Marshall Wace LLP Boosts Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Marshall Wace LLP boosted its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 321.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,127 shares of the savings and loans company’s stock after acquiring an additional 71,054 shares during the period. Marshall Wace LLP owned 0.37% of Pathward Financial worth $5,268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Pathward Financial during the 2nd quarter worth approximately $25,000. Gladius Capital Management LP bought a new stake in Pathward Financial during the 2nd quarter worth approximately $31,000. EntryPoint Capital LLC bought a new stake in Pathward Financial during the 1st quarter worth approximately $59,000. Arbor Capital Management Inc. ADV bought a new stake in shares of Pathward Financial during the second quarter valued at approximately $182,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Pathward Financial by 10.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,843 shares of the savings and loans company’s stock valued at $256,000 after buying an additional 441 shares during the last quarter. Institutional investors own 92.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Piper Sandler lifted their price objective 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. Keefe, Bruyette & Woods lifted their price objective on shares of Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th.

Insiders Place Their Bets

In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of Pathward Financial stock in a transaction 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 completion of the transaction, the president now directly owns 30,046 shares of the company’s stock, valued at $1,995,054.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of Pathward Financial stock in a transaction 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 completion of the transaction, the president now directly owns 30,046 shares of the company’s stock, valued at $1,995,054.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas J. Hajek sold 2,000 shares of Pathward Financial stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $64.91, for a total transaction 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 disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Pathward Financial Trading Down 2.2 %

Shares of CASH opened at $64.54 on Wednesday. The company’s fifty day moving average is $65.64 and its 200 day moving average is $57.79. Pathward Financial, Inc. has a fifty-two week low of $41.79 and a fifty-two week high of $69.63. The stock has a market capitalization of $1.63 billion, a PE ratio of 9.69 and a beta of 0.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.73.

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

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.31%. The ex-dividend date was Tuesday, September 10th. Pathward Financial’s payout ratio is 3.00%.

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.