Insider Selling: Pathward Financial, Inc. (NASDAQ:CASH) CFO Sells $181,350.00 in Stock

Pathward Financial, Inc. (NASDAQ:CASH) CFO Greg Sigrist sold 2,250 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following the completion of the transaction, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at $777,306.40. This trade represents a 18.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Pathward Financial Stock Performance

Pathward Financial stock opened at $80.06 on Friday. The business has a 50 day moving average of $70.32 and a 200-day moving average of $62.83. Pathward Financial, Inc. has a 1 year low of $46.68 and a 1 year high of $83.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.74 and a quick ratio of 0.63. The company has a market capitalization of $2.00 billion, a P/E ratio of 12.08 and a beta of 0.67.

Pathward Financial (NASDAQ:CASH) last released its earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.08. The business had revenue of $167.90 million during the quarter, compared to the consensus estimate of $167.20 million. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS. On average, equities research analysts predict that Pathward Financial, Inc. will post 7.05 earnings per share for the current 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 given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Tuesday, September 10th. Pathward Financial’s dividend payout ratio is presently 3.02%.

Institutional Trading of Pathward Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its position in Pathward Financial by 6.9% during the 3rd quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock valued at $135,471,000 after purchasing an additional 132,067 shares during the period. American Century Companies Inc. lifted its holdings in shares of Pathward Financial by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock worth $28,551,000 after purchasing an additional 85,566 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Pathward Financial by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 328,413 shares of the savings and loans company’s stock worth $21,679,000 after purchasing an additional 1,733 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in Pathward Financial by 7.8% during 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 acquiring an additional 19,539 shares in the last quarter. Finally, Mawer Investment Management Ltd. lifted its stake in Pathward Financial by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 225,815 shares of the savings and loans company’s stock valued at $14,906,000 after acquiring an additional 7,049 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Piper Sandler upped their price objective on Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th.

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.