Insider Selling: Pathward Financial, Inc. (NASDAQ:CASH) Director Sells 1,850 Shares of Stock

Pathward Financial, Inc. (NASDAQ:CASH - Get Free Report) Director Douglas J. Hajek sold 1,850 shares of the company's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $79.26, for a total value of $146,631.00. Following the completion of the transaction, the director now directly owns 19,631 shares of the company's stock, valued at approximately $1,555,953.06. This trade represents a 8.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Pathward Financial Price Performance

NASDAQ CASH traded up $1.94 on Friday, reaching $81.84. The company had a trading volume of 185,598 shares, compared to its average volume of 196,103. The stock has a market capitalization of $1.95 billion, a PE ratio of 11.93 and a beta of 0.64. Pathward Financial, Inc. has a 12 month low of $51.97 and a 12 month 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. The firm's 50 day moving average price is $73.30 and its 200 day moving average price is $76.29.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.40. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The firm had revenue of $262.90 million for the quarter, compared to analysts' expectations of $256.30 million. During the same period in the previous year, the firm posted $2.56 earnings per share. As a group, equities analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Pathward Financial's dividend payout ratio is currently 2.70%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Meritage Portfolio Management bought a new position in Pathward Financial during the fourth quarter valued at $435,000. Assenagon Asset Management S.A. bought a new position in shares of Pathward Financial in the 4th quarter valued at about $10,865,000. RMR Wealth Builders grew its position in Pathward Financial by 88.3% in the fourth quarter. RMR Wealth Builders now owns 40,406 shares of the savings and loans company's stock worth $2,973,000 after acquiring an additional 18,947 shares in the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in Pathward Financial during the fourth quarter worth approximately $3,734,999,000. Finally, Natixis Advisors LLC purchased a new stake in Pathward Financial during the fourth quarter valued at approximately $1,739,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Pathward Financial Company Profile

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.