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

Two Sigma Securities LLC acquired a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,674 shares of the savings and loans company's stock, valued at approximately $344,000.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Pathward Financial in the fourth quarter worth about $3,734,999,000. Revolve Wealth Partners LLC acquired a new stake in Pathward Financial during the 4th quarter worth approximately $267,437,000. FMR LLC lifted 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 buying an additional 151,316 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 11,654 shares during the period. Finally, American Century Companies Inc. increased its position in shares of 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 worth $47,323,000 after acquiring an additional 62,931 shares in the last quarter. Institutional investors own 92.66% of the company's stock.

Pathward Financial Stock Performance

Shares of CASH traded up $0.53 during trading hours on Thursday, hitting $79.90. The company had a trading volume of 208,722 shares, compared to its average volume of 196,084. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 11.65 and a beta of 0.44. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 12 month low of $50.00 and a 12 month high of $86.00. The business has a fifty day moving average of $73.15 and a 200-day moving average of $76.18.

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

Pathward Financial Announces Dividend

The firm 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 0.25%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial's payout ratio is 2.70%.

Insider Activity

In other news, CEO Brett L. Pharr sold 10,365 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $78.07, for a total transaction of $809,195.55. Following the transaction, the chief executive officer now owns 69,750 shares in the company, valued at approximately $5,445,382.50. This represents a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer W. Warren sold 1,667 shares of Pathward Financial 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 of the company's stock, valued at $391,331.43. This represents a 24.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,882 shares of company stock valued at $1,403,123. Company insiders own 1.23% of the company's stock.

Analysts Set New Price Targets

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

Pathward Financial Company Profile

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.