Pathward Financial, Inc. (NASDAQ:CASH) Stake Cut by Seizert Capital Partners LLC

Seizert Capital Partners LLC lowered its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,855 shares of the savings and loans company’s stock after selling 288 shares during the period. Seizert Capital Partners LLC owned about 0.12% of Pathward Financial worth $1,905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mawer Investment Management Ltd. acquired a new position in shares of Pathward Financial during the 2nd quarter valued at about $12,376,000. F M Investments LLC acquired a new stake in Pathward Financial during the second quarter valued at approximately $10,784,000. American Century Companies Inc. boosted its stake in Pathward Financial by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock valued at $28,551,000 after buying an additional 85,566 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of Pathward Financial in the 2nd quarter valued at $4,669,000. Finally, Assenagon Asset Management S.A. grew its stake in Pathward Financial by 103.3% during the second quarter. Assenagon Asset Management S.A. now owns 149,143 shares of the savings and loans company’s stock worth $8,437,000 after buying an additional 75,792 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Down 0.5 %

NASDAQ:CASH opened at $79.63 on Friday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 12.01 and a beta of 0.67. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $70.83 and a two-hundred day moving average price of $63.14. Pathward Financial, Inc. has a 1 year low of $46.68 and a 1 year high of $83.83.

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

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Tuesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is presently 3.02%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Piper Sandler increased their price target on Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th.

Insider Buying and Selling at Pathward Financial

In other news, President Anthony M. Sharett sold 3,100 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $66.40, for a total transaction of $205,840.00. Following the completion of the transaction, the president now directly owns 30,046 shares in the company, valued at $1,995,054.40. This represents a 9.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Greg Sigrist sold 2,250 shares of Pathward Financial stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.60, for a total value of $181,350.00. Following the completion of the sale, the chief financial officer now directly owns 9,644 shares in the company, valued at approximately $777,306.40. This represents a 18.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,350 shares of company stock valued at $517,010 in the last 90 days. 0.72% of the stock is currently owned by company insiders.

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.