669 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Bought by Kennicott Capital Management LLC

Kennicott Capital Management LLC bought a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 669 shares of the savings and loans company’s stock, valued at approximately $35,000.

Several other large investors have also added to or reduced their stakes in the business. Carmel Capital Partners LLC acquired a new stake in Pathward Financial in the third quarter valued at $36,000. Harvest Fund Management Co. Ltd lifted its stake in Pathward Financial by 170.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,696 shares of the savings and loans company’s stock valued at $78,000 after acquiring an additional 1,070 shares during the last quarter. Cottage Street Advisors LLC lifted its stake in Pathward Financial by 60.9% in the fourth quarter. Cottage Street Advisors LLC now owns 2,114 shares of the savings and loans company’s stock valued at $112,000 after acquiring an additional 800 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Pathward Financial by 24.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,535 shares of the savings and loans company’s stock valued at $134,000 after acquiring an additional 500 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Pathward Financial in the third quarter valued at $152,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Insider Activity

In related news, President Anthony M. Sharett sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $47.50, for a total transaction of $47,500.00. Following the transaction, the president now directly owns 33,146 shares of the company’s stock, valued at $1,574,435. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CASH. Piper Sandler cut their price target on shares of Pathward Financial from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Keefe, Bruyette & Woods cut their price target on shares of Pathward Financial from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Friday, April 5th.

Pathward Financial Stock Performance

Shares of CASH traded up $0.40 during trading hours on Tuesday, hitting $50.75. The company had a trading volume of 128,401 shares, compared to its average volume of 179,744. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 8.33 and a beta of 0.71. The business has a fifty day moving average of $50.01 and a 200-day moving average of $50.06. Pathward Financial, Inc. has a 12 month low of $39.90 and a 12 month high of $60.49. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 0.05.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data on Wednesday, January 24th. The savings and loans company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.17). The company had revenue of $162.80 million during the quarter, compared to the consensus estimate of $166.45 million. Pathward Financial had a net margin of 22.22% and a return on equity of 24.97%. Pathward Financial’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 earnings per share. Equities analysts anticipate that Pathward Financial, Inc. will post 6.32 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Monday, March 11th. Pathward Financial’s payout ratio is presently 3.28%.

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.