Pathward Financial, Inc. (NASDAQ:CASH) Stock Holdings Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 10.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,390 shares of the savings and loans company's stock after selling 3,085 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Pathward Financial worth $1,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CASH. Revolve Wealth Partners LLC bought a new position in Pathward Financial during the 4th quarter valued at $267,437,000. Smartleaf Asset Management LLC raised 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 worth $41,000 after purchasing an additional 414 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Pathward Financial by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,455 shares of the savings and loans company's stock worth $24,388,000 after purchasing an additional 3,042 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Pathward Financial by 77.0% during the fourth quarter. Victory Capital Management Inc. now owns 41,728 shares of the savings and loans company's stock worth $3,070,000 after purchasing an additional 18,156 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Pathward Financial during the fourth quarter worth $279,000. 92.66% of the stock is currently owned by institutional investors.

Insider Activity at Pathward Financial

In other news, CAO Jennifer W. Warren sold 1,667 shares of the firm's stock in a transaction dated 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 owned 5,019 shares in the company, valued at approximately $391,331.43. This trade represents a 24.93% decrease in their position. The transaction was disclosed in a document filed 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 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 transaction, the director owned 6,153 shares of the company's stock, valued at approximately $488,117.49. This trade represents a 39.40% 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 90 days. Corporate insiders own 1.23% of the company's stock.

Pathward Financial Stock Performance

Shares of CASH stock traded up $0.16 during trading hours on Wednesday, reaching $83.75. The stock had a trading volume of 200,930 shares, compared to its average volume of 198,002. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. Pathward Financial, Inc. has a twelve month low of $56.90 and a twelve month high of $86.00. The firm has a 50-day simple moving average of $78.83 and a 200-day simple moving average of $76.41. The firm has a market capitalization of $2.00 billion, a PE ratio of 11.30 and a beta of 0.62.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.40. Pathward Financial had a net margin of 22.69% and a return on equity of 22.50%. The business had revenue of $262.90 million for the quarter, compared to analysts' expectations of $256.30 million. During the same quarter last year, the company earned $2.56 EPS. As a group, equities analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.20 annualized dividend and a yield of 0.24%. Pathward Financial's payout ratio is 2.70%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price objective 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 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.