Douglas J. Hajek Sells 1,850 Shares of Pathward Financial, Inc. (NASDAQ:CASH) Stock

Pathward Financial, Inc. (NASDAQ:CASH - Get Free Report) Director Douglas J. Hajek sold 1,850 shares of Pathward Financial stock in a transaction on Friday, April 25th. The stock was sold at an average price of $79.26, for a total transaction of $146,631.00. Following the sale, the director now directly owns 19,631 shares in the company, valued at $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 can be accessed through this link.

Pathward Financial Stock Up 2.6 %

Pathward Financial stock traded up $2.06 during midday trading on Friday, hitting $81.96. The stock had a trading volume of 40,811 shares, compared to its average volume of 195,580. The stock has a market cap of $1.95 billion, a P/E ratio of 11.94 and a beta of 0.64. The business has a fifty day moving average price of $73.21 and a 200 day moving average price of $76.22. 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 12 month low of $50.94 and a 12 month high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released 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 firm had revenue of $262.90 million during the quarter, compared to analyst estimates of $256.30 million. During the same quarter in the previous year, the firm earned $2.56 earnings per share. Research analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were given 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 0.24%. Pathward Financial's dividend payout ratio is currently 2.70%.

Institutional Investors Weigh In On Pathward Financial

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in shares of Pathward Financial by 83.1% in the third quarter. Barclays PLC now owns 56,327 shares of the savings and loans company's stock valued at $3,718,000 after purchasing an additional 25,570 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Pathward Financial in the third quarter worth $264,000. Tidal Investments LLC bought a new stake in shares of Pathward Financial during the third quarter valued at about $725,000. Diversified Trust Co grew its position in Pathward Financial by 9.7% in the 4th quarter. Diversified Trust Co now owns 8,931 shares of the savings and loans company's stock valued at $657,000 after buying an additional 787 shares in the last quarter. Finally, RMR Wealth Builders raised its position in shares of Pathward Financial by 88.3% during the 4th quarter. RMR Wealth Builders now owns 40,406 shares of the savings and loans company's stock worth $2,973,000 after buying an additional 18,947 shares in the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.