Pathward Financial, Inc. (NASDAQ:CASH) Shares Acquired by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC boosted its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,259 shares of the savings and loans company’s stock after purchasing an additional 208 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Pathward Financial were worth $755,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kennicott Capital Management LLC bought a new stake in shares of Pathward Financial during the 4th quarter valued at about $35,000. Yousif Capital Management LLC grew its holdings in shares of Pathward Financial by 8.9% during the fourth quarter. Yousif Capital Management LLC now owns 14,225 shares of the savings and loans company’s stock valued at $753,000 after purchasing an additional 1,168 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Pathward Financial by 2.3% during the 4th quarter. New York State Common Retirement Fund now owns 36,290 shares of the savings and loans company’s stock worth $1,921,000 after purchasing an additional 819 shares during the period. Duality Advisers LP bought a new stake in shares of Pathward Financial in the 4th quarter worth approximately $203,000. Finally, Carmel Capital Partners LLC boosted its position in Pathward Financial by 523.4% during the 4th quarter. Carmel Capital Partners LLC now owns 4,831 shares of the savings and loans company’s stock valued at $256,000 after purchasing an additional 4,056 shares during the period. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Performance

CASH opened at $51.53 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $50.04 and its 200-day moving average is $50.17. The stock has a market cap of $1.31 billion, a PE ratio of 7.74 and a beta of 0.71. Pathward Financial, Inc. has a twelve month low of $41.34 and a twelve month high of $60.49.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, April 24th. The savings and loans company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.19. Pathward Financial had a return on equity of 25.09% and a net margin of 22.90%. The firm had revenue of $247.25 million for the quarter, compared to the consensus estimate of $240.46 million. During the same quarter in the previous year, the business earned $2.18 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Pathward Financial, Inc. will post 6.43 earnings per share for the current year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Monday, March 11th. Pathward Financial’s dividend payout ratio (DPR) is presently 3.00%.

Insider Activity at Pathward Financial

In other news, President Anthony M. Sharett sold 1,000 shares of Pathward Financial stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.50, for a total transaction of $47,500.00. Following the transaction, the president now directly owns 33,146 shares in the company, valued at approximately $1,574,435. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CASH. Keefe, Bruyette & Woods dropped their target price on Pathward Financial from $60.00 to $58.00 and set a “market perform” rating on the stock in a research report on Friday, April 5th. Piper Sandler lowered their price target on shares of Pathward Financial from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th.

About Pathward Financial

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.