SG Americas Securities LLC Has $212,000 Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

SG Americas Securities LLC lessened its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 57.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,211 shares of the savings and loans company’s stock after selling 4,340 shares during the period. SG Americas Securities LLC’s holdings in Pathward Financial were worth $212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CASH. Opal Wealth Advisors LLC acquired a new position in shares of Pathward Financial during the 2nd quarter worth approximately $25,000. Quarry LP grew its position in shares of Pathward Financial by 419.0% during the 2nd quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock worth $29,000 after purchasing an additional 419 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of Pathward Financial during the 2nd quarter worth approximately $31,000. EntryPoint Capital LLC acquired a new position in shares of Pathward Financial during the 1st quarter worth approximately $59,000. Finally, Arbor Capital Management Inc. ADV acquired a new position in shares of Pathward Financial during the 2nd quarter worth approximately $182,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Stock Performance

Shares of Pathward Financial stock opened at $73.09 on Wednesday. The company has a 50 day moving average of $67.59 and a 200-day moving average of $60.16. Pathward Financial, Inc. has a 1-year low of $41.79 and a 1-year high of $75.20. 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 cap of $1.85 billion, a PE ratio of 10.97 and a beta of 0.68.

Pathward Financial (NASDAQ:CASH) last issued 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. The business had revenue of $176.73 million during the quarter, compared to the consensus estimate of $176.63 million. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 EPS. As a group, equities research analysts forecast that Pathward Financial, Inc. will post 6.54 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

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

Insider Activity at Pathward Financial

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 completion of the transaction, the director now owns 19,531 shares of the company’s stock, valued at $1,267,757.21. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the president now directly owns 30,046 shares in the company, valued at approximately $1,995,054.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Douglas J. Hajek sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 owns 19,531 shares of the company’s stock, valued at approximately $1,267,757.21. 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 insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Piper Sandler upped their price target on shares of Pathward Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a 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.