Pathward Financial, Inc. (NASDAQ:CASH) Director Kendall E. Stork Sells 2,000 Shares

Pathward Financial, Inc. (NASDAQ:CASH) Director Kendall E. Stork sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $53.53, for a total value of $107,060.00. Following the completion of the transaction, the director now owns 11,213 shares of the company’s stock, valued at approximately $600,231.89. The sale was disclosed in a document filed with the SEC, which is available through this link.

Pathward Financial Stock Performance

CASH stock traded up $0.13 during mid-day trading on Wednesday, hitting $53.99. 137,586 shares of the company were exchanged, compared to its average volume of 179,452. The business has a 50 day simple moving average of $50.16 and a 200-day simple moving average of $50.42. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.38 billion, a PE ratio of 8.11 and a beta of 0.66. Pathward Financial, Inc. has a 1-year low of $41.79 and a 1-year high of $60.49.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data on Wednesday, April 24th. The savings and loans company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.19. Pathward Financial had a net margin of 22.90% and a return on equity of 25.09%. The firm had revenue of $247.25 million during the quarter, compared to the consensus estimate of $240.46 million. During the same period last year, the business posted $2.18 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that Pathward Financial, Inc. will post 6.43 earnings per share for the current year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, March 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. Pathward Financial’s dividend payout ratio is presently 3.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CASH. Keefe, Bruyette & Woods cut their target price 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. Piper Sandler cut their target price 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in Pathward Financial by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 303,798 shares of the savings and loans company’s stock valued at $14,002,000 after acquiring an additional 3,733 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Pathward Financial in the third quarter valued at approximately $968,000. Stifel Financial Corp increased its stake in Pathward Financial by 981.5% in the third quarter. Stifel Financial Corp now owns 98,040 shares of the savings and loans company’s stock valued at $4,519,000 after acquiring an additional 88,975 shares during the last quarter. Vinva Investment Management Ltd increased its stake in Pathward Financial by 1.4% in the third quarter. Vinva Investment Management Ltd now owns 70,819 shares of the savings and loans company’s stock valued at $3,264,000 after acquiring an additional 953 shares during the last quarter. Finally, Moody Aldrich Partners LLC bought a new position in Pathward Financial in the third quarter valued at approximately $4,157,000. 92.66% of the stock is owned by institutional investors.

About Pathward Financial

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.