Tudor Investment Corp ET AL Buys 20,905 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Tudor Investment Corp ET AL grew its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 31.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,016 shares of the savings and loans company's stock after buying an additional 20,905 shares during the period. Tudor Investment Corp ET AL owned 0.36% of Pathward Financial worth $6,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CASH. Pinnacle Wealth Planning Services Inc. bought a new position in Pathward Financial in the 4th quarter worth about $3,734,999,000. Revolve Wealth Partners LLC bought a new position in shares of Pathward Financial in the fourth quarter worth approximately $267,437,000. FMR LLC raised its stake in Pathward Financial by 7.4% in the fourth quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company's stock valued at $162,141,000 after purchasing an additional 151,316 shares in the last quarter. Geode Capital Management LLC raised its stake in Pathward Financial by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 711,538 shares of the savings and loans company's stock valued at $52,365,000 after purchasing an additional 11,654 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Pathward Financial by 10.8% during the fourth quarter. American Century Companies Inc. now owns 643,150 shares of the savings and loans company's stock valued at $47,323,000 after purchasing an additional 62,931 shares during the last quarter. 92.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Pathward Financial

In related news, 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 transaction of $129,975.99. Following the transaction, the chief accounting officer now owns 5,019 shares in the company, valued at $391,331.43. The trade was a 24.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas J. Hajek sold 1,850 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $79.26, for a total value of $146,631.00. Following the completion of 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. 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.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target 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.

Pathward Financial Price Performance

Shares of CASH traded up $1.94 during midday trading on Friday, reaching $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 capitalization of $1.95 billion, a price-to-earnings ratio of 11.93 and a beta of 0.64. 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, Inc. has a 12-month low of $51.97 and a 12-month high of $86.00. The company's 50-day moving average is $73.30 and its 200 day moving average is $76.29.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.40. The business had revenue of $262.90 million for the quarter, compared to analysts' expectations 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 earnings per share. On average, equities analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were paid a dividend of $0.05 per share. The ex-dividend date 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 (DPR) is currently 2.70%.

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.