Seizert Capital Partners LLC Sells 288 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Seizert Capital Partners LLC lessened its position in Pathward Financial, Inc. (NASDAQ:CASH) by 1.0% in the third quarter, HoldingsChannel.com reports. The fund owned 28,855 shares of the savings and loans company’s stock after selling 288 shares during the period. Seizert Capital Partners LLC’s holdings in Pathward Financial were worth $1,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Pathward Financial by 384.6% in the 3rd quarter. Victory Capital Management Inc. now owns 23,572 shares of the savings and loans company’s stock valued at $1,556,000 after purchasing an additional 18,708 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Pathward Financial in the third quarter valued at approximately $274,000. Los Angeles Capital Management LLC bought a new position in shares of Pathward Financial during the 3rd quarter worth approximately $476,000. Rosenthal Henry Capital Advisors Inc. increased its holdings in shares of Pathward Financial by 1.3% during the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 54,849 shares of the savings and loans company’s stock worth $3,621,000 after acquiring an additional 700 shares during the last quarter. Finally, US Bancorp DE raised its stake in Pathward Financial by 39.5% in the 3rd quarter. US Bancorp DE now owns 8,896 shares of the savings and loans company’s stock valued at $587,000 after acquiring an additional 2,518 shares during the period. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pathward Financial

In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of Pathward Financial stock in a transaction on Friday, September 13th. The stock was sold at an average price of $66.40, for a total value of $205,840.00. Following the completion of the transaction, the president now directly owns 30,046 shares of the company’s stock, valued at $1,995,054.40. The trade was a 9.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas J. Hajek sold 2,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $64.91, for a total value of $129,820.00. Following the sale, the director now directly owns 19,531 shares in the company, 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. Over the last ninety days, insiders sold 7,350 shares of company stock worth $517,010. Company insiders own 0.72% of the company’s stock.

Pathward Financial Stock Performance

NASDAQ:CASH opened at $79.63 on Friday. The stock has a 50 day simple moving average of $70.83 and a 200 day simple moving average of $63.14. The stock has a market cap of $1.99 billion, a P/E ratio of 12.01 and a beta of 0.67. Pathward Financial, Inc. has a 1-year low of $46.68 and a 1-year high of $83.83. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.08. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The company had revenue of $167.90 million during the quarter, compared to analysts’ expectations of $167.20 million. During the same quarter in the previous year, the business posted $1.36 earnings per share. Pathward Financial’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts anticipate that Pathward Financial, Inc. will post 7.05 earnings per share for the current year.

Pathward Financial Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on CASH. Keefe, Bruyette & Woods lifted their price objective on shares of Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Piper Sandler upped their price target 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.

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.