Thrivent Financial for Lutherans Sells 21,720 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Thrivent Financial for Lutherans lowered its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 50.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,979 shares of the savings and loans company’s stock after selling 21,720 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Pathward Financial worth $1,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in Pathward Financial by 4.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,583,602 shares of the savings and loans company’s stock worth $83,820,000 after acquiring an additional 69,374 shares during the last quarter. American Century Companies Inc. grew its position in Pathward Financial by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock worth $28,551,000 after acquiring an additional 85,566 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Pathward Financial during the 1st quarter worth $17,819,000. Epoch Investment Partners Inc. grew its position in Pathward Financial by 7.8% during the 1st quarter. Epoch Investment Partners Inc. now owns 269,425 shares of the savings and loans company’s stock worth $13,601,000 after acquiring an additional 19,539 shares during the last quarter. Finally, Mawer Investment Management Ltd. bought a new stake in Pathward Financial during the 2nd quarter worth $12,376,000. Institutional investors own 92.66% of the company’s stock.

Insider Activity

In other news, Director Douglas J. Hajek sold 2,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,267,757.21. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $66.40, for a total transaction 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 represents a 0.00 % decrease in their position. 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 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 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 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 company insiders.

Pathward Financial Trading Up 3.1 %

NASDAQ CASH opened at $66.73 on Friday. The business’s 50-day moving average price is $65.52 and its two-hundred day moving average price is $58.20. Pathward Financial, Inc. has a 12 month low of $41.79 and a 12 month high of $69.63. The firm has a market capitalization of $1.69 billion, a PE ratio of 10.02 and a beta of 0.68. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.11. The company had revenue of $176.73 million for 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%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 EPS. On average, analysts expect that Pathward Financial, Inc. will post 6.87 EPS for the current year.

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Tuesday, September 10th. Pathward Financial’s dividend payout ratio is 3.00%.

Analysts Set New Price Targets

A number of equities research analysts have commented on CASH shares. Keefe, Bruyette & Woods upped their price target on 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 upped their price target on Pathward Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research 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.