Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 34.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,725 shares of the savings and loans company's stock after selling 15,322 shares during the period. BNP Paribas Financial Markets owned 0.12% of Pathward Financial worth $2,114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in Pathward Financial by 302.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock valued at $41,000 after acquiring an additional 414 shares during the period. Sterling Capital Management LLC grew 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 during the period. KBC Group NV increased its position in shares of Pathward Financial by 45.8% in the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock worth $104,000 after acquiring an additional 445 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Pathward Financial in the fourth quarter worth $201,000. Finally, AXA S.A. purchased a new position in shares of Pathward Financial in the 4th quarter valued at $203,000. Hedge funds and other institutional investors own 92.66% of the company's stock.

Insider Buying and Selling at Pathward Financial

In related news, Director Douglas J. Hajek sold 1,850 shares of the company's 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 sale, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kendall E. Stork sold 4,000 shares of the firm'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 transaction, the director now directly owns 6,153 shares of the company's stock, valued at approximately $488,117.49. This represents a 39.40% 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 in the last ninety days. Insiders own 1.23% of the company's stock.

Analysts Set New Price Targets

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

Pathward Financial Stock Down 0.5%

Shares of CASH stock traded down $0.44 during trading hours on Tuesday, reaching $80.71. The company had a trading volume of 114,118 shares, compared to its average volume of 196,976. The stock's fifty day simple moving average is $75.04 and its 200 day simple moving average is $77.10. The company has a market capitalization of $1.92 billion, a P/E ratio of 11.77 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, Inc. has a twelve month low of $51.97 and a twelve month 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 (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.40. The company had revenue of $262.90 million for the quarter, compared to analyst estimates 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 firm posted $2.56 earnings per share. As a group, sell-side analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Pathward Financial's dividend payout ratio 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.