Mercer Global Advisors Inc. ADV Has $1.53 Million Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Mercer Global Advisors Inc. ADV boosted its position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 37.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 0.09% of Pathward Financial worth $1,528,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Pathward Financial by 302.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock valued at $41,000 after purchasing an additional 414 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Pathward Financial by 726.8% during the 4th quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company's stock worth $43,000 after buying an additional 516 shares during the period. KBC Group NV raised its holdings in Pathward Financial by 45.8% during the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock worth $104,000 after buying an additional 445 shares during the period. Bank of Montreal Can purchased a new stake in Pathward Financial during the fourth quarter valued at about $201,000. Finally, Pictet Asset Management Holding SA acquired a new position in shares of Pathward Financial in the fourth quarter worth about $210,000. Institutional investors own 92.66% of the company's stock.

Insider Activity

In related news, Director Kendall E. Stork sold 4,000 shares of Pathward Financial stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $79.33, for a total value of $317,320.00. Following the transaction, the director now owns 6,153 shares in the company, valued at $488,117.49. This trade represents a 39.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $809,195.55. Following the sale, the chief executive officer now owns 69,750 shares of the company's stock, valued at approximately $5,445,382.50. The trade was a 12.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,882 shares of company stock valued at $1,403,123 over the last 90 days. 1.23% of the stock is currently owned by company insiders.

Pathward Financial Stock Down 0.4%

Shares of NASDAQ CASH traded down $0.35 during mid-day trading on Wednesday, reaching $81.65. The company had a trading volume of 39,902 shares, compared to its average volume of 196,078. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. Pathward Financial, Inc. has a twelve month low of $51.97 and a twelve month high of $86.00. The stock's 50 day moving average is $74.25 and its 200-day moving average is $76.77. The stock has a market capitalization of $1.95 billion, a PE ratio of 11.90 and a beta of 0.64.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $262.90 million during the quarter, compared to analyst estimates of $256.30 million. During the same period in the previous year, the company earned $2.56 EPS. As a group, equities analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

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

Analyst Ratings Changes

Separately, Piper Sandler increased their target price on Pathward Financial from $91.00 to $94.00 and gave the company an "overweight" rating in a report 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.