Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 42.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,058 shares of the savings and loans company's stock after selling 37,000 shares during the period. National Bank of Canada FI owned approximately 0.19% of Pathward Financial worth $2,630,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in Pathward Financial by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,798 shares of the savings and loans company's stock valued at $14,002,000 after buying an additional 3,733 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Pathward Financial during the 3rd quarter valued at $968,000. Stifel Financial Corp raised its stake in Pathward Financial by 981.5% during the 3rd quarter. Stifel Financial Corp now owns 98,040 shares of the savings and loans company's stock valued at $4,519,000 after purchasing an additional 88,975 shares during the last quarter. Vinva Investment Management Ltd boosted its holdings in Pathward Financial by 1.4% in the 3rd quarter. Vinva Investment Management Ltd now owns 70,819 shares of the savings and loans company's stock valued at $3,264,000 after purchasing an additional 953 shares during the period. Finally, Moody Aldrich Partners LLC acquired a new stake in Pathward Financial in the 3rd quarter worth $4,157,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kendall E. Stork sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $53.53, for a total transaction of $107,060.00. Following the sale, the director now directly owns 11,213 shares in the company, valued at approximately $600,231.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, President Anthony M. Sharett sold 1,000 shares of Pathward Financial stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.50, for a total value of $47,500.00. Following the completion of the sale, the president now directly owns 33,146 shares of the company's stock, valued at approximately $1,574,435. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kendall E. Stork sold 2,000 shares of Pathward Financial stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $53.53, for a total transaction of $107,060.00. Following the sale, the director now owns 11,213 shares of the company's stock, valued at approximately $600,231.89. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Pathward Financial from $60.00 to $58.00 and set a "market perform" rating for the company in a research note on Friday, April 5th. Piper Sandler cut their target price on Pathward Financial from $69.00 to $68.00 and set an "overweight" rating for the company in a research note on Thursday, January 25th.

Pathward Financial Price Performance

NASDAQ:CASH traded down $0.05 during mid-day trading on Monday, hitting $53.92. The company's stock had a trading volume of 80,328 shares, compared to its average volume of 177,099. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $50.44 and a 200-day moving average of $50.71. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 8.10 and a beta of 0.66. Pathward Financial, Inc. has a fifty-two week low of $41.79 and a fifty-two week high of $60.49.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The savings and loans company reported $2.56 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.19. The firm had revenue of $247.25 million for the quarter, compared to analysts' expectations of $240.46 million. Pathward Financial had a return on equity of 25.09% and a net margin of 22.90%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.18 earnings per share. As a group, equities analysts forecast that Pathward Financial, Inc. will post 6.43 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Tuesday, June 11th. Pathward Financial's payout ratio is 3.00%.

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.