ProShare Advisors LLC Sells 1,246 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

ProShare Advisors LLC lessened its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 23.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,001 shares of the savings and loans company’s stock after selling 1,246 shares during the period. ProShare Advisors LLC’s holdings in Pathward Financial were worth $226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in Pathward Financial in the 2nd quarter valued at $25,000. Gladius Capital Management LP bought a new position in shares of Pathward Financial in the second quarter worth about $31,000. EntryPoint Capital LLC purchased a new position in Pathward Financial in the 1st quarter worth about $59,000. Arbor Capital Management Inc. ADV bought a new stake in Pathward Financial during the 2nd quarter valued at about $182,000. Finally, Steward Partners Investment Advisory LLC boosted 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 valued at $256,000 after buying an additional 441 shares during the period. 92.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of the business’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 owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of Pathward Financial stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $66.40, for a total transaction of $205,840.00. Following the completion of the sale, the president now owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Douglas J. Hajek sold 2,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $64.91, for a total value of $129,820.00. Following the completion of the transaction, the director now directly owns 19,531 shares in the company, valued at $1,267,757.21. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Pathward Financial Trading Up 3.1 %

Shares of NASDAQ:CASH opened at $66.73 on Friday. The company 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, Inc. has a 12-month low of $41.79 and a 12-month high of $69.63. The business’s fifty day simple moving average is $65.52 and its 200-day simple moving average is $58.13.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, July 24th. The savings and loans company reported $1.66 EPS for the quarter, topping 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 business had revenue of $176.73 million during the quarter, compared to the consensus estimate of $176.63 million. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 earnings per share. As a group, equities research analysts predict that Pathward Financial, Inc. will post 6.87 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.30%. The ex-dividend date was Tuesday, September 10th. Pathward Financial’s dividend payout ratio is currently 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.