Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,100 shares of the savings and loans company’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Pathward Financial were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its holdings in Pathward Financial by 1.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 14,900 shares of the savings and loans company’s stock valued at $752,000 after buying an additional 212 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Pathward Financial by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 14,728 shares of the savings and loans company’s stock valued at $833,000 after acquiring an additional 288 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Pathward Financial by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,803 shares of the savings and loans company’s stock worth $724,000 after purchasing an additional 315 shares in the last quarter. ProShare Advisors LLC raised its stake in Pathward Financial by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 5,247 shares of the savings and loans company’s stock valued at $265,000 after purchasing an additional 346 shares during the last quarter. Finally, Diversified Trust Co lifted its holdings in Pathward Financial by 5.0% in the 2nd quarter. Diversified Trust Co now owns 8,167 shares of the savings and loans company’s stock valued at $462,000 after purchasing an additional 390 shares in the last quarter. 92.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Pathward Financial news, 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Pathward Financial news, Director Douglas J. Hajek sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 19,531 shares in the company, valued at $1,267,757.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 value of $205,840.00. Following the completion of the transaction, the president now owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CASH. Keefe, Bruyette & Woods boosted their price objective on shares of Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Piper Sandler increased their price target on Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th.

Pathward Financial Trading Down 0.7 %

Shares of CASH opened at $70.78 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.74 and a quick ratio of 0.63. Pathward Financial, Inc. has a 12 month low of $46.64 and a 12 month high of $75.20. The stock has a market cap of $1.77 billion, a PE ratio of 10.68 and a beta of 0.67. The stock’s 50-day moving average is $68.68 and its two-hundred day moving average is $61.53.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.08. The firm had revenue of $167.90 million during the quarter, compared to analysts’ expectations of $167.20 million. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. Pathward Financial’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 EPS. Equities analysts forecast that Pathward Financial, Inc. will post 7.05 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Tuesday, September 10th. Pathward Financial’s payout ratio is 3.02%.

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.