Deutsche Bank AG Has $1.62 Million Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Deutsche Bank AG reduced its position in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 59.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,071 shares of the savings and loans company's stock after selling 32,488 shares during the quarter. Deutsche Bank AG owned about 0.09% of Pathward Financial worth $1,624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CASH. Smartleaf Asset Management LLC boosted its position in shares of Pathward Financial by 302.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock worth $41,000 after acquiring an additional 414 shares in the last quarter. Sterling Capital Management LLC lifted 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 purchasing an additional 516 shares during the last quarter. KBC Group NV boosted its holdings in shares of Pathward Financial by 45.8% in the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock valued at $104,000 after purchasing an additional 445 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Pathward Financial in the 4th quarter valued at $201,000. Finally, AXA S.A. bought a new position in shares of Pathward Financial in the 4th quarter valued at $203,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Activity at Pathward Financial

In other 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 transaction of $129,975.99. Following the completion of the transaction, the chief accounting officer now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brett L. Pharr sold 10,365 shares of Pathward Financial stock in a transaction on Friday, April 25th. The stock was sold at an average price of $78.07, for a total transaction of $809,195.55. Following the transaction, the chief executive officer now owns 69,750 shares in the company, valued at approximately $5,445,382.50. This trade represents a 12.94% 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 90 days. 1.23% of the stock is owned by corporate insiders.

Pathward Financial Price Performance

Shares of CASH traded up $0.76 during mid-day trading on Thursday, reaching $78.01. The company had a trading volume of 133,686 shares, compared to its average volume of 197,075. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 11.37 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. The company's 50 day simple moving average is $75.89 and its 200 day simple moving average is $77.15. Pathward Financial, Inc. has a 1-year low of $51.98 and a 1-year high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.40. The firm 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 business posted $2.56 earnings per share. Analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, June 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.