The Manufacturers Life Insurance Company Has $724,000 Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

The Manufacturers Life Insurance Company grew its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,803 shares of the savings and loans company’s stock after acquiring an additional 315 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Pathward Financial were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Pathward Financial by 4.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,583,602 shares of the savings and loans company’s stock worth $83,820,000 after acquiring an additional 69,374 shares during the last quarter. American Century Companies Inc. boosted its stake in Pathward Financial by 20.4% during the second quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock valued at $28,551,000 after buying an additional 85,566 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Pathward Financial during the first quarter valued at approximately $17,819,000. Epoch Investment Partners Inc. raised its holdings in shares of Pathward Financial by 7.8% in the first quarter. Epoch Investment Partners Inc. now owns 269,425 shares of the savings and loans company’s stock worth $13,601,000 after buying an additional 19,539 shares during the period. Finally, Mawer Investment Management Ltd. bought a new stake in Pathward Financial during the 2nd quarter valued at $12,376,000. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Price Performance

Shares of NASDAQ CASH opened at $73.74 on Tuesday. 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 twelve month low of $41.79 and a twelve month high of $74.49. The business has a 50 day simple moving average of $66.12 and a 200-day simple moving average of $59.15. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 11.07 and a beta of 0.68.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Wednesday, July 24th. The savings and loans company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.11. Pathward Financial had a return on equity of 23.59% and a net margin of 22.10%. The firm had revenue of $176.73 million for the quarter, compared to the consensus estimate of $176.63 million. During the same quarter in the previous year, the company posted $1.76 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts expect that Pathward Financial, Inc. will post 6.54 earnings per share for the current year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. Pathward Financial’s payout ratio is 3.00%.

Insider Transactions at Pathward Financial

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 value of $205,840.00. Following the sale, the president now owns 30,046 shares of the company’s stock, 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 SEC, which is available through the SEC website. In related news, 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 value of $129,820.00. Following the sale, the director now owns 19,531 shares of the company’s stock, valued at $1,267,757.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Anthony M. Sharett sold 3,100 shares of the company’s 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 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 disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on CASH. Piper Sandler lifted their price objective on 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 boosted their target price 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.

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.