Yousif Capital Management LLC Has $753,000 Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Yousif Capital Management LLC grew its stake in Pathward Financial, Inc. (NASDAQ:CASH) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,225 shares of the savings and loans company’s stock after buying an additional 1,168 shares during the period. Yousif Capital Management LLC owned 0.05% of Pathward Financial worth $753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Clear Harbor Asset Management LLC boosted its position in shares of Pathward Financial by 19.5% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 11,344 shares of the savings and loans company’s stock valued at $523,000 after purchasing an additional 1,855 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Pathward Financial by 530.8% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 16,572 shares of the savings and loans company’s stock valued at $764,000 after purchasing an additional 13,945 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Pathward Financial by 105.0% during the 3rd quarter. TD Asset Management Inc now owns 12,300 shares of the savings and loans company’s stock valued at $567,000 after purchasing an additional 6,300 shares in the last quarter. Carmel Capital Partners LLC bought a new stake in shares of Pathward Financial during the 3rd quarter valued at about $36,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Pathward Financial by 19.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,501 shares of the savings and loans company’s stock valued at $300,000 after purchasing an additional 1,059 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Stock Up 1.5 %

Shares of NASDAQ:CASH opened at $52.93 on Monday. The business’s 50 day simple moving average is $50.06 and its two-hundred day simple moving average is $50.29. The firm has a market cap of $1.35 billion, a P/E ratio of 7.95 and a beta of 0.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. Pathward Financial, Inc. has a 52-week low of $41.34 and a 52-week high of $60.49.

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

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Monday, March 11th. Pathward Financial’s dividend payout ratio (DPR) is presently 3.00%.

Analysts Set New Price Targets

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

Insider Transactions at Pathward Financial

In other news, President Anthony M. Sharett sold 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $47.50, for a total value of $47,500.00. Following the completion of the sale, the president now directly owns 33,146 shares of the company’s stock, valued at $1,574,435. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.

Pathward Financial Company 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.