AdvisorShares Investments LLC Makes New Investment in Pathward Financial, Inc. (NASDAQ:CASH)

AdvisorShares Investments LLC bought a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,040 shares of the savings and loans company's stock, valued at approximately $444,000.

A number of other large investors have also recently made changes to their positions in CASH. Meritage Portfolio Management bought a new position in Pathward Financial in the 4th quarter worth about $435,000. Assenagon Asset Management S.A. bought a new stake in shares of Pathward Financial during the fourth quarter valued at about $10,865,000. RMR Wealth Builders boosted its position in shares of Pathward Financial by 88.3% in the fourth quarter. RMR Wealth Builders now owns 40,406 shares of the savings and loans company's stock valued at $2,973,000 after acquiring an additional 18,947 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new position in Pathward Financial during the fourth quarter valued at approximately $3,734,999,000. Finally, Natixis Advisors LLC bought a new stake in Pathward Financial during the 4th quarter worth approximately $1,739,000. 92.66% of the stock is owned by institutional investors.

Pathward Financial Price Performance

Shares of CASH stock traded up $1.94 during trading on Friday, hitting $81.84. The company had a trading volume of 185,598 shares, compared to its average volume of 196,103. The stock's 50-day moving average is $73.30 and its two-hundred day moving average is $76.29. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 11.93 and a beta of 0.64. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 52 week low of $51.97 and a 52 week high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.40. The firm had revenue of $262.90 million for the quarter, compared to analysts' expectations of $256.30 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. During the same quarter last year, the company posted $2.56 EPS. As a group, analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were given a $0.05 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. Pathward Financial's payout ratio is 2.70%.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on shares of Pathward Financial from $91.00 to $94.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd.

Insiders Place Their Bets

In related news, Director Douglas J. Hajek sold 1,850 shares of Pathward Financial stock in a transaction on Friday, April 25th. The shares were sold at an average price of $79.26, for a total value of $146,631.00. Following the transaction, the director now owns 19,631 shares in the company, valued at $1,555,953.06. This trade represents a 8.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett L. Pharr sold 10,365 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $78.07, for a total value of $809,195.55. Following the transaction, the chief executive officer now directly owns 69,750 shares in the company, valued at $5,445,382.50. This trade represents a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,882 shares of company stock valued at $1,403,123 over the last quarter. 1.23% of the stock is owned by corporate insiders.

Pathward Financial Company 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.