Quantbot Technologies LP Buys 1,070 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Quantbot Technologies LP increased its stake in Pathward Financial, Inc. (NASDAQ:CASH) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,571 shares of the savings and loans company’s stock after acquiring an additional 1,070 shares during the quarter. Quantbot Technologies LP’s holdings in Pathward Financial were worth $764,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new stake in Pathward Financial during the 3rd quarter worth about $29,000. Opal Wealth Advisors LLC bought a new stake in shares of Pathward Financial during the 2nd quarter valued at about $25,000. Quarry LP grew its stake 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 purchasing an additional 419 shares during the period. Gladius Capital Management LP bought a new stake in Pathward Financial in the second quarter worth approximately $31,000. Finally, USA Financial Formulas bought a new stake in Pathward Financial in the third quarter worth approximately $56,000. 92.66% of the stock is currently owned by institutional investors.

Insider Transactions at Pathward Financial

In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $66.40, for a total value of $205,840.00. Following the completion of the sale, the president now directly owns 30,046 shares of the company’s stock, valued at $1,995,054.40. This trade represents a 9.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Douglas J. Hajek sold 2,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 19,531 shares in the company, valued at approximately $1,267,757.21. The trade was a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,350 shares of company stock worth $517,010 in the last quarter. Insiders own 0.72% of the company’s stock.

Pathward Financial Trading Down 0.5 %

Shares of Pathward Financial stock opened at $83.44 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $74.19 and a 200 day simple moving average of $65.54. Pathward Financial, Inc. has a 12-month low of $46.68 and a 12-month high of $86.00. The company has a market capitalization of $2.01 billion, a P/E ratio of 12.59 and a beta of 0.67.

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

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. Pathward Financial’s payout ratio is currently 3.02%.

Analyst Ratings Changes

Separately, Piper Sandler raised 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.

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.