new stake in shares of Pathward Financial in the 2nd quarter worth $31,000. Finally, USA Financial Formulas purchased a new position in shares of Pathward Financial during the 3rd quarter worth $56,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of Pathward Financial stock in a transaction dated 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 $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 available through this link. Also, President Anthony M. Sharett sold 3,100 shares of the stock in a transaction dated Friday, September 13th. The stock was 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 in the company, valued at $1,995,054.40. This represents a 9.35 % 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 quarter. 0.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. 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 report on Thursday, July 25th. Piper Sandler upped their price objective on Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, October 24th.

Pathward Financial Stock Up 0.7 %

Shares of NASDAQ:CASH opened at $79.52 on Thursday. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 11.91 and a beta of 0.67. Pathward Financial, Inc. has a 12-month low of $46.68 and a 12-month high of $83.83. The business has a 50-day moving average price of $71.32 and a 200 day moving average price of $63.70. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.08. The business had revenue of $167.90 million for the quarter, compared to the consensus estimate of $167.20 million. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 EPS. Sell-side analysts expect that Pathward Financial, Inc. will post 7.05 EPS for the current year.

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.