Two Sigma Investments LP Trims Position in Pathward Financial, Inc. (NASDAQ:CASH)

Two Sigma Investments LP lessened its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,519 shares of the savings and loans company's stock after selling 4,238 shares during the quarter. Two Sigma Investments LP owned about 0.62% of Pathward Financial worth $11,075,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of 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 valued at $41,000 after acquiring an additional 414 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Pathward Financial by 726.8% during the 4th quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company's stock valued at $43,000 after acquiring an additional 516 shares during the last quarter. KBC Group NV boosted 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 acquiring an additional 445 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Pathward Financial during the 4th quarter valued at about $201,000. Finally, AXA S.A. bought a new stake in shares of Pathward Financial during the 4th quarter valued at about $203,000. Institutional investors own 92.66% of the company's stock.

Pathward Financial Price Performance

NASDAQ:CASH traded up $0.34 during mid-day trading on Thursday, reaching $77.59. The stock had a trading volume of 34,263 shares, compared to its average volume of 196,283. The firm has a 50 day moving average price of $75.83 and a two-hundred day moving average price of $77.18. The stock has a market capitalization of $1.85 billion, a P/E ratio of 11.30 and a beta of 0.64. Pathward Financial, Inc. has a one year low of $51.97 and a one year 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 released its earnings results 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. 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 quarter in the previous year, the company posted $2.56 EPS. As a group, analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

The company 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 is Friday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Pathward Financial's payout ratio is 2.70%.

Insider Buying and Selling

In other news, Director Douglas J. Hajek sold 1,850 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $79.26, for a total transaction of $146,631.00. Following the transaction, the director now directly owns 19,631 shares of the company's stock, valued at approximately $1,555,953.06. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kendall E. Stork sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $79.33, for a total value of $317,320.00. Following the transaction, the director now directly owns 6,153 shares in the company, valued at $488,117.49. This trade represents a 39.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,882 shares of company stock worth $1,403,123 in the last quarter. 1.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price target 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 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.