Mawer Investment Management Ltd. Acquires 7,049 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Mawer Investment Management Ltd. grew its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,815 shares of the savings and loans company’s stock after acquiring an additional 7,049 shares during the period. Mawer Investment Management Ltd. owned 0.90% of Pathward Financial worth $14,906,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. F M Investments LLC acquired a new position in Pathward Financial during the 2nd quarter valued at $10,784,000. American Century Companies Inc. raised its stake in Pathward Financial by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock valued at $28,551,000 after purchasing an additional 85,566 shares during the last quarter. Foundry Partners LLC acquired a new position in Pathward Financial during the 2nd quarter valued at $4,669,000. Assenagon Asset Management S.A. raised its stake in Pathward Financial by 103.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 149,143 shares of the savings and loans company’s stock valued at $8,437,000 after purchasing an additional 75,792 shares during the last quarter. Finally, Marshall Wace LLP raised 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 valued at $5,268,000 after purchasing an additional 71,054 shares during the last quarter. 92.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CASH. Keefe, Bruyette & Woods upped their target price on shares of Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Piper Sandler increased their price objective on shares of Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th.

Pathward Financial Price Performance

Shares of CASH traded up $0.37 during trading hours on Monday, hitting $80.00. The stock had a trading volume of 2,169 shares, compared to its average volume of 180,322. Pathward Financial, Inc. has a 52 week low of $46.68 and a 52 week high of $83.83. The company’s fifty day moving average is $70.83 and its two-hundred day moving average is $63.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.74 and a quick ratio of 0.63. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 12.01 and a beta of 0.67.

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

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Tuesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is presently 3.02%.

Insider Activity

In other news, Director Douglas J. Hajek sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $64.91, for a total value of $129,820.00. Following the transaction, the director now owns 19,531 shares of the company’s stock, valued at approximately $1,267,757.21. This trade represents a 9.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Anthony M. Sharett sold 3,100 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $66.40, for a total transaction of $205,840.00. Following the completion of the transaction, the president now directly owns 30,046 shares in the company, valued at $1,995,054.40. This trade represents a 9.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,350 shares of company stock valued at $517,010. 0.72% of the stock is currently owned by insiders.

Pathward Financial 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.