Quantbot Technologies LP increased its position in shares of Pathward Financial, Inc. (NASDAQ:CASH – Free Report) by 150.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,448 shares of the savings and loans company’s stock after buying an additional 14,101 shares during the period. Quantbot Technologies LP’s holdings in Pathward Financial were worth $1,735,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Seros Financial LLC acquired a new position in shares of Pathward Financial in the third quarter worth about $481,003,000. Revolve Wealth Partners LLC acquired a new stake in shares of Pathward Financial during the 4th quarter valued at about $267,437,000. Vanguard Group Inc. increased its stake in shares of Pathward Financial by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,857,345 shares of the savings and loans company’s stock valued at $137,462,000 after purchasing an additional 14,130 shares in the last quarter. American Century Companies Inc. raised its holdings in Pathward Financial by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 726,051 shares of the savings and loans company’s stock worth $57,445,000 after purchasing an additional 39,628 shares during the period. Finally, Neumeier Poma Investment Counsel LLC raised its holdings in Pathward Financial by 62.0% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 348,590 shares of the savings and loans company’s stock worth $25,799,000 after purchasing an additional 133,455 shares during the period. Hedge funds and other institutional investors own 92.66% of the company’s stock.
Pathward Financial Stock Performance
NASDAQ CASH opened at $91.45 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.79. The stock’s 50 day simple moving average is $84.13 and its 200-day simple moving average is $77.16. The company has a market cap of $1.99 billion, a PE ratio of 11.18 and a beta of 0.74. Pathward Financial, Inc. has a 1-year low of $64.45 and a 1-year high of $96.06.
Pathward Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 12th. Pathward Financial’s dividend payout ratio (DPR) is currently 2.44%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Weiss Ratings upgraded Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods raised shares of Pathward Financial from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research note on Friday, January 23rd. Finally, Wall Street Zen cut shares of Pathward Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $97.00.
Check Out Our Latest Research Report on CASH
Insiders Place Their Bets
In related news, CEO Brett L. Pharr sold 15,641 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $93.88, for a total transaction of $1,468,377.08. Following the completion of the sale, the chief executive officer owned 78,261 shares of the company’s stock, valued at approximately $7,347,142.68. This represents a 16.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.43% of the company’s stock.
About Pathward Financial
Pathward Financial (NASDAQ:CASH) is a U.S.-based financial services company that operates through its wholly owned subsidiary, Pathward Bank. The company provides a range of banking and payment solutions designed for consumers, small businesses, community banks and fintech partners. Core offerings include deposit accounts, consumer and commercial lending, debit and prepaid card programs, digital banking platforms and treasury management services.
Through its banking charter, Pathward Financial delivers customizable payment solutions, including prepaid cards, payroll cards and benefit disbursement programs.
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