Pathward Financial, Inc. (NASDAQ:CASH) CEO Brett L. Pharr Sells 10,365 Shares of Stock

Pathward Financial, Inc. (NASDAQ:CASH) CEO Brett L. Pharr sold 10,365 shares of the firm’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $78.07, for a total value of $809,195.55. Following the completion of the transaction, the chief executive officer now owns 69,750 shares in the company, valued at approximately $5,445,382.50. This represents a 12.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Pathward Financial Stock Performance

CASH stock opened at $80.14 on Wednesday. Pathward Financial, Inc. has a 1-year low of $50.00 and a 1-year high of $86.00. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.91 billion, a PE ratio of 11.68 and a beta of 0.44. The business’s 50-day moving average price is $73.11 and its two-hundred day moving average price is $76.15.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.40. The business had revenue of $262.90 million during the quarter, compared to analyst estimates of $256.30 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. During the same period in the previous year, the firm earned $2.56 EPS. As a group, research analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.25%. Pathward Financial’s dividend payout ratio is currently 2.70%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their target price on Pathward Financial from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, April 23rd.

Hedge Funds Weigh In On Pathward Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. acquired a new stake in Pathward Financial in the 4th quarter valued at $3,734,999,000. Revolve Wealth Partners LLC acquired a new stake in shares of Pathward Financial in the fourth quarter valued at about $267,437,000. Putney Financial Group LLC bought a new stake in Pathward Financial during the fourth quarter worth about $32,223,000. JPMorgan Chase & Co. boosted its position in Pathward Financial by 52.2% during the fourth quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company’s stock valued at $41,885,000 after purchasing an additional 195,331 shares during the last quarter. Finally, FMR LLC grew its stake in Pathward Financial by 7.4% in the fourth quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company’s stock valued at $162,141,000 after purchasing an additional 151,316 shares in the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

About Pathward Financial

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.