Wilmington Savings Fund Society FSB Purchases Shares of 4,000 Pathward Financial, Inc. (NASDAQ:CASH)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 4,000 shares of the savings and loans company’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in Pathward Financial by 419.0% during the 2nd quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock valued at $29,000 after purchasing an additional 419 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Pathward Financial during the 3rd quarter worth $29,000. Point72 DIFC Ltd bought a new stake in shares of Pathward Financial during the 3rd quarter worth $35,000. USA Financial Formulas bought a new stake in shares of Pathward Financial during the 3rd quarter worth $56,000. Finally, nVerses Capital LLC bought a new stake in shares of Pathward Financial during the 3rd quarter worth $79,000. 92.66% of the stock is owned by institutional investors.

Pathward Financial Stock Performance

Shares of Pathward Financial stock opened at $80.30 on Wednesday. The stock has a market cap of $1.94 billion, a PE ratio of 12.11 and a beta of 0.69. The business has a fifty day simple moving average of $77.94 and a 200-day simple moving average of $67.74. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 12 month low of $46.68 and a 12 month high of $86.00.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.27 by $0.08. The business had revenue of $167.90 million during the quarter, compared to analysts’ expectations of $167.20 million. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. Pathward Financial’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share. On average, sell-side analysts anticipate that Pathward Financial, Inc. will post 7.05 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be given a $0.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Pathward Financial’s dividend payout ratio (DPR) is presently 3.02%.

Insider Transactions at Pathward Financial

In related news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction 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 in the company, valued at approximately $777,306.40. This trade represents a 18.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on CASH. Keefe, Bruyette & Woods raised their price objective on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler raised their price objective on Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th.

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.