Mercer Global Advisors Inc. ADV Boosts Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Mercer Global Advisors Inc. ADV increased its position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 37.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,764 shares of the savings and loans company's stock after buying an additional 5,681 shares during the quarter. Mercer Global Advisors Inc. ADV owned about 0.09% of Pathward Financial worth $1,528,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CASH. Barclays PLC raised its position in shares of Pathward Financial by 83.1% during the third quarter. Barclays PLC now owns 56,327 shares of the savings and loans company's stock worth $3,718,000 after purchasing an additional 25,570 shares during the period. Tidal Investments LLC acquired a new position in Pathward Financial during the third quarter worth $725,000. Diversified Trust Co lifted its stake in shares of Pathward Financial by 9.7% in the fourth 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. RMR Wealth Builders lifted its stake in shares of 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 valued at $2,973,000 after buying an additional 18,947 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Pathward Financial during the fourth quarter worth about $10,865,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Pathward Financial news, Director Kendall E. Stork sold 4,000 shares of Pathward Financial stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $79.33, for a total value of $317,320.00. Following the sale, the director now owns 6,153 shares of the company's stock, valued at approximately $488,117.49. The trade was a 39.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brett L. Pharr sold 10,365 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $78.07, for a total transaction of $809,195.55. Following the transaction, the chief executive officer now directly owns 69,750 shares of the company's stock, valued at $5,445,382.50. This represents a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,882 shares of company stock worth $1,403,123. 1.23% of the stock is owned by company insiders.

Pathward Financial Stock Down 0.6 %

NASDAQ:CASH traded down $0.47 during trading hours on Friday, hitting $82.25. 103,941 shares of the company traded hands, compared to its average volume of 196,473. 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 company has a market cap of $1.96 billion, a PE ratio of 11.99 and a beta of 0.64. The firm's 50-day simple moving average is $73.87 and its 200-day simple moving average is $76.58. Pathward Financial, Inc. has a one year low of $51.97 and a one year high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.40. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The company had revenue of $262.90 million for the quarter, compared to analyst estimates of $256.30 million. During the same period last year, the firm earned $2.56 earnings per share. Equities analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.24%. Pathward Financial's dividend payout ratio (DPR) is currently 2.70%.

Analyst Ratings Changes

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

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.