Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC reduced its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,564 shares of the savings and loans company’s stock after selling 790 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Pathward Financial were worth $704,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in Pathward Financial in the second quarter valued at $415,000. Intech Investment Management LLC acquired a new stake in shares of Pathward Financial in the second quarter valued at about $615,000. Marshall Wace LLP grew its position 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 buying an additional 71,054 shares during the period. Squarepoint Ops LLC increased its holdings in Pathward Financial by 11.1% in the second quarter. Squarepoint Ops LLC now owns 16,270 shares of the savings and loans company’s stock valued at $920,000 after buying an additional 1,621 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Pathward Financial by 146.2% during the 2nd quarter. AQR Capital Management LLC now owns 9,939 shares of the savings and loans company’s stock valued at $562,000 after acquiring an additional 5,902 shares during the period. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Greg Sigrist sold 2,250 shares of the firm’s stock in a transaction on 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 owns 9,644 shares in the company, valued at $777,306.40. This trade represents a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CASH has been the subject of several research analyst reports. Piper Sandler raised their price objective on Pathward Financial from $82.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Keefe, Bruyette & Woods raised their price target on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Pathward Financial Stock Up 0.9 %

Shares of NASDAQ CASH opened at $78.43 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.74 and a quick ratio of 0.63. The firm’s 50-day moving average is $78.58 and its two-hundred day moving average is $71.10. Pathward Financial, Inc. has a 12-month low of $46.68 and a 12-month high of $86.00. The company has a market capitalization of $1.89 billion, a PE ratio of 11.83 and a beta of 0.72.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The firm had revenue of $173.51 million for the quarter, compared to analysts’ expectations of $173,273.50 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. Pathward Financial’s quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts anticipate that Pathward Financial, Inc. will post 7.29 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.26%. The ex-dividend date was Tuesday, December 10th. Pathward Financial’s payout ratio is 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.