Susquehanna Fundamental Investments LLC Makes New Investment in Pathward Financial, Inc. (NASDAQ:CASH)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,400 shares of the savings and loans company's stock, valued at approximately $1,795,000. Susquehanna Fundamental Investments LLC owned 0.10% of Pathward Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CASH. Meritage Portfolio Management purchased a new stake in shares of Pathward Financial during the 4th quarter worth about $435,000. Assenagon Asset Management S.A. purchased a new stake in Pathward Financial during the fourth quarter worth approximately $10,865,000. RMR Wealth Builders increased its position 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 worth $2,973,000 after acquiring an additional 18,947 shares in the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Pathward Financial in the 4th quarter valued at $3,734,999,000. Finally, Natixis Advisors LLC acquired a new position in shares of Pathward Financial during the 4th quarter valued at $1,739,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Pathward Financial Stock Up 2.4 %

NASDAQ:CASH traded up $1.94 during trading hours on Friday, hitting $81.84. The stock had a trading volume of 185,598 shares, compared to its average volume of 196,103. The company has a market cap of $1.95 billion, a PE ratio of 11.93 and a beta of 0.64. The business has a 50 day simple moving average of $73.30 and a two-hundred day simple moving average of $76.29. Pathward Financial, Inc. has a 1-year low of $51.97 and a 1-year 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 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. The business had revenue of $262.90 million during the quarter, compared to analyst estimates of $256.30 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. During the same period last year, the business earned $2.56 EPS. Analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The company also recently announced 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 is presently 2.70%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Kendall E. Stork sold 4,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 6,153 shares of the company's stock, valued at approximately $488,117.49. This represents a 39.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas J. Hajek sold 1,850 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $79.26, for a total value of $146,631.00. Following the transaction, the director now directly owns 19,631 shares of the company's stock, valued at $1,555,953.06. This represents a 8.61 % decrease in their position. The disclosure for this sale can be found here. Insiders 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 owned by company insiders.

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.