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

Susquehanna Fundamental Investments LLC purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,400 shares of the savings and loans company's stock, valued at approximately $1,795,000. Susquehanna Fundamental Investments LLC owned approximately 0.10% of Pathward Financial as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in Pathward Financial by 302.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock valued at $41,000 after acquiring an additional 414 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of 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 valued at $43,000 after purchasing an additional 516 shares during the last quarter. KBC Group NV lifted its position in 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 buying an additional 445 shares during the last quarter. Bank of Montreal Can bought a new position in Pathward Financial during the fourth quarter valued at approximately $201,000. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Pathward Financial during the fourth quarter worth approximately $210,000. Institutional investors own 92.66% of the company's stock.

Analyst Ratings Changes

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

Pathward Financial Trading Up 0.0 %

Shares of Pathward Financial stock traded up $0.02 during midday trading on Tuesday, reaching $81.84. 28,448 shares of the company's stock traded hands, compared to its average volume of 195,377. The stock has a 50 day moving average of $73.39 and a 200-day moving average of $76.35. The company has a market cap of $1.95 billion, a PE ratio of 11.93 and a beta of 0.64. 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 12 month low of $51.97 and a 12 month high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.40. The firm had revenue of $262.90 million for the quarter, compared to the consensus estimate of $256.30 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. During the same quarter in the prior year, the business earned $2.56 EPS. As a group, equities analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Pathward Financial's dividend payout ratio is currently 2.70%.

Insider Buying and Selling

In related news, CAO Jennifer W. Warren sold 1,667 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $77.97, for a total value of $129,975.99. Following the completion of the transaction, the chief accounting officer now directly owns 5,019 shares in the company, valued at $391,331.43. The trade was a 24.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kendall E. Stork sold 4,000 shares of Pathward Financial stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $79.33, for a total transaction of $317,320.00. Following the completion of the sale, the director now owns 6,153 shares of the company's stock, valued at $488,117.49. This represents a 39.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,882 shares of company stock worth $1,403,123 in the last 90 days. Insiders own 1.23% of the company's stock.

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.