Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,419,745 shares of the savings and loans company's stock after selling 47,290 shares during the period. Dimensional Fund Advisors LP owned about 5.89% of Pathward Financial worth $104,466,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. acquired a new stake in Pathward Financial in the fourth quarter valued at approximately $3,734,999,000. Revolve Wealth Partners LLC purchased a new stake in shares of Pathward Financial during the 4th quarter worth $267,437,000. JPMorgan Chase & Co. grew its stake in shares of 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 worth $41,885,000 after purchasing an additional 195,331 shares in the last quarter. FMR LLC increased its holdings in Pathward Financial by 7.4% in the fourth 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 last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Pathward Financial in the fourth quarter valued at $10,865,000. Institutional investors and hedge funds own 92.66% of the company's stock.

Insider Activity

In related news, CAO Jennifer W. Warren sold 1,667 shares of Pathward Financial 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 transaction, the chief accounting officer now directly owns 5,019 shares in the company, valued at $391,331.43. This trade represents a 24.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kendall E. Stork sold 4,000 shares of Pathward Financial stock in a transaction dated Tuesday, April 29th. The shares were 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 directly owns 6,153 shares in the company, valued at approximately $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 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 company insiders.

Analyst Ratings Changes

Separately, Piper Sandler upped their price objective on 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 Up 2.4 %

Shares of Pathward Financial stock traded up $1.96 during trading hours on Friday, hitting $81.86. The company had a trading volume of 48,381 shares, compared to its average volume of 214,056. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The company's 50-day moving average is $73.21 and its two-hundred day moving average is $76.22. The company has a market cap of $1.95 billion, a P/E ratio of 11.93 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.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (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 analyst estimates of $256.30 million. During the same quarter last year, the company posted $2.56 earnings per share. Analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm 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 of this dividend was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Pathward Financial's dividend payout ratio (DPR) is presently 2.70%.

About Pathward Financial

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.