Voloridge Investment Management LLC Sells 8,399 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Voloridge Investment Management LLC decreased its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,084 shares of the savings and loans company's stock after selling 8,399 shares during the quarter. Voloridge Investment Management LLC owned about 0.57% of Pathward Financial worth $10,160,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers boosted its stake in 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 acquiring an additional 171 shares during the last quarter. Smartleaf Asset Management LLC boosted its position 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 worth $41,000 after purchasing an additional 414 shares during the last quarter. KBC Group NV grew its stake in shares of Pathward Financial by 45.8% during the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock worth $104,000 after purchasing an additional 445 shares during the period. Sterling Capital Management LLC lifted its stake in 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 valued at $43,000 after buying an additional 516 shares during the period. Finally, Aquatic Capital Management LLC boosted its holdings in Pathward Financial by 11.1% during the fourth quarter. Aquatic Capital Management LLC now owns 5,333 shares of the savings and loans company's stock worth $392,000 after buying an additional 533 shares during the last quarter. Institutional investors and hedge funds own 92.66% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Douglas J. Hajek sold 1,850 shares of the company's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $79.26, for a total transaction of $146,631.00. Following the completion of the transaction, the director now directly owns 19,631 shares of the company's stock, valued at $1,555,953.06. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brett L. Pharr sold 10,365 shares of Pathward Financial stock in a transaction that occurred 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 in the company, valued at approximately $5,445,382.50. This represents 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 ninety days. 1.23% of the stock is currently owned by corporate insiders.

Pathward Financial Trading Up 1.3%

NASDAQ:CASH traded up $1.01 during trading hours on Tuesday, hitting $78.29. The stock had a trading volume of 128,870 shares, compared to its average volume of 196,781. The business's 50 day moving average is $75.67 and its 200-day moving average is $77.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 11.41 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.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $2.56 EPS. Sell-side analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid 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%.

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.