Allspring Global Investments Holdings LLC Has $460,000 Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

Allspring Global Investments Holdings LLC cut its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,963 shares of the savings and loans company’s stock after selling 517 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Pathward Financial were worth $460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CASH. Opal Wealth Advisors LLC bought a new position in Pathward Financial in the second quarter valued at approximately $25,000. Quarry LP lifted its holdings in Pathward Financial by 419.0% in the second quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock valued at $29,000 after buying an additional 419 shares during the period. Gladius Capital Management LP acquired a new position in Pathward Financial in the second quarter valued at $31,000. USA Financial Formulas acquired a new position in shares of Pathward Financial during the third quarter valued at about $56,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Pathward Financial during the first quarter valued at about $59,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Pathward Financial Price Performance

Shares of NASDAQ:CASH opened at $71.28 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.74 and a quick ratio of 0.63. Pathward Financial, Inc. has a one year low of $46.40 and a one year high of $75.20. The company’s fifty day moving average price is $68.60 and its 200-day moving average price is $61.20. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 10.75 and a beta of 0.68.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.08. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The business had revenue of $167.90 million for the quarter, compared to analyst estimates of $167.20 million. During the same quarter last year, the firm earned $1.36 EPS. The company’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Pathward Financial, Inc. will post 7.05 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. Pathward Financial’s dividend payout ratio is presently 3.02%.

Insider Transactions at Pathward Financial

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods upped their price target on shares of Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th.

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.