Squarepoint Ops LLC Acquires 20,403 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Squarepoint Ops LLC raised its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 317.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,833 shares of the savings and loans company's stock after acquiring an additional 20,403 shares during the quarter. Squarepoint Ops LLC owned approximately 0.11% of Pathward Financial worth $1,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CASH. Cetera Investment Advisers increased its holdings in shares of Pathward Financial by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 6,107 shares of the savings and loans company's stock valued at $449,000 after purchasing an additional 171 shares during the last quarter. Smartleaf Asset Management LLC increased 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. KBC Group NV increased its stake in Pathward Financial by 45.8% during the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock worth $104,000 after acquiring an additional 445 shares during the period. Sterling Capital Management LLC increased its position in shares of Pathward Financial by 726.8% in 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 period. Finally, Aquatic Capital Management LLC increased its holdings in Pathward Financial by 11.1% in the 4th quarter. Aquatic Capital Management LLC now owns 5,333 shares of the savings and loans company's stock valued at $392,000 after buying an additional 533 shares during the period. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, CEO Brett L. Pharr sold 10,365 shares of Pathward Financial stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $78.07, for a total transaction of $809,195.55. Following the completion of the transaction, the chief executive officer now owns 69,750 shares in the company, valued at approximately $5,445,382.50. The trade was a 12.94% 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, CAO Jennifer W. Warren sold 1,667 shares of Pathward Financial stock in a transaction that occurred 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 approximately $391,331.43. The trade was a 24.93% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,882 shares of company stock valued at $1,403,123. 1.23% of the stock is currently owned by company insiders.

Pathward Financial Trading Up 0.1%

Shares of Pathward Financial stock traded up $0.10 on Friday, hitting $78.11. The stock had a trading volume of 217,790 shares, compared to its average volume of 197,622. The stock has a 50 day moving average of $75.89 and a 200 day moving average of $77.15. The firm has a market capitalization of $1.86 billion, a P/E ratio of 11.39 and a beta of 0.64. Pathward Financial, Inc. has a twelve month low of $51.98 and a twelve month high of $86.00. 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 (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 analysts' consensus estimates of $2.71 by $0.40. The company had revenue of $262.90 million during the quarter, compared to the consensus estimate of $256.30 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. During the same period last year, the company earned $2.56 earnings per share. Sell-side analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, June 13th. Pathward Financial's dividend payout ratio is 2.70%.

Analyst Upgrades and Downgrades

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

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.