Insider Selling: Pathward Financial, Inc. (NASDAQ:CASH) President Sells 3,100 Shares of Stock

Pathward Financial, Inc. (NASDAQ:CASH) President Anthony M. Sharett sold 3,100 shares of Pathward Financial stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $66.40, for a total transaction of $205,840.00. Following the completion of the sale, the president now directly owns 30,046 shares in the company, valued at approximately $1,995,054.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Pathward Financial Stock Performance

CASH traded up $1.32 on Monday, hitting $68.10. The company’s stock had a trading volume of 248,341 shares, compared to its average volume of 177,693. Pathward Financial, Inc. has a 12 month low of $41.79 and a 12 month high of $69.63. The firm has a market cap of $1.70 billion, a P/E ratio of 9.97 and a beta of 0.68. 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 company’s 50 day simple moving average is $64.44 and its 200-day simple moving average is $56.52.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings results on Wednesday, July 24th. The savings and loans company reported $1.66 EPS for the quarter, topping 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 firm had revenue of $176.73 million during the quarter, compared to analyst estimates of $176.63 million. During the same period last year, the company earned $1.76 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts forecast that Pathward Financial, Inc. will post 6.87 EPS for the current year.

Pathward Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Piper Sandler raised their target price on Pathward Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods lifted 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.

Hedge Funds Weigh In On Pathward Financial

A number of large investors have recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in Pathward Financial in the 2nd quarter worth approximately $25,000. Quarry LP raised its position in shares of Pathward Financial by 419.0% in the second quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock worth $29,000 after buying an additional 419 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of Pathward Financial in the second quarter worth $31,000. EntryPoint Capital LLC bought a new stake in Pathward Financial during the first quarter valued at $59,000. Finally, Arbor Capital Management Inc. ADV purchased a new position in Pathward Financial during the second quarter worth about $182,000. 92.66% of the stock is currently owned by institutional investors.

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.