Pathward Financial, Inc. (NASDAQ:CASH) Director Douglas J. Hajek Sells 2,000 Shares

Pathward Financial, Inc. (NASDAQ:CASH) Director Douglas J. Hajek sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Pathward Financial Stock Up 2.0 %

NASDAQ:CASH opened at $68.10 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.73. The firm has a market cap of $1.72 billion, a P/E ratio of 10.23 and a beta of 0.68. Pathward Financial, Inc. has a fifty-two week low of $41.79 and a fifty-two week high of $69.63. The firm has a 50-day simple moving average of $64.66 and a two-hundred day simple moving average of $56.64.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $176.63 million. During the same quarter in the prior year, the company posted $1.76 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts predict that Pathward Financial, Inc. will post 6.87 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CASH. Piper Sandler boosted their price target 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 boosted their target price on Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CASH. GSA Capital Partners LLP boosted its position in shares of Pathward Financial by 108.5% during the first quarter. GSA Capital Partners LLP now owns 32,878 shares of the savings and loans company’s stock valued at $1,660,000 after buying an additional 17,111 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Pathward Financial by 4.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,583,602 shares of the savings and loans company’s stock valued at $83,820,000 after acquiring an additional 69,374 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Pathward Financial by 7.8% in the first quarter. Epoch Investment Partners Inc. now owns 269,425 shares of the savings and loans company’s stock worth $13,601,000 after acquiring an additional 19,539 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Pathward Financial by 103.3% during the second quarter. Assenagon Asset Management S.A. now owns 149,143 shares of the savings and loans company’s stock valued at $8,437,000 after purchasing an additional 75,792 shares during the last quarter. Finally, Greenwich Investment Management Inc. bought a new position in Pathward Financial during the fourth quarter valued at approximately $6,861,000. 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.