RMR Wealth Builders Buys 18,947 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

RMR Wealth Builders lifted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 88.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,406 shares of the savings and loans company’s stock after buying an additional 18,947 shares during the period. RMR Wealth Builders’ holdings in Pathward Financial were worth $2,973,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FMR LLC boosted its holdings in Pathward Financial by 6.9% during the 3rd quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock worth $135,471,000 after acquiring an additional 132,067 shares during the last quarter. American Century Companies Inc. boosted its holdings in Pathward Financial by 20.4% during the second quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock worth $28,551,000 after purchasing an additional 85,566 shares during the last quarter. Marshall Wace LLP boosted its holdings in Pathward Financial by 321.9% during the second quarter. Marshall Wace LLP now owns 93,127 shares of the savings and loans company’s stock worth $5,268,000 after purchasing an additional 71,054 shares during the last quarter. Foundry Partners LLC grew its position in Pathward Financial by 59.3% in the 3rd quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company’s stock worth $8,678,000 after purchasing an additional 48,917 shares in the last quarter. Finally, Algert Global LLC increased its stake in Pathward Financial by 83.1% in the 2nd quarter. Algert Global LLC now owns 80,376 shares of the savings and loans company’s stock valued at $4,547,000 after buying an additional 36,475 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Piper Sandler boosted their target price on Pathward Financial from $82.00 to $94.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Keefe, Bruyette & Woods boosted their price objective on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Insider Buying and Selling

In related news, CFO Greg Sigrist sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.60, for a total transaction of $181,350.00. Following the sale, the chief financial officer now owns 9,644 shares of the company’s stock, valued at approximately $777,306.40. This represents a 18.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by insiders.

Pathward Financial Stock Performance

NASDAQ CASH traded down $2.28 during trading hours on Friday, reaching $72.20. 179,254 shares of the company were exchanged, compared to its average volume of 191,381. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.74 billion, a P/E ratio of 10.89 and a beta of 0.72. Pathward Financial, Inc. has a 1 year low of $46.68 and a 1 year high of $86.00. The business’s 50 day simple moving average is $78.65 and its 200-day simple moving average is $69.97.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.27 by $0.08. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The business had revenue of $167.90 million for the quarter, compared to the consensus estimate of $167.20 million. During the same quarter in the prior year, the business earned $1.36 earnings per share. Pathward Financial’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Pathward Financial, Inc. will post 7.05 earnings per share for the current year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Tuesday, December 10th. Pathward Financial’s dividend payout ratio (DPR) is currently 3.02%.

Pathward Financial 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.