4,000 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,000 shares of the savings and loans company’s stock, valued at approximately $264,000.

Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Pathward Financial by 2.8% during the third quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company’s stock valued at $46,206,000 after buying an additional 18,936 shares in the last quarter. Barclays PLC raised its holdings in Pathward Financial by 83.1% during the third quarter. Barclays PLC now owns 56,327 shares of the savings and loans company’s stock valued at $3,718,000 after buying an additional 25,570 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in Pathward Financial by 27.2% during the third quarter. Orion Portfolio Solutions LLC now owns 6,308 shares of the savings and loans company’s stock valued at $416,000 after buying an additional 1,350 shares in the last quarter. Jane Street Group LLC raised its holdings in Pathward Financial by 62.2% during the third quarter. Jane Street Group LLC now owns 48,713 shares of the savings and loans company’s stock valued at $3,216,000 after buying an additional 18,675 shares in the last quarter. Finally, State Street Corp raised its holdings in Pathward Financial by 1.4% during the third quarter. State Street Corp now owns 1,274,851 shares of the savings and loans company’s stock valued at $84,218,000 after buying an additional 17,004 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Greg Sigrist sold 2,250 shares of Pathward Financial stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following the sale, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at $777,306.40. This trade represents a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler raised their target price on Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price objective on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Pathward Financial Trading Down 2.6 %

Pathward Financial stock opened at $80.30 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.74. The business’s 50-day simple moving average is $77.94 and its 200-day simple moving average is $67.74. The firm has a market capitalization of $1.94 billion, a PE ratio of 12.11 and a beta of 0.69. Pathward Financial, Inc. has a 52 week low of $46.68 and a 52 week high of $86.00.

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, topping analysts’ consensus estimates of $1.27 by $0.08. The business had revenue of $167.90 million for the quarter, compared to analyst estimates of $167.20 million. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share. Equities research analysts forecast that Pathward Financial, Inc. will post 7.05 earnings per share for the current year.

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Pathward Financial’s payout ratio is presently 3.02%.

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.