Shares of Pathward Financial, Inc. (NASDAQ:CASH - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $86.00 and last traded at $83.87, with a volume of 30045 shares traded. The stock had previously closed at $82.25.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler lifted their target price on Pathward Financial from $91.00 to $94.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd.
Check Out Our Latest Stock Report on CASH
Pathward Financial Trading Up 1.0%
The company has a market capitalization of $1.98 billion, a P/E ratio of 12.11 and a beta of 0.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The firm has a fifty day moving average price of $73.87 and a 200-day moving average price of $76.63.
Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 EPS for the quarter, topping analysts' consensus estimates of $2.71 by $0.40. The firm had revenue of $262.90 million during the quarter, compared to analyst estimates of $256.30 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. During the same period last year, the company earned $2.56 earnings per share. On average, equities research analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.
Pathward Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were issued a $0.05 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. Pathward Financial's dividend payout ratio is currently 2.70%.
Insider Transactions at Pathward Financial
In related news, Director Douglas J. Hajek sold 1,850 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $79.26, for a total transaction of $146,631.00. Following the transaction, the director now owns 19,631 shares in the company, valued at $1,555,953.06. The trade was a 8.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer W. Warren sold 1,667 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $77.97, for a total value of $129,975.99. Following the transaction, the chief accounting officer now owns 5,019 shares in the company, valued at approximately $391,331.43. This represents a 24.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,882 shares of company stock worth $1,403,123. Company insiders own 1.23% of the company's stock.
Institutional Trading of Pathward Financial
Several large investors have recently bought and sold shares of CASH. Barclays PLC boosted its position in Pathward Financial by 83.1% during the 3rd quarter. Barclays PLC now owns 56,327 shares of the savings and loans company's stock valued at $3,718,000 after acquiring an additional 25,570 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Pathward Financial in the 4th quarter worth approximately $10,865,000. RMR Wealth Builders boosted its position in shares of Pathward Financial by 88.3% in 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 in the last quarter. Inspire Investing LLC bought a new stake in shares of Pathward Financial in the 4th quarter worth approximately $816,000. Finally, KBC Group NV boosted its position in shares of Pathward Financial by 45.8% in the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock worth $104,000 after purchasing an additional 445 shares in the last quarter. 92.66% of the stock is owned by institutional investors.
Pathward Financial Company Profile
(
Get 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.
Further Reading
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