Wealth Enhancement Advisory Services LLC Acquires 6,305 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 235,005 shares of the savings and loans company's stock after acquiring an additional 6,305 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.99% of Pathward Financial worth $17,144,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. bought a new position in Pathward Financial in the 4th quarter valued at $3,734,999,000. Revolve Wealth Partners LLC acquired a new position in shares of Pathward Financial during the fourth quarter valued at $267,437,000. FMR LLC boosted its holdings in Pathward Financial by 7.4% in the fourth quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company's stock valued at $162,141,000 after acquiring an additional 151,316 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Pathward Financial by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 711,538 shares of the savings and loans company's stock valued at $52,365,000 after acquiring an additional 11,654 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Pathward Financial by 10.8% in the fourth quarter. American Century Companies Inc. now owns 643,150 shares of the savings and loans company's stock worth $47,323,000 after purchasing an additional 62,931 shares during the period. Institutional investors own 92.66% of the company's stock.

Pathward Financial Trading Up 2.5%

Shares of Pathward Financial stock traded up $1.96 on Thursday, hitting $78.96. 176,279 shares of the company's stock traded hands, compared to its average volume of 195,749. The firm's 50-day moving average price is $77.79 and its two-hundred day moving average price is $76.31. 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 stock has a market capitalization of $1.88 billion, a PE ratio of 10.66 and a beta of 0.63. Pathward Financial, Inc. has a one year low of $55.86 and a one year high of $86.00.

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, topping analysts' consensus estimates of $2.71 by $0.40. The business had revenue of $262.90 million during the quarter, compared to analysts' expectations of $256.30 million. Pathward Financial had a return on equity of 22.50% and a net margin of 22.69%. During the same period in the previous year, the firm earned $2.56 earnings per share. On average, research analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Pathward Financial's payout ratio is currently 2.70%.

Insider Activity

In other Pathward Financial news, Director Kendall E. Stork sold 4,000 shares of the stock in a transaction 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 sale, the director now directly owns 6,153 shares in the company, valued at approximately $488,117.49. This trade represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brett L. Pharr sold 10,365 shares of Pathward Financial stock in a transaction on Friday, April 25th. The stock was sold at an average price of $78.07, for a total transaction of $809,195.55. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,882 shares of company stock valued at $1,403,123 in the last ninety days. 1.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their target price 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 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.