Pathward Financial, Inc. (NASDAQ:CASH) Short Interest Update

Pathward Financial, Inc. (NASDAQ:CASH) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,720,000 shares, a decrease of 7.0% from the October 15th total of 1,850,000 shares. Currently, 7.0% of the company’s stock are sold short. Based on an average daily volume of 176,600 shares, the short-interest ratio is presently 9.7 days.

Insider Activity

In other Pathward Financial news, 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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Greg Sigrist sold 2,250 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 9,644 shares in the company, valued at approximately $777,306.40. The trade was a 18.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,350 shares of company stock worth $517,010. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Pathward Financial

A number of hedge funds and other institutional investors have recently modified their holdings of CASH. Mawer Investment Management Ltd. purchased a new stake in shares of Pathward Financial during the second quarter valued at approximately $12,376,000. F M Investments LLC bought a new position in Pathward Financial in the 2nd quarter valued at $10,784,000. FMR LLC increased its position in shares of Pathward Financial by 6.9% during the 3rd quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock valued at $135,471,000 after purchasing an additional 132,067 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Pathward Financial by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock worth $28,551,000 after purchasing an additional 85,566 shares during the period. Finally, Foundry Partners LLC purchased a new position in shares of Pathward Financial in the 2nd quarter worth about $4,669,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Pathward Financial Trading Down 0.5 %

NASDAQ CASH opened at $79.63 on Monday. 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 business has a fifty day simple moving average of $70.83 and a 200 day simple moving average of $63.23. Pathward Financial has a 12 month low of $46.68 and a 12 month high of $83.83. The firm has a market capitalization of $1.99 billion, a P/E ratio of 12.01 and a beta of 0.67.

Pathward Financial (NASDAQ:CASH) last announced its earnings results 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. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The company had revenue of $167.90 million during the quarter, compared to the consensus estimate of $167.20 million. During the same quarter in the prior year, the company posted $1.36 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Pathward Financial will post 7.05 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Pathward Financial’s dividend payout ratio is currently 3.02%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CASH. Piper Sandler boosted their target price on shares of Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price objective on Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th.

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.