Moody Aldrich Partners LLC Has $6.74 Million Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

Moody Aldrich Partners LLC raised its holdings in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 41.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,316 shares of the savings and loans company's stock after purchasing an additional 37,116 shares during the quarter. Pathward Financial comprises approximately 1.2% of Moody Aldrich Partners LLC's portfolio, making the stock its 25th largest holding. Moody Aldrich Partners LLC owned about 0.49% of Pathward Financial worth $6,739,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Advisor Group Holdings Inc. boosted its holdings in Pathward Financial by 27.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,116 shares of the savings and loans company's stock worth $116,000 after buying an additional 453 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Pathward Financial by 9.4% in the first quarter. Raymond James & Associates now owns 43,841 shares of the savings and loans company's stock valued at $2,408,000 after purchasing an additional 3,757 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Pathward Financial by 13.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 24,389 shares of the savings and loans company's stock valued at $1,340,000 after purchasing an additional 2,808 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Pathward Financial by 2.9% in the first quarter. Bank of Montreal Can now owns 9,369 shares of the savings and loans company's stock valued at $526,000 after purchasing an additional 264 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Pathward Financial by 55.0% in the first quarter. MetLife Investment Management LLC now owns 16,505 shares of the savings and loans company's stock valued at $906,000 after purchasing an additional 5,857 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Anthony M. Sharett sold 1,000 shares of the company's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.50, for a total transaction of $47,500.00. Following the completion of the transaction, the president now owns 33,146 shares of the company's stock, valued at $1,574,435. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

Pathward Financial Trading Down 0.4 %

Shares of CASH traded down $0.22 on Tuesday, hitting $49.80. 87,152 shares of the stock traded hands, compared to its average volume of 187,146. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.27 billion, a P/E ratio of 8.18 and a beta of 0.71. The stock's 50 day moving average is $50.35 and its two-hundred day moving average is $49.83. Pathward Financial, Inc. has a 1 year low of $39.90 and a 1 year high of $60.49.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The savings and loans company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.17). The firm had revenue of $162.80 million for the quarter, compared to analysts' expectations of $166.45 million. Pathward Financial had a net margin of 22.22% and a return on equity of 24.97%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. As a group, sell-side analysts predict that Pathward Financial, Inc. will post 6.32 earnings per share for the current year.

Pathward Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Monday, March 11th. Pathward Financial's dividend payout ratio (DPR) is 3.28%.

Analyst Ratings Changes

Several brokerages have issued reports on CASH. Piper Sandler reduced their price target on shares of Pathward Financial from $69.00 to $68.00 and set an "overweight" rating on the stock in a report on Thursday, January 25th. Keefe, Bruyette & Woods reduced their price target on shares of Pathward Financial from $60.00 to $58.00 and set a "market perform" rating on the stock in a report on Friday.

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.