UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,931 shares of the savings and loans company's stock after selling 5,918 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.32% of Pathward Financial worth $23,467,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meritage Portfolio Management acquired a new stake in shares of Pathward Financial in the fourth quarter valued at approximately $435,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Pathward Financial in the fourth quarter valued at approximately $3,734,999,000. Natixis Advisors LLC acquired a new stake in shares of Pathward Financial in the fourth quarter valued at approximately $1,739,000. Barclays PLC raised its position in shares of Pathward Financial by 83.1% in the third quarter. Barclays PLC now owns 56,327 shares of the savings and loans company's stock valued at $3,718,000 after buying an additional 25,570 shares in the last quarter. Finally, Moody Aldrich Partners LLC raised its position in shares of Pathward Financial by 11.5% in the fourth quarter. Moody Aldrich Partners LLC now owns 138,409 shares of the savings and loans company's stock valued at $10,184,000 after buying an additional 14,292 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price objective 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.

Pathward Financial Price Performance

CASH traded up $0.10 during trading on Friday, hitting $78.11. 217,790 shares of the stock traded hands, compared to its average volume of 197,578. Pathward Financial, Inc. has a twelve month low of $51.98 and a twelve month high of $86.00. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 11.39 and a beta of 0.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The business has a 50 day moving average price of $75.94 and a 200 day moving average price of $77.08.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $3.11 EPS for the quarter, beating the consensus estimate of $2.71 by $0.40. The business had revenue of $262.90 million during the quarter, compared to the consensus estimate of $256.30 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. During the same period in the previous year, the business earned $2.56 earnings per share. Equities research analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share 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. The ex-dividend date is Friday, June 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. Pathward Financial's dividend payout ratio (DPR) is presently 2.70%.

Insider Transactions at Pathward Financial

In other news, CAO Jennifer W. Warren sold 1,667 shares of the company's stock in a transaction on 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 now directly owns 5,019 shares in the company, valued at approximately $391,331.43. This represents a 24.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brett L. Pharr sold 10,365 shares of the 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 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 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.