GAMMA Investing LLC Buys 45,308 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

GAMMA Investing LLC lifted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 8,971.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,813 shares of the savings and loans company's stock after buying an additional 45,308 shares during the quarter. GAMMA Investing LLC owned about 0.19% of Pathward Financial worth $3,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of CASH. Cetera Investment Advisers boosted its position in Pathward Financial by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 6,107 shares of the savings and loans company's stock valued at $449,000 after acquiring an additional 171 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Pathward Financial by 302.2% in the 4th 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 period. Sterling Capital Management LLC boosted its position in shares of 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 purchasing an additional 516 shares in the last quarter. Aquatic Capital Management LLC grew its stake in Pathward Financial by 11.1% in the fourth quarter. Aquatic Capital Management LLC now owns 5,333 shares of the savings and loans company's stock worth $392,000 after purchasing an additional 533 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Pathward Financial by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,302 shares of the savings and loans company's stock worth $1,052,000 after purchasing an additional 543 shares during the period. Hedge funds and other institutional investors own 92.66% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Pathward Financial

In related news, Director Kendall E. Stork sold 4,000 shares of the company's 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 completion of the sale, the director now owns 6,153 shares in the company, valued at approximately $488,117.49. This represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brett L. Pharr sold 10,365 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $78.07, for a total transaction of $809,195.55. Following the sale, the chief executive officer now directly owns 69,750 shares of the company's stock, valued at $5,445,382.50. The trade was a 12.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,882 shares of company stock worth $1,403,123 over the last three months. 1.23% of the stock is currently owned by company insiders.

Pathward Financial Stock Down 1.4%

Shares of NASDAQ CASH traded down $1.04 on Thursday, reaching $75.93. 109,702 shares of the company's stock traded hands, compared to its average volume of 196,679. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 11.07 and a beta of 0.63. 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 business's 50 day simple moving average is $76.63 and its two-hundred day simple moving average is $76.95. Pathward Financial, Inc. has a 12 month low of $51.98 and a 12 month 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 earnings per share 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 firm had revenue of $262.90 million during the quarter, compared to analysts' expectations of $256.30 million. During the same quarter in the previous year, the business earned $2.56 earnings per share. As a group, equities research analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, June 13th. Pathward Financial's payout ratio is presently 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.