6,040 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Purchased by AdvisorShares Investments LLC

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

Other institutional investors and hedge funds have also modified their holdings of the company. Pinnacle Wealth Planning Services Inc. purchased a new position in Pathward Financial during the 4th quarter valued at about $3,734,999,000. Revolve Wealth Partners LLC purchased a new position in Pathward Financial during the fourth quarter valued at approximately $267,437,000. FMR LLC increased its stake in Pathward Financial by 7.4% in the 4th quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company's stock valued at $162,141,000 after buying an additional 151,316 shares during the period. Geode Capital Management LLC lifted its position in Pathward Financial by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 711,538 shares of the savings and loans company's stock worth $52,365,000 after buying an additional 11,654 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Pathward Financial by 10.8% during the 4th quarter. American Century Companies Inc. now owns 643,150 shares of the savings and loans company's stock valued at $47,323,000 after buying an additional 62,931 shares during the period. Hedge funds and other institutional investors own 92.66% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler increased their price objective on Pathward Financial from $91.00 to $94.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd.

Insider Buying and Selling at Pathward Financial

In other news, CAO Jennifer W. Warren sold 1,667 shares of Pathward Financial stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $77.97, for a total value of $129,975.99. Following the transaction, the chief accounting officer now owns 5,019 shares of the company's stock, valued at $391,331.43. This trade represents a 24.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kendall E. Stork sold 4,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $79.33, for a total transaction of $317,320.00. Following the completion of the sale, the director now owns 6,153 shares of the company's stock, valued at $488,117.49. The trade was a 39.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,882 shares of company stock worth $1,403,123 over the last three months. Corporate insiders own 1.23% of the company's stock.

Pathward Financial Stock Up 0.9 %

Shares of NASDAQ CASH traded up $0.73 during trading hours on Monday, hitting $82.57. The stock had a trading volume of 46,282 shares, compared to its average volume of 195,515. The firm's 50-day moving average price is $73.30 and its two-hundred day moving average price is $76.30. Pathward Financial, Inc. has a 52 week low of $51.97 and a 52 week high of $86.00. The company has a market capitalization of $1.97 billion, a P/E ratio of 12.04 and a beta of 0.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77.

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

Pathward Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.24%. Pathward Financial's dividend payout ratio (DPR) is currently 2.70%.

Pathward Financial 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.