Anthony M. Sharett Sells 3,100 Shares of Pathward Financial, Inc. (NASDAQ:CASH) Stock

Pathward Financial, Inc. (NASDAQ:CASH) President Anthony M. Sharett sold 3,100 shares of Pathward Financial stock in a transaction 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 sale, the president now directly owns 30,046 shares of the company’s stock, valued at $1,995,054.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pathward Financial Stock Performance

Shares of Pathward Financial stock opened at $67.89 on Wednesday. Pathward Financial, Inc. has a 12 month low of $41.79 and a 12 month high of $69.63. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.72 billion, a PE ratio of 10.19 and a beta of 0.68. The stock’s fifty day simple moving average is $64.87 and its 200 day simple moving average is $56.77.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.11. The business had revenue of $176.73 million for the quarter, compared to analysts’ expectations of $176.63 million. Pathward Financial had a return on equity of 23.59% and a net margin of 22.10%. Pathward Financial’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.76 EPS. On average, research analysts predict that Pathward Financial, Inc. will post 6.87 EPS for the current year.

Pathward Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

CASH has been the topic of a number of recent analyst reports. Piper Sandler raised their target price on Pathward Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods lifted 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 note on Thursday, July 25th.

Institutional Trading of Pathward Financial

Institutional investors have recently modified their holdings of the company. Illinois Municipal Retirement Fund grew its holdings in shares of Pathward Financial by 1.4% during the first quarter. Illinois Municipal Retirement Fund now owns 14,900 shares of the savings and loans company’s stock worth $752,000 after buying an additional 212 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Pathward Financial by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,728 shares of the savings and loans company’s stock worth $833,000 after acquiring an additional 288 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Pathward Financial by 4.1% in the first quarter. Diversified Trust Co now owns 7,777 shares of the savings and loans company’s stock valued at $393,000 after purchasing an additional 305 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Pathward Financial by 2.5% in the second 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. Finally, ProShare Advisors LLC boosted its holdings in Pathward Financial by 7.1% during the first quarter. ProShare Advisors LLC now owns 5,247 shares of the savings and loans company’s stock worth $265,000 after purchasing an additional 346 shares during the last quarter. 92.66% of the stock is currently owned by institutional investors.

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.