Jane Street Group LLC Sells 7,135 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Jane Street Group LLC reduced its stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,578 shares of the savings and loans company's stock after selling 7,135 shares during the period. Jane Street Group LLC owned 0.17% of Pathward Financial worth $3,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake 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 acquiring an additional 414 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of 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 acquiring an additional 516 shares in the last quarter. KBC Group NV grew its stake in shares of Pathward Financial by 45.8% in the fourth 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 in the last quarter. Bank of Montreal Can acquired a new position in shares of Pathward Financial in the fourth quarter valued at about $201,000. Finally, Pictet Asset Management Holding SA acquired a new position in shares of Pathward Financial in the fourth quarter valued at about $210,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Pathward Financial Price Performance

Pathward Financial stock traded up $0.28 during trading hours on Friday, reaching $81.43. 183,186 shares of the stock were exchanged, compared to its average volume of 197,463. The company has a market cap of $1.94 billion, a P/E ratio of 11.87 and a beta of 0.64. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a twelve month low of $51.97 and a twelve month high of $86.00. The stock has a 50 day moving average of $74.85 and a two-hundred day moving average of $76.95.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.71 by $0.40. The firm had revenue of $262.90 million for 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 prior year, the company posted $2.56 earnings per share. Equities analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Pathward Financial's payout ratio is 2.70%.

Insiders Place Their Bets

In other Pathward Financial news, CAO Jennifer W. Warren sold 1,667 shares of the stock in a transaction dated 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 $391,331.43. This represents a 24.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kendall E. Stork sold 4,000 shares of the 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 in the company, valued at $488,117.49. The trade was 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 worth $1,403,123 over the last ninety days. 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.