Aptus Capital Advisors LLC Buys Shares of 99,794 Pathward Financial, Inc. (NASDAQ:CASH)

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

A number of other institutional investors also recently bought and sold shares of CASH. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Pathward Financial during the 4th quarter valued at approximately $3,734,999,000. Revolve Wealth Partners LLC bought a new position in Pathward Financial in the fourth quarter worth about $267,437,000. JPMorgan Chase & Co. lifted its position in Pathward Financial by 52.2% during the fourth quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company's stock valued at $41,885,000 after acquiring an additional 195,331 shares during the last quarter. FMR LLC increased its position in Pathward Financial by 7.4% during 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 in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Pathward Financial in the 4th quarter valued at approximately $10,865,000. 92.66% of the stock is owned by institutional investors.

Insider Transactions at Pathward Financial

In related news, CEO Brett L. Pharr sold 10,365 shares of Pathward Financial stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $78.07, for a total value of $809,195.55. Following the sale, the chief executive officer now directly owns 69,750 shares in the company, valued at approximately $5,445,382.50. The trade was a 12.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kendall E. Stork sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $79.33, for a total value of $317,320.00. Following the transaction, the director now directly owns 6,153 shares of the company's stock, valued at $488,117.49. The trade was a 39.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,882 shares of company stock valued at $1,403,123 in the last ninety days. 1.23% of the stock is currently owned by corporate insiders.

Pathward Financial Stock Performance

Shares of CASH stock traded up $0.53 during trading hours on Wednesday, hitting $81.88. The company's stock had a trading volume of 173,963 shares, compared to its average volume of 196,005. The stock has a market cap of $1.95 billion, a PE ratio of 11.94 and a beta of 0.64. Pathward Financial, Inc. has a 12-month low of $51.97 and a 12-month high of $86.00. The company has a 50 day moving average of $73.48 and a 200 day moving average of $76.39. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04.

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. The company had revenue of $262.90 million during the quarter, compared to the consensus estimate of $256.30 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. During the same period in the previous year, the firm posted $2.56 earnings per share. On average, sell-side analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised their target price on Pathward Financial from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note 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.