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

Pathward Financial, Inc. (NASDAQ:CASH) President Anthony M. Sharett sold 3,100 shares of the business’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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Pathward Financial Stock Up 2.0 %

Pathward Financial stock traded up $1.32 during trading on Monday, hitting $68.10. 248,341 shares of the company were exchanged, compared to its average volume of 177,693. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $64.44 and its 200 day moving average is $56.52. Pathward Financial, Inc. has a 52 week low of $41.79 and a 52 week high of $69.63. The company has a market capitalization of $1.70 billion, a P/E ratio of 9.97 and a beta of 0.68.

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

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. Pathward Financial’s dividend payout ratio is currently 3.00%.

Analyst Ratings Changes

CASH has been the subject of a number of recent research reports. Piper Sandler boosted their price target on shares of Pathward Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods boosted 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 report on Thursday, July 25th.

Hedge Funds Weigh In On Pathward Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Illinois Municipal Retirement Fund increased its position in shares of Pathward Financial by 1.4% during the first quarter. Illinois Municipal Retirement Fund now owns 14,900 shares of the savings and loans company’s stock valued at $752,000 after acquiring an additional 212 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in Pathward Financial by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 14,728 shares of the savings and loans company’s stock valued at $833,000 after purchasing an additional 288 shares during the period. Diversified Trust Co increased its position in shares of Pathward Financial by 4.1% during the 1st quarter. Diversified Trust Co now owns 7,777 shares of the savings and loans company’s stock valued at $393,000 after purchasing an additional 305 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of 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 worth $724,000 after purchasing an additional 315 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Pathward Financial by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 5,247 shares of the savings and loans company’s stock worth $265,000 after buying an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

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.