Inspire Investing LLC Purchases New Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Inspire Investing LLC purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,088 shares of the savings and loans company’s stock, valued at approximately $816,000.

Other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of Pathward Financial in the third quarter valued at approximately $476,000. Foundry Partners LLC boosted its stake in shares of Pathward Financial by 59.3% in the third quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company’s stock valued at $8,678,000 after buying an additional 48,917 shares during the period. Geode Capital Management LLC boosted its stake in shares of Pathward Financial by 2.8% in 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 during the period. Algert Global LLC boosted its stake in shares of Pathward Financial by 83.1% in the second 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 period. Finally, RMR Wealth Builders boosted its stake in shares of Pathward Financial by 88.3% in the fourth quarter. RMR Wealth Builders now owns 40,406 shares of the savings and loans company’s stock valued at $2,973,000 after buying an additional 18,947 shares during the period. 92.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price 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. Piper Sandler cut their target price on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a research note on Wednesday.

Insider Transactions at Pathward Financial

In related news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction on Friday, November 8th. The stock was 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 $777,306.40. This represents a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.23% of the company’s stock.

Pathward Financial Stock Up 1.1 %

Shares of NASDAQ:CASH opened at $79.77 on Friday. The company has a fifty day moving average of $78.42 and a 200-day moving average of $71.50. The company has a market capitalization of $1.92 billion, a PE ratio of 11.63 and a beta of 0.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.77. Pathward Financial, Inc. has a 52-week low of $46.68 and a 52-week high of $86.00.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. The company had revenue of $173.51 million during the quarter, compared to the consensus estimate of $173,273.50 billion. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 earnings per share. On average, equities analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Pathward Financial’s dividend payout ratio (DPR) is presently 2.92%.

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.