Insider Selling: Pathward Financial, Inc. (NASDAQ:CASH) Director Sells 2,000 Shares of Stock

Pathward Financial, Inc. (NASDAQ:CASH) Director Douglas J. Hajek sold 2,000 shares of the business’s 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 sale, the director now directly owns 19,531 shares of the company’s stock, valued at $1,267,757.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pathward Financial Stock Performance

Shares of CASH stock opened at $67.78 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $65.06 and a two-hundred day moving average of $56.84. Pathward Financial, Inc. has a 52 week low of $41.79 and a 52 week high of $69.63. The company has a market cap of $1.71 billion, a P/E ratio of 10.18 and a beta of 0.68.

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

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.30%. Pathward Financial’s payout ratio is currently 3.00%.

Analysts Set New Price Targets

Several analysts recently weighed in on CASH shares. Piper Sandler boosted their price objective on Pathward Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price objective on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a report on Thursday, July 25th.

Hedge Funds Weigh In On Pathward Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of CASH. Victory Capital Management Inc. boosted its stake in Pathward Financial by 31.5% in the fourth quarter. Victory Capital Management Inc. now owns 10,866 shares of the savings and loans company’s stock valued at $575,000 after acquiring an additional 2,603 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Pathward Financial by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 307,377 shares of the savings and loans company’s stock worth $16,269,000 after buying an additional 3,579 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Pathward Financial by 47.6% during the fourth quarter. Teacher Retirement System of Texas now owns 24,599 shares of the savings and loans company’s stock worth $1,302,000 after buying an additional 7,934 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Pathward Financial by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,528,223 shares of the savings and loans company’s stock worth $80,890,000 after buying an additional 9,536 shares during the period. Finally, Trexquant Investment LP boosted its position in shares of Pathward Financial by 47.6% during the fourth quarter. Trexquant Investment LP now owns 20,022 shares of the savings and loans company’s stock worth $1,060,000 after buying an additional 6,457 shares during the period. 92.66% of the stock is currently owned by institutional investors and hedge funds.

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.