Pathward Financial, Inc. (NASDAQ:CASH) Director Kendall E. Stork Sells 2,000 Shares

Pathward Financial, Inc. (NASDAQ:CASH) Director Kendall E. Stork sold 2,000 shares of Pathward Financial stock in a transaction on Monday, May 6th. The shares were sold at an average price of $53.53, for a total value of $107,060.00. Following the sale, the director now directly owns 11,213 shares in the company, valued at approximately $600,231.89. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Pathward Financial Price Performance

Shares of CASH stock traded up $0.13 during mid-day trading on Wednesday, hitting $53.99. 137,586 shares of the stock traded hands, compared to its average volume of 179,452. Pathward Financial, Inc. has a twelve month low of $41.79 and a twelve month high of $60.49. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 8.11 and a beta of 0.66. The company’s 50-day simple moving average is $50.16 and its 200-day simple moving average is $50.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, April 24th. The savings and loans company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.19. Pathward Financial had a return on equity of 25.09% and a net margin of 22.90%. The company had revenue of $247.25 million for the quarter, compared to analysts’ expectations of $240.46 million. During the same period last year, the firm earned $2.18 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts expect that Pathward Financial, Inc. will post 6.43 earnings per share for the current year.

Pathward Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Monday, March 11th. Pathward Financial’s dividend payout ratio (DPR) is presently 3.00%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Piper Sandler cut their target price on Pathward Financial from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Keefe, Bruyette & Woods cut their target price on Pathward Financial from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Friday, April 5th.

Hedge Funds Weigh In On Pathward Financial

Several hedge funds have recently modified their holdings of the company. ProShare Advisors LLC increased its position in shares of Pathward Financial by 7.1% during 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 period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Pathward Financial in the 1st quarter worth $1,087,000. Illinois Municipal Retirement Fund grew its holdings in shares of Pathward Financial by 1.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 14,900 shares of the savings and loans company’s stock worth $752,000 after acquiring an additional 212 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Pathward Financial by 2,493.2% in the 1st quarter. Quantbot Technologies LP now owns 15,196 shares of the savings and loans company’s stock worth $767,000 after acquiring an additional 14,610 shares during the last quarter. Finally, Gallacher Capital Management LLC acquired a new position in shares of Pathward Financial in the 1st quarter worth $410,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

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.