Jump Financial LLC Trims Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Jump Financial LLC lowered its holdings in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 59.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,771 shares of the savings and loans company's stock after selling 11,581 shares during the period. Jump Financial LLC's holdings in Pathward Financial were worth $572,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake in shares of Pathward Financial by 302.2% during the 4th 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 during the last quarter. Sterling Capital Management LLC increased its position in Pathward Financial by 726.8% during the fourth 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 boosted its holdings in shares of 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 purchasing an additional 445 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Pathward Financial during the 4th quarter valued at $201,000. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Pathward Financial during the 4th quarter worth $210,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pathward Financial

In other news, Director Douglas J. Hajek sold 1,850 shares of Pathward Financial stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $79.26, for a total transaction of $146,631.00. Following the sale, the director now owns 19,631 shares in the company, valued at $1,555,953.06. This trade represents a 8.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.23% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price target 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 Trading Down 0.2 %

CASH stock traded down $0.12 during midday trading on Tuesday, reaching $79.47. 70,331 shares of the company's stock traded hands, compared to its average volume of 194,774. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. Pathward Financial, Inc. has a fifty-two week low of $50.00 and a fifty-two week high of $86.00. The business has a 50-day moving average price of $73.10 and a two-hundred day moving average price of $76.13. The company has a market capitalization of $1.90 billion, a P/E ratio of 11.58 and a beta of 0.44.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share 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 business had revenue of $262.90 million for the quarter, compared to analyst estimates of $256.30 million. During the same quarter in the previous year, the business posted $2.56 EPS. Equities research analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Pathward Financial's payout ratio is currently 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.