Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its holdings in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,700 shares of the savings and loans company's stock after selling 61,309 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.96% of Pathward Financial worth $16,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in shares of Pathward Financial by 302.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock valued at $41,000 after purchasing an additional 414 shares during the period. Sterling Capital Management LLC raised 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 worth $43,000 after purchasing an additional 516 shares during the last quarter. KBC Group NV lifted its stake in Pathward Financial by 45.8% in the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock valued at $104,000 after buying an additional 445 shares in the last quarter. Bank of Montreal Can acquired a new stake in Pathward Financial in the 4th quarter worth about $201,000. Finally, AXA S.A. purchased a new stake in Pathward Financial during the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 92.66% of the company's stock.

Insider Activity at Pathward Financial

In other Pathward Financial news, CAO Jennifer W. Warren sold 1,667 shares of the business'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 sale, the chief accounting officer now directly owns 5,019 shares in the company, valued at approximately $391,331.43. The trade was a 24.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kendall E. Stork sold 4,000 shares of Pathward Financial stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $79.33, for a total transaction of $317,320.00. Following the sale, the director now owns 6,153 shares of the company's stock, valued at approximately $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 have sold 17,882 shares of company stock valued at $1,403,123 over the last quarter. 1.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their target price 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 Price Performance

Shares of Pathward Financial stock traded down $1.67 during trading hours on Wednesday, reaching $76.37. 145,732 shares of the company's stock were exchanged, compared to its average volume of 197,453. The company has a market capitalization of $1.82 billion, a P/E ratio of 11.13 and a beta of 0.64. The business has a fifty day moving average of $76.12 and a two-hundred day moving average of $77.07. Pathward Financial, Inc. has a 1 year low of $51.98 and a 1 year high of $86.00. 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 quarterly earnings results 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 for the quarter, compared to analyst estimates 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 prior year, the company posted $2.56 EPS. As a group, research analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, June 13th. Pathward Financial's dividend payout ratio is presently 2.70%.

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.