Two Sigma Securities LLC Invests $344,000 in Pathward Financial, Inc. (NASDAQ:CASH)

Two Sigma Securities LLC purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,674 shares of the savings and loans company's stock, valued at approximately $344,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Pathward Financial in the fourth quarter valued at about $3,734,999,000. Revolve Wealth Partners LLC acquired a new stake in shares of Pathward Financial during the fourth quarter worth $267,437,000. JPMorgan Chase & Co. lifted its position in shares of Pathward Financial by 52.2% in the 4th quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company's stock worth $41,885,000 after buying an additional 195,331 shares during the last quarter. FMR LLC grew its position in shares of Pathward Financial by 7.4% during the 4th quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company's stock valued at $162,141,000 after buying an additional 151,316 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Pathward Financial during the fourth quarter worth about $10,865,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Pathward Financial news, CAO Jennifer W. Warren sold 1,667 shares of the business's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $77.97, for a total transaction of $129,975.99. Following the completion of the transaction, the chief accounting officer now owns 5,019 shares in the company, valued at approximately $391,331.43. The trade was a 24.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kendall E. Stork sold 4,000 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 6,153 shares in the company, valued at $488,117.49. This trade represents a 39.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,882 shares of company stock valued at $1,403,123 in the last three months. 1.23% of the stock is currently owned by corporate insiders.

Pathward Financial Stock Performance

CASH stock traded up $1.94 during mid-day trading on Friday, reaching $81.84. The company had a trading volume of 185,598 shares, compared to its average volume of 196,103. Pathward Financial, Inc. has a one year low of $51.97 and a one year high of $86.00. The stock has a market capitalization of $1.95 billion, a P/E ratio of 11.93 and a beta of 0.64. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. The stock's 50-day simple moving average is $73.30 and its two-hundred day simple moving average is $76.29.

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 for the quarter, beating the consensus estimate of $2.71 by $0.40. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The firm had revenue of $262.90 million for the quarter, compared to the consensus estimate of $256.30 million. During the same period last year, the firm posted $2.56 EPS. Research analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. Pathward Financial's dividend payout ratio is presently 2.70%.

Analyst Ratings Changes

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 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.