Orchard Capital Management LLC Has $10.61 Million Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Orchard Capital Management LLC trimmed its position in Pathward Financial, Inc. (NASDAQ:CASH) by 1.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 187,463 shares of the savings and loans company’s stock after selling 2,540 shares during the period. Pathward Financial comprises 3.2% of Orchard Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Orchard Capital Management LLC owned approximately 0.74% of Pathward Financial worth $10,605,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CASH. Opal Wealth Advisors LLC bought a new stake in Pathward Financial in the 2nd quarter worth about $25,000. Gladius Capital Management LP bought a new stake in Pathward Financial in the 2nd quarter worth about $31,000. EntryPoint Capital LLC bought a new stake in Pathward Financial in the 1st quarter worth about $59,000. Arbor Capital Management Inc. ADV bought a new stake in Pathward Financial in the 2nd quarter worth about $182,000. Finally, Steward Partners Investment Advisory LLC grew its position in Pathward Financial by 10.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,843 shares of the savings and loans company’s stock worth $256,000 after purchasing an additional 441 shares in the last quarter. 92.66% of the stock is owned by institutional investors.

Insider Activity at Pathward Financial

In related 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 transaction of $205,840.00. Following the sale, the president now directly owns 30,046 shares in the company, valued at approximately $1,995,054.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related 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 transaction of $205,840.00. Following the sale, the president now directly owns 30,046 shares in the company, valued at approximately $1,995,054.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 sale, the director now owns 19,531 shares in the company, valued at $1,267,757.21. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Pathward Financial Stock Up 1.9 %

Pathward Financial stock opened at $69.10 on Friday. Pathward Financial, Inc. has a twelve month low of $41.79 and a twelve month high of $69.63. The firm has a 50 day moving average price of $65.26 and a 200-day moving average price of $56.93. The company has a market capitalization of $1.75 billion, a P/E ratio of 10.38 and a beta of 0.68. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last released its earnings results on Wednesday, July 24th. The savings and loans company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.11. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The firm had revenue of $176.73 million during the quarter, compared to the consensus estimate of $176.63 million. During the same period in the prior year, the firm earned $1.76 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts predict that Pathward Financial, Inc. will post 6.87 EPS for the current year.

Pathward Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Tuesday, September 10th. Pathward Financial’s payout ratio is currently 3.00%.

Wall Street Analyst Weigh In

CASH has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped 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. Piper Sandler increased their target price on shares of Pathward Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th.

Pathward Financial 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.