Pathward Financial, Inc. (NASDAQ:CASH) Shares Bought by RMR Wealth Builders

RMR Wealth Builders raised its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 88.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 40,406 shares of the savings and loans company’s stock after purchasing an additional 18,947 shares during the period. RMR Wealth Builders’ holdings in Pathward Financial were worth $2,973,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Texas Permanent School Fund Corp lifted its holdings in shares of Pathward Financial by 34.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 29,952 shares of the savings and loans company’s stock worth $1,694,000 after acquiring an additional 7,643 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Pathward Financial by 20.4% during the second quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock worth $28,551,000 after buying an additional 85,566 shares during the period. XTX Topco Ltd acquired a new stake in shares of Pathward Financial in the second quarter valued at $415,000. Intech Investment Management LLC purchased a new stake in shares of Pathward Financial in the 2nd quarter valued at $615,000. Finally, Marshall Wace LLP lifted its stake in Pathward Financial by 321.9% during the 2nd quarter. Marshall Wace LLP now owns 93,127 shares of the savings and loans company’s stock worth $5,268,000 after acquiring an additional 71,054 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Pathward Financial from $82.00 to $94.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods increased their price objective on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Pathward Financial Stock Performance

Shares of CASH opened at $77.27 on Thursday. Pathward Financial, Inc. has a 1 year low of $46.68 and a 1 year high of $86.00. The stock has a market capitalization of $1.86 billion, a PE ratio of 11.65 and a beta of 0.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.74. The stock has a 50-day simple moving average of $78.71 and a 200-day simple moving average of $70.59.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.08. The business had revenue of $167.90 million for the quarter, compared to the consensus estimate of $167.20 million. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 EPS. On average, analysts predict that Pathward Financial, Inc. will post 7.05 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. Pathward Financial’s payout ratio is 3.02%.

Insider Buying and Selling

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following the completion of the sale, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at approximately $777,306.40. This trade represents a 18.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

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.