Sei Investments Co. Has $633,000 Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Sei Investments Co. decreased its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 28.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,185 shares of the savings and loans company’s stock after selling 4,430 shares during the period. Sei Investments Co.’s holdings in Pathward Financial were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in 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 purchasing an additional 69,374 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Pathward Financial by 20.4% in the second quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock valued at $28,551,000 after buying an additional 85,566 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Pathward Financial during the 1st quarter worth about $17,819,000. Epoch Investment Partners Inc. lifted its position in Pathward Financial by 7.8% during the 1st quarter. Epoch Investment Partners Inc. now owns 269,425 shares of the savings and loans company’s stock worth $13,601,000 after buying an additional 19,539 shares in the last quarter. Finally, Mawer Investment Management Ltd. bought a new stake in Pathward Financial during the 2nd quarter worth about $12,376,000. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Price Performance

Shares of CASH stock opened at $68.14 on Wednesday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 10.23 and a beta of 0.68. Pathward Financial, Inc. has a 12 month low of $41.79 and a 12 month high of $69.63. 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 stock has a 50-day moving average price of $65.52 and a 200 day moving average price of $58.51.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, July 24th. The savings and loans company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.55 by $0.11. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The company had revenue of $176.73 million during the quarter, compared to analysts’ expectations of $176.63 million. During the same quarter in the previous year, the company earned $1.76 EPS. Pathward Financial’s revenue was up 7.0% on a year-over-year basis. Research analysts expect 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 was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid 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 was Tuesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is currently 3.00%.

Wall Street Analyst Weigh In

CASH has been the subject of a number of research analyst reports. Piper Sandler boosted their target price on shares of Pathward Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th.

Insider Transactions at Pathward Financial

In related news, President Anthony M. Sharett sold 3,100 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $66.40, for a total value of $205,840.00. Following the completion of the sale, the president now owns 30,046 shares in the company, valued at approximately $1,995,054.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Douglas J. Hajek sold 2,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 19,531 shares in the company, valued at $1,267,757.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the president now directly owns 30,046 shares in the company, valued at $1,995,054.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

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.