1,200 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Acquired by nVerses Capital LLC

nVerses Capital LLC purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,200 shares of the savings and loans company’s stock, valued at approximately $79,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Pathward Financial in the first quarter worth approximately $17,819,000. Diversified Trust Co raised its stake in shares of Pathward Financial by 4.1% in the first quarter. Diversified Trust Co now owns 7,777 shares of the savings and loans company’s stock worth $393,000 after purchasing an additional 305 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Pathward Financial by 11.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,498 shares of the savings and loans company’s stock worth $278,000 after purchasing an additional 556 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Pathward Financial by 116.9% in the first quarter. BNP Paribas Financial Markets now owns 26,317 shares of the savings and loans company’s stock worth $1,328,000 after purchasing an additional 14,181 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Pathward Financial by 108.5% in the first quarter. GSA Capital Partners LLP now owns 32,878 shares of the savings and loans company’s stock worth $1,660,000 after purchasing an additional 17,111 shares during the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Pathward Financial

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

Pathward Financial Stock Performance

Shares of CASH opened at $74.08 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 11.12 and a beta of 0.68. The stock has a 50 day moving average of $67.13 and a 200 day moving average of $59.84. Pathward Financial, Inc. has a 12 month low of $41.79 and a 12 month high of $75.20.

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, beating analysts’ consensus estimates of $1.55 by $0.11. The company had revenue of $176.73 million during the quarter, compared to the consensus estimate of $176.63 million. Pathward Financial had a return on equity of 23.59% and a net margin of 22.10%. Pathward Financial’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $1.76 earnings per share. As a group, sell-side analysts forecast that Pathward Financial, Inc. will post 6.54 earnings per share for the current year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.27%. The ex-dividend date was Tuesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is 3.00%.

Analyst Ratings Changes

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