Insider Selling: Pathward Financial, Inc. (NASDAQ:CASH) Director Sells $129,820.00 in Stock

Pathward Financial, Inc. (NASDAQ:CASH) Director Douglas J. Hajek sold 2,000 shares of Pathward Financial stock in a transaction on 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 transaction, the director now owns 19,531 shares in the company, valued at approximately $1,267,757.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Pathward Financial Trading Down 0.2 %

NASDAQ:CASH opened at $67.78 on Thursday. The business’s 50-day moving average is $65.06 and its two-hundred day moving average is $56.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.73 and a quick ratio of 0.72. Pathward Financial, Inc. has a 12 month low of $41.79 and a 12 month high of $69.63. The firm has a market capitalization of $1.71 billion, a PE ratio of 10.18 and a beta of 0.68.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $1.66 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $176.63 million. During the same period last year, the company posted $1.76 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. Research analysts predict that Pathward Financial, Inc. will post 6.87 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Tuesday, September 10th. Pathward Financial’s payout ratio is 3.00%.

Institutional Trading of Pathward Financial

A number of hedge funds and other institutional investors have recently modified their holdings of CASH. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Pathward Financial during the first quarter worth about $17,819,000. Mawer Investment Management Ltd. purchased a new stake in shares of Pathward Financial during the second quarter worth about $12,376,000. Grizzlyrock Capital LLC purchased a new stake in shares of Pathward Financial during the fourth quarter worth about $10,237,000. F M Investments LLC purchased a new stake in shares of Pathward Financial during the second quarter worth about $10,784,000. Finally, Greenwich Investment Management Inc. purchased a new stake in shares of Pathward Financial during the fourth quarter worth about $6,861,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.