Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund cut its position in Pathward Financial, Inc. (NASDAQ:CASH – Get Rating) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,354 shares of the savings and loans company’s stock after selling 1,543 shares during the period. Texas Permanent School Fund’s holdings in Pathward Financial were worth $833,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. acquired a new position in shares of Pathward Financial in the fourth quarter valued at about $239,000. TD Asset Management Inc purchased a new stake in shares of Pathward Financial in the fourth quarter worth about $697,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Pathward Financial by 35.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,395 shares of the savings and loans company’s stock worth $189,000 after buying an additional 1,140 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of Pathward Financial by 24.0% in the fourth quarter. AE Wealth Management LLC now owns 11,222 shares of the savings and loans company’s stock worth $483,000 after buying an additional 2,169 shares during the last quarter. Finally, Clear Harbor Asset Management LLC boosted its stake in shares of Pathward Financial by 1.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 13,776 shares of the savings and loans company’s stock worth $593,000 after buying an additional 225 shares during the last quarter. 89.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, Director Frederick V. Moore sold 3,350 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $46.61, for a total transaction of $156,143.50. Following the completion of the transaction, the director now owns 4,110 shares of the company’s stock, valued at $191,567.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 850 shares of company stock valued at $37,057 over the last quarter. 1.43% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CASH shares. Piper Sandler lowered their target price on Pathward Financial from $63.00 to $59.00 in a research note on Thursday, April 6th. Keefe, Bruyette & Woods lowered their target price on Pathward Financial from $49.00 to $47.00 and set a “market perform” rating on the stock in a research note on Thursday, April 6th. 92 Resources restated a “maintains” rating on shares of Pathward Financial in a research note on Thursday, April 27th. Finally, StockNews.com downgraded Pathward Financial from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.00.

Pathward Financial Stock Performance

Shares of CASH stock opened at $44.46 on Tuesday. The company has a market capitalization of $1.20 billion, a P/E ratio of 9.79 and a beta of 0.78. The business’s 50 day moving average is $42.90 and its two-hundred day moving average is $44.71. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.05. Pathward Financial, Inc. has a 12-month low of $31.16 and a 12-month high of $52.71.

Pathward Financial (NASDAQ:CASH – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The savings and loans company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The company had revenue of $228.44 million for the quarter, compared to the consensus estimate of $210.36 million. Pathward Financial had a return on equity of 20.80% and a net margin of 20.19%. Pathward Financial’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.73 earnings per share. Analysts expect that Pathward Financial, Inc. will post 5.65 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 8th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. Pathward Financial’s payout ratio is currently 4.41%.

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.