Pathward Financial (NASDAQ:CASH) Now Covered by StockNews.com

StockNews.com began coverage on shares of Pathward Financial (NASDAQ:CASH – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the savings and loans company’s stock.

Separately, Piper Sandler boosted their price objective on Pathward Financial from $54.00 to $58.00 and gave the company an overweight rating in a research report on Thursday, January 26th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $49.25.

Pathward Financial Stock Performance

Shares of NASDAQ:CASH opened at $44.22 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.65. Pathward Financial has a one year low of $31.16 and a one year high of $57.57. The business’s 50-day simple moving average is $48.42 and its 200 day simple moving average is $42.45. The company has a market cap of $1.22 billion, a P/E ratio of 10.50 and a beta of 0.80.

Pathward Financial (NASDAQ:CASH – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The savings and loans company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.03. The company had revenue of $149.83 million for the quarter, compared to the consensus estimate of $136.79 million. Pathward Financial had a return on equity of 18.73% and a net margin of 20.37%. Pathward Financial’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. On average, sell-side analysts forecast that Pathward Financial will post 5.61 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, March 10th. Pathward Financial’s dividend payout ratio is presently 4.75%.

Insider Transactions at Pathward Financial

In other news, President Anthony M. Sharett sold 2,500 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $46.60, for a total transaction of $116,500.00. Following the sale, the president now directly owns 30,486 shares of the company’s stock, valued at $1,420,647.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Pathward Financial news, Director Frederick V. Moore sold 3,350 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $46.61, for a total value of $156,143.50. Following the transaction, the director now owns 4,110 shares in the company, valued at $191,567.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Anthony M. Sharett sold 2,500 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $46.60, for a total value of $116,500.00. Following the completion of the transaction, the president now owns 30,486 shares in the company, valued at approximately $1,420,647.60. The disclosure for this sale can be found here. Insiders have purchased 850 shares of company stock valued at $37,057 over the last three months. Company insiders own 1.43% of the company’s stock.

Institutional Trading of Pathward Financial

Several large investors have recently made changes to their positions in CASH. Quantbot Technologies LP bought a new stake in shares of Pathward Financial during the 1st quarter worth about $34,000. Lazard Asset Management LLC lifted its position in shares of Pathward Financial by 60.2% during the 4th quarter. Lazard Asset Management LLC now owns 1,908 shares of the savings and loans company’s stock worth $82,000 after purchasing an additional 717 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Pathward Financial by 5,250.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,926 shares of the savings and loans company’s stock worth $82,000 after purchasing an additional 1,890 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Pathward Financial by 19.1% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 2,507 shares of the savings and loans company’s stock valued at $97,000 after acquiring an additional 402 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in Pathward Financial in the 4th quarter valued at approximately $106,000. Institutional investors own 89.63% of the company’s stock.

Pathward Financial Company Profile

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Pathward Financial, Inc operates as a financial holding company, which provides savings and loan services. The firm operates through the following business segments: Consumer, Commercial, and Corporate Services and Other. The Consumer segment provides meta payment systems (MPS), consumer credit products, warehouse finance and other tax services.