Nisa Investment Advisors LLC Sells 498 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Nisa Investment Advisors LLC reduced its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 19.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,034 shares of the savings and loans company’s stock after selling 498 shares during the period. Nisa Investment Advisors LLC’s holdings in Pathward Financial were worth $134,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Pathward Financial during the 2nd quarter valued at approximately $25,000. Quarry LP increased its stake in Pathward Financial by 419.0% during the second quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock worth $29,000 after acquiring an additional 419 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Pathward Financial in the 3rd quarter worth approximately $29,000. Gladius Capital Management LP bought a new stake in Pathward Financial in the second quarter worth about $31,000. Finally, USA Financial Formulas bought a new position in shares of Pathward Financial in the third quarter worth about $56,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Pathward Financial

In other news, 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 owns 30,046 shares in the company, valued at approximately $1,995,054.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, President Anthony M. Sharett sold 3,100 shares of Pathward Financial stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $66.40, for a total value of $205,840.00. Following the completion of the sale, the president now directly owns 30,046 shares in the company, valued at $1,995,054.40. This trade represents 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. Also, Director Douglas J. Hajek sold 2,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 19,531 shares in the company, valued at $1,267,757.21. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Pathward Financial Trading Down 3.4 %

Shares of NASDAQ:CASH opened at $77.99 on Friday. The company has a market capitalization of $1.95 billion, a PE ratio of 11.76 and a beta of 0.67. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 12-month low of $46.64 and a 12-month high of $80.85. The business’s fifty day simple moving average is $69.31 and its 200-day simple moving average is $61.93.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 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 during the quarter, compared to the consensus estimate of $167.20 million. During the same period in the previous year, the company posted $1.36 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts predict 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. Shareholders 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 yield of 0.26%. Pathward Financial’s dividend payout ratio (DPR) is 3.02%.

Pathward Financial 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.