Mutual of America Capital Management LLC Has $248,000 Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Mutual of America Capital Management LLC trimmed its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 9.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,757 shares of the savings and loans company’s stock after selling 397 shares during the period. Mutual of America Capital Management LLC’s holdings in Pathward Financial were worth $248,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in Pathward Financial by 384.6% during the third quarter. Victory Capital Management Inc. now owns 23,572 shares of the savings and loans company’s stock worth $1,556,000 after purchasing an additional 18,708 shares during the period. Entropy Technologies LP bought a new position in shares of Pathward Financial during the 3rd quarter worth approximately $274,000. Los Angeles Capital Management LLC acquired a new stake in Pathward Financial in the 3rd quarter valued at $476,000. Rosenthal Henry Capital Advisors Inc. increased its position in shares of Pathward Financial by 1.3% during the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 54,849 shares of the savings and loans company’s stock worth $3,621,000 after purchasing an additional 700 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Pathward Financial by 39.5% during the third quarter. US Bancorp DE now owns 8,896 shares of the savings and loans company’s stock worth $587,000 after buying an additional 2,518 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their target price on Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th.

Pathward Financial Trading Up 1.2 %

CASH stock opened at $84.46 on Friday. The company has a market cap of $2.11 billion, a P/E ratio of 12.74 and a beta of 0.67. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a twelve month low of $46.68 and a twelve month high of $86.00. The business has a fifty day moving average of $73.52 and a 200-day moving average of $64.97.

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

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Pathward Financial’s payout ratio is 3.02%.

Insider Transactions at Pathward Financial

In related news, President Anthony M. Sharett sold 3,100 shares of the firm’s 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 completion of 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 9.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas J. Hajek sold 2,000 shares of the business’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 value of $129,820.00. Following the transaction, the director now directly owns 19,531 shares in the company, valued at approximately $1,267,757.21. This trade represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,350 shares of company stock valued at $517,010 over the last three months. Company insiders own 0.72% of the company’s stock.

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.