Two Sigma Advisers LP Buys 5,600 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Two Sigma Advisers LP raised its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,400 shares of the savings and loans company's stock after acquiring an additional 5,600 shares during the quarter. Two Sigma Advisers LP owned about 0.54% of Pathward Financial worth $9,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CASH. Barclays PLC raised its holdings in Pathward Financial by 83.1% during the 3rd quarter. Barclays PLC now owns 56,327 shares of the savings and loans company's stock valued at $3,718,000 after acquiring an additional 25,570 shares during the period. Inspire Investing LLC purchased a new position in shares of Pathward Financial during the 4th quarter valued at $816,000. KBC Group NV grew its position in shares of 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 valued at $104,000 after purchasing an additional 445 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Pathward Financial during the 4th quarter valued at $267,437,000. Finally, Moody Aldrich Partners LLC grew its position in shares of Pathward Financial by 11.5% during the 4th quarter. Moody Aldrich Partners LLC now owns 138,409 shares of the savings and loans company's stock valued at $10,184,000 after purchasing an additional 14,292 shares in the last quarter. Institutional investors own 92.66% of the company's stock.

Pathward Financial Price Performance

NASDAQ:CASH traded down $1.13 during midday trading on Wednesday, hitting $77.17. The company had a trading volume of 31,720 shares, compared to its average volume of 196,140. Pathward Financial, Inc. has a 52-week low of $51.97 and a 52-week high of $86.00. The stock's fifty day moving average price is $75.77 and its 200-day moving average price is $77.18. The company has a market capitalization of $1.84 billion, a PE ratio of 11.26 and a beta of 0.64. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.40. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The company had revenue of $262.90 million during the quarter, compared to analyst estimates of $256.30 million. During the same period in the previous year, the business earned $2.56 earnings per share. As a group, research analysts expect 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 will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.20 annualized dividend and a yield of 0.26%. Pathward Financial's dividend payout ratio (DPR) is presently 2.70%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Pathward Financial news, CEO Brett L. Pharr sold 10,365 shares of the business's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $78.07, for a total value of $809,195.55. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jennifer W. Warren sold 1,667 shares of the business's stock in a transaction on Friday, April 25th. The stock was 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 now directly owns 5,019 shares of the company's stock, valued at $391,331.43. This represents a 24.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,882 shares of company stock worth $1,403,123. Corporate insiders own 1.23% of the company's stock.

About Pathward Financial

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.