Orion Portfolio Solutions LLC Has $416,000 Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Orion Portfolio Solutions LLC lifted its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 27.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,308 shares of the savings and loans company’s stock after buying an additional 1,350 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Pathward Financial were worth $416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP boosted its position in Pathward Financial by 419.0% in 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 during the last quarter. Financial Management Professionals Inc. bought a new position in Pathward Financial in the third quarter valued at about $29,000. Point72 DIFC Ltd acquired a new stake in Pathward Financial in the third quarter worth about $35,000. USA Financial Formulas acquired a new stake in Pathward Financial in the third quarter worth about $56,000. Finally, nVerses Capital LLC bought a new stake in Pathward Financial during the 3rd quarter worth about $79,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CASH. Keefe, Bruyette & Woods lifted their price target on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler upped their target price on shares of Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th.

Insider Buying and Selling

In related news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following the completion of the sale, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at approximately $777,306.40. This represents a 18.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by company insiders.

Pathward Financial Trading Down 6.5 %

NASDAQ:CASH opened at $75.09 on Thursday. 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, Inc. has a 1-year low of $46.68 and a 1-year high of $86.00. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 11.33 and a beta of 0.69. The business’s 50-day moving average price is $78.04 and its two-hundred day moving average price is $67.79.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share 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%. Pathward Financial’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company posted $1.36 EPS. On average, equities analysts expect that Pathward Financial, Inc. will post 7.05 earnings per share for the current year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Tuesday, December 10th. Pathward Financial’s dividend payout ratio is currently 3.02%.

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.