Renaissance Technologies LLC Buys Shares of 5,600 Pathward Financial, Inc. (NASDAQ:CASH)

Renaissance Technologies LLC purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,600 shares of the savings and loans company's stock, valued at approximately $412,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CASH. Barclays PLC raised its stake in shares of Pathward Financial by 83.1% in 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 during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Pathward Financial during the third quarter worth $264,000. Tidal Investments LLC purchased a new position in shares of Pathward Financial during the third quarter worth $725,000. Diversified Trust Co grew 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. Finally, RMR Wealth Builders raised its holdings 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 valued at $2,973,000 after buying an additional 18,947 shares during the period. 92.66% of the stock is owned by institutional investors and hedge funds.

Pathward Financial Stock Up 2.4 %

Pathward Financial stock opened at $81.84 on Monday. The firm has a market capitalization of $1.95 billion, a P/E ratio of 11.93 and a beta of 0.64. The stock's fifty day simple moving average is $73.30 and its 200-day simple moving average is $76.30. Pathward Financial, Inc. has a twelve month low of $51.97 and a twelve month high of $86.00. 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 (NASDAQ:CASH - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $256.30 million. During the same quarter last year, the business posted $2.56 EPS. As a group, equities analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial's dividend payout ratio (DPR) is 2.70%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Pathward Financial

In other Pathward Financial news, Director Douglas J. Hajek sold 1,850 shares of the firm'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 of the company's stock, valued at approximately $1,555,953.06. This trade represents a 8.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brett L. Pharr sold 10,365 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $78.07, for a total value of $809,195.55. Following the transaction, the chief executive officer now owns 69,750 shares in the company, valued at $5,445,382.50. This represents a 12.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,882 shares of company stock valued at $1,403,123. 1.23% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding CASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pathward Financial, Inc. (NASDAQ:CASH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.