Pathward Financial, Inc. (NASDAQ:CASH) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 1,023.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,437 shares of the savings and loans company's stock after purchasing an additional 71,458 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.33% of Pathward Financial worth $5,799,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new stake in shares of Pathward Financial during the 4th quarter worth about $267,437,000. Putney Financial Group LLC acquired a new stake in Pathward Financial in the 4th quarter valued at about $32,223,000. JPMorgan Chase & Co. increased its holdings in shares of Pathward Financial by 52.2% during the 4th quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company's stock worth $41,885,000 after buying an additional 195,331 shares during the last quarter. FMR LLC increased its holdings in shares of 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 worth $162,141,000 after buying an additional 151,316 shares during the last quarter. Finally, Aptus Capital Advisors LLC acquired a new stake in shares of Pathward Financial during the 4th quarter worth approximately $7,343,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 transaction of $129,975.99. Following the completion of the sale, the chief accounting officer directly owned 5,019 shares of the company's stock, valued at approximately $391,331.43. The trade was a 24.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kendall E. Stork sold 4,000 shares of Pathward Financial 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 sale, the director directly owned 6,153 shares of the company's stock, valued at approximately $488,117.49. This trade 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 90 days. Company insiders own 1.23% of the company's stock.

Analyst Ratings Changes

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

Pathward Financial Stock Up 0.2%

Shares of NASDAQ:CASH traded up $0.16 during trading on Wednesday, hitting $83.75. The company's stock had a trading volume of 200,930 shares, compared to its average volume of 198,462. The business has a 50 day moving average price of $78.92 and a two-hundred day moving average price of $76.46. The company has a market capitalization of $2.00 billion, a PE ratio of 11.30 and a beta of 0.62. 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 fifty-two week low of $57.70 and a fifty-two week high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its quarterly 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. The business 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 22.69% and a return on equity of 22.50%. During the same quarter in the previous year, the firm posted $2.56 earnings per share. As a group, research analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a dividend of $0.05 per share. The ex-dividend date was Friday, June 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. Pathward Financial's dividend payout ratio (DPR) 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.