Tower Research Capital LLC TRC lessened its position in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 73.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,442 shares of the savings and loans company's stock after selling 3,946 shares during the quarter. Tower Research Capital LLC TRC's holdings in Pathward Financial were worth $106,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Meritage Portfolio Management bought a new position in Pathward Financial in the 4th quarter worth $435,000. Assenagon Asset Management S.A. bought a new position in Pathward Financial in the 4th quarter worth $10,865,000. RMR Wealth Builders increased its holdings 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 purchasing an additional 18,947 shares during the period. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Pathward Financial during the 4th quarter worth about $3,734,999,000. Finally, Natixis Advisors LLC bought a new position in shares of Pathward Financial during the 4th quarter worth about $1,739,000. Institutional investors own 92.66% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Piper Sandler boosted their price objective on shares of Pathward Financial from $91.00 to $94.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd.
Get Our Latest Report on CASH
Insider Activity at Pathward Financial
In other Pathward Financial news, Director Kendall E. Stork sold 4,000 shares of the business's 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 transaction, the director now directly owns 6,153 shares in the company, valued at $488,117.49. The trade was a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas J. Hajek sold 1,850 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $79.26, for a total transaction of $146,631.00. Following the completion of the transaction, the director now owns 19,631 shares in the company, valued at approximately $1,555,953.06. This trade represents a 8.61% decrease in their ownership of the stock. 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 quarter. 1.23% of the stock is owned by company insiders.
Pathward Financial Stock Performance
Shares of NASDAQ:CASH traded up $0.83 on Monday, hitting $83.08. 167,317 shares of the company were exchanged, compared to its average volume of 196,356. The company's 50 day moving average price is $73.87 and its two-hundred day moving average price is $76.63. Pathward Financial, Inc. has a one year low of $51.97 and a one year high of $86.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 12.11 and a beta of 0.64.
Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $256.30 million. During the same quarter in the previous year, the firm posted $2.56 EPS. Research analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.
Pathward Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were paid a $0.05 dividend. 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 payout ratio is currently 2.70%.
Pathward Financial Company Profile
(
Free Report)
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.
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