Quest Partners LLC Boosts Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

Quest Partners LLC grew its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 82.6% in the third quarter, Holdings Channel reports. The institutional investor owned 11,597 shares of the savings and loans company’s stock after purchasing an additional 5,246 shares during the period. Quest Partners LLC’s holdings in Pathward Financial were worth $766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CASH. ProShare Advisors LLC boosted its holdings in shares of Pathward Financial by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 5,247 shares of the savings and loans company’s stock valued at $265,000 after buying an additional 346 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Pathward Financial by 43.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,963 shares of the savings and loans company’s stock valued at $553,000 after acquiring an additional 3,310 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Pathward Financial by 4.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 36,353 shares of the savings and loans company’s stock valued at $1,834,000 after acquiring an additional 1,572 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Pathward Financial during the first quarter worth about $59,000. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Pathward Financial by 7.8% in the 1st quarter. Epoch Investment Partners Inc. now owns 269,425 shares of the savings and loans company’s stock valued at $13,601,000 after purchasing an additional 19,539 shares during the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity at Pathward Financial

In related news, CFO Greg Sigrist sold 2,250 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.60, for a total transaction of $181,350.00. Following the sale, the chief financial officer now owns 9,644 shares of the company’s stock, valued at approximately $777,306.40. The trade was a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $129,820.00. Following the completion of the transaction, the director now directly owns 19,531 shares of the company’s stock, valued at approximately $1,267,757.21. This trade represents a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,350 shares of company stock worth $517,010 over the last 90 days. Company insiders own 0.72% of the company’s stock.

Pathward Financial Stock Performance

Shares of CASH stock opened at $80.95 on Friday. The stock’s 50-day moving average price is $71.61 and its 200 day moving average price is $63.81. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.02 billion, a PE ratio of 12.21 and a beta of 0.67. Pathward Financial, Inc. has a 52-week low of $46.68 and a 52-week high of $83.83.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.27 by $0.08. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The business had revenue of $167.90 million during the quarter, compared to analysts’ expectations of $167.20 million. During the same quarter in the prior year, the business earned $1.36 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Pathward Financial, Inc. will post 7.05 EPS for the current year.

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.