Kendall E. Stork Sells 2,000 Shares of Pathward Financial, Inc. (NASDAQ:CASH) Stock

Pathward Financial, Inc. (NASDAQ:CASH) Director Kendall E. Stork sold 2,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $53.53, for a total transaction of $107,060.00. Following the transaction, the director now directly owns 11,213 shares in the company, valued at approximately $600,231.89. The transaction was disclosed in a filing with the SEC, which is available through this link.

Pathward Financial Price Performance

Shares of NASDAQ CASH opened at $53.82 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. The firm’s 50-day simple moving average is $50.29 and its 200 day simple moving average is $50.47. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 8.08 and a beta of 0.66. Pathward Financial, Inc. has a fifty-two week low of $41.79 and a fifty-two week high of $60.49.

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

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were paid a $0.05 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. Pathward Financial’s payout ratio is 3.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CASH shares. Keefe, Bruyette & Woods decreased their price objective on Pathward Financial from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Friday, April 5th. Piper Sandler reduced 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.

Institutional Trading of Pathward Financial

Several institutional investors and hedge funds have recently made changes to their positions in CASH. Kennicott Capital Management LLC bought a new stake in Pathward Financial in the 4th quarter worth about $35,000. Carmel Capital Partners LLC bought a new stake in Pathward Financial during the third quarter worth $36,000. Harvest Fund Management Co. Ltd boosted its position in Pathward Financial by 170.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,696 shares of the savings and loans company’s stock worth $78,000 after purchasing an additional 1,070 shares during the last quarter. Cottage Street Advisors LLC grew its stake in Pathward Financial by 60.9% in the 4th quarter. Cottage Street Advisors LLC now owns 2,114 shares of the savings and loans company’s stock valued at $112,000 after purchasing an additional 800 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Pathward Financial by 24.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,535 shares of the savings and loans company’s stock worth $134,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 92.66% 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.