Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC cut its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,131 shares of the savings and loans company's stock after selling 9,572 shares during the quarter. Bridgeway Capital Management LLC owned about 0.36% of Pathward Financial worth $6,411,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CASH. Smartleaf Asset Management LLC grew its holdings in shares of 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 purchasing an additional 414 shares during the last quarter. KBC Group NV increased its stake 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 during the last quarter. Sterling Capital Management LLC raised its holdings 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 valued at $43,000 after buying an additional 516 shares in the last quarter. Aquatic Capital Management LLC raised its holdings in Pathward Financial by 11.1% in the 4th quarter. Aquatic Capital Management LLC now owns 5,333 shares of the savings and loans company's stock worth $392,000 after acquiring an additional 533 shares during the period. Finally, Diversified Trust Co boosted its position in shares of Pathward Financial by 9.7% in the fourth quarter. Diversified Trust Co now owns 8,931 shares of the savings and loans company's stock valued at $657,000 after acquiring an additional 787 shares during the period. Institutional investors and hedge funds own 92.66% of the company's stock.

Insider Buying and Selling

In related news, CAO Jennifer W. Warren sold 1,667 shares of the firm's stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 5,019 shares of the company's stock, valued at approximately $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 Douglas J. Hajek sold 1,850 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $79.26, for a total transaction of $146,631.00. Following the completion of the transaction, the director now directly owns 19,631 shares in the company, valued at $1,555,953.06. This represents a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,882 shares of company stock worth $1,403,123 in the last three months. Insiders own 1.23% of the company's stock.

Analyst Ratings Changes

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

Pathward Financial Trading Up 1.6%

Pathward Financial stock traded up $1.33 during trading hours on Monday, reaching $83.58. 30,045 shares of the company's stock were exchanged, compared to its average volume of 195,812. Pathward Financial, Inc. has a twelve month low of $51.97 and a twelve month high of $86.20. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.99 billion, a PE ratio of 12.23 and a beta of 0.64. The firm's 50 day simple moving average is $73.87 and its 200 day simple moving average is $76.63.

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 for the quarter, topping the consensus estimate 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 the consensus estimate of $256.30 million. During the same quarter last year, the company earned $2.56 earnings per share. Research analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

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 $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial's dividend payout ratio (DPR) is 2.70%.

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.