Pathward Financial, Inc. (NASDAQ:CASH) CFO Greg Sigrist Sells 2,250 Shares

Pathward Financial, Inc. (NASDAQ:CASH) CFO Greg Sigrist sold 2,250 shares of Pathward Financial stock in a transaction that occurred on 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Pathward Financial Price Performance

Shares of Pathward Financial stock traded up $0.03 during trading on Tuesday, reaching $81.57. The company’s stock had a trading volume of 249,463 shares, compared to its average volume of 181,107. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 12-month low of $46.68 and a 12-month high of $82.26. The company has a market capitalization of $2.04 billion, a P/E ratio of 12.30 and a beta of 0.67. The business has a 50 day moving average price of $69.77 and a 200-day moving average price of $62.49.

Pathward Financial (NASDAQ:CASH) last released its earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, beating 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 firm had revenue of $167.90 million during the quarter, compared to analyst estimates of $167.20 million. During the same period in the prior year, the firm posted $1.36 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pathward Financial, Inc. will post 7.05 EPS for the current year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Tuesday, September 10th. Pathward Financial’s dividend payout ratio is presently 3.02%.

Institutional Investors Weigh In On Pathward Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mawer Investment Management Ltd. bought a new position in Pathward Financial in the 2nd quarter worth approximately $12,376,000. F M Investments LLC bought a new stake in Pathward Financial during the 2nd quarter worth about $10,784,000. American Century Companies Inc. lifted its position in Pathward Financial by 20.4% during 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 buying an additional 85,566 shares in the last quarter. Foundry Partners LLC bought a new stake in shares of Pathward Financial in the 2nd quarter valued at about $4,669,000. Finally, Assenagon Asset Management S.A. raised its holdings in Pathward Financial by 103.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 149,143 shares of the savings and loans company’s stock valued at $8,437,000 after acquiring an additional 75,792 shares during the period. 92.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.