Aptus Capital Advisors LLC Invests $7.34 Million in Pathward Financial, Inc. (NASDAQ:CASH)

Aptus Capital Advisors LLC purchased a new position in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 99,794 shares of the savings and loans company's stock, valued at approximately $7,343,000. Aptus Capital Advisors LLC owned about 0.41% of Pathward Financial at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Pathward Financial by 302.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock worth $41,000 after acquiring an additional 414 shares during the period. Sterling Capital Management LLC boosted its stake in Pathward Financial by 726.8% during the fourth quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company's stock worth $43,000 after buying an additional 516 shares in the last quarter. KBC Group NV increased its holdings in Pathward Financial by 45.8% in the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock valued at $104,000 after buying an additional 445 shares during the period. Bank of Montreal Can bought a new position in Pathward Financial during the fourth quarter worth about $201,000. Finally, AXA S.A. acquired a new position in shares of Pathward Financial in the 4th quarter worth approximately $203,000. Institutional investors own 92.66% of the company's stock.

Insider Activity

In other news, Director Douglas J. Hajek sold 1,850 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $79.26, for a total transaction of $146,631.00. Following the transaction, the director now owns 19,631 shares of the company's stock, valued at $1,555,953.06. This represents a 8.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kendall E. Stork sold 4,000 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $79.33, for a total value of $317,320.00. Following the completion of the transaction, the director now owns 6,153 shares in the company, valued at approximately $488,117.49. This represents a 39.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,882 shares of company stock valued at $1,403,123 over the last three months. 1.23% of the stock is owned by insiders.

Pathward Financial Price Performance

Shares of NASDAQ CASH traded down $0.29 during mid-day trading on Friday, hitting $82.43. 47,913 shares of the stock were exchanged, compared to its average volume of 195,651. The company has a market cap of $1.97 billion, a P/E ratio of 12.02 and a beta of 0.64. Pathward Financial, Inc. has a twelve month low of $51.97 and a twelve month high of $86.00. The stock's fifty day simple moving average is $73.70 and its two-hundred day simple moving average is $76.49. 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 announced its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 EPS for the quarter, topping the consensus estimate of $2.71 by $0.40. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company had revenue of $262.90 million for the quarter, compared to analysts' expectations of $256.30 million. During the same quarter in the prior year, the business earned $2.56 earnings per share. As a group, analysts forecast 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. Stockholders of record on Thursday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Pathward Financial's payout ratio is 2.70%.

Wall Street Analysts Forecast Growth

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

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.