Tudor Investment Corp ET AL Raises Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Tudor Investment Corp ET AL boosted its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,016 shares of the savings and loans company's stock after acquiring an additional 20,905 shares during the quarter. Tudor Investment Corp ET AL owned 0.36% of Pathward Financial worth $6,403,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CASH. Smartleaf Asset Management LLC boosted its stake in shares of Pathward Financial by 302.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock valued at $41,000 after purchasing an additional 414 shares during the period. Sterling Capital Management LLC boosted its position in Pathward Financial by 726.8% in the 4th quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company's stock valued at $43,000 after buying an additional 516 shares during the period. KBC Group NV grew its stake 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 acquiring an additional 445 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Pathward Financial during the fourth quarter worth 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.

Pathward Financial Stock Down 0.4 %

Pathward Financial stock traded down $0.31 during midday trading on Tuesday, hitting $81.52. 34,407 shares of the company's stock were exchanged, compared to its average volume of 195,436. Pathward Financial, Inc. has a 12 month low of $51.97 and a 12 month high of $86.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. The company has a market cap of $1.94 billion, a PE ratio of 11.92 and a beta of 0.64. The firm has a 50-day moving average of $73.39 and a two-hundred day moving average of $76.35.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued 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. The company had revenue of $262.90 million for 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 company posted $2.56 earnings per share. As a group, analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial's dividend payout ratio (DPR) is currently 2.70%.

Insider Activity at Pathward Financial

In other news, CAO Jennifer W. Warren sold 1,667 shares of the firm'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 sale, the chief accounting officer now directly owns 5,019 shares in the company, valued at approximately $391,331.43. This trade represents a 24.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas J. Hajek sold 1,850 shares of Pathward Financial stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $79.26, for a total transaction of $146,631.00. Following the completion of the transaction, the director now directly owns 19,631 shares in the company, valued at approximately $1,555,953.06. The trade was a 8.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,882 shares of company stock valued at $1,403,123 over the last quarter. 1.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.