Martingale Asset Management L P Purchases 1,101 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Martingale Asset Management L P boosted its position in Pathward Financial, Inc. (NASDAQ:CASH) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,599 shares of the savings and loans company’s stock after purchasing an additional 1,101 shares during the quarter. Martingale Asset Management L P owned about 0.11% of Pathward Financial worth $1,822,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vinva Investment Management Ltd boosted its holdings in Pathward Financial by 13.1% in the 3rd quarter. Vinva Investment Management Ltd now owns 104,508 shares of the savings and loans company’s stock valued at $6,899,000 after purchasing an additional 12,118 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Pathward Financial by 36.1% in the third quarter. Glenmede Trust Co. NA now owns 16,351 shares of the savings and loans company’s stock valued at $1,079,000 after buying an additional 4,335 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Pathward Financial by 65.5% in the third quarter. BNP Paribas Financial Markets now owns 44,047 shares of the savings and loans company’s stock valued at $2,908,000 after buying an additional 17,431 shares during the period. Quantbot Technologies LP boosted its stake in shares of Pathward Financial by 10.2% in the third quarter. Quantbot Technologies LP now owns 11,571 shares of the savings and loans company’s stock valued at $764,000 after buying an additional 1,070 shares during the period. Finally, FMR LLC boosted its stake in shares of Pathward Financial by 6.9% in the third quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock valued at $135,471,000 after buying an additional 132,067 shares during the period. 92.66% of the stock is currently owned by institutional investors.

Pathward Financial Trading Down 0.7 %

CASH opened at $83.88 on Monday. The company has a 50-day simple moving average of $73.85 and a 200 day simple moving average of $65.33. Pathward Financial, Inc. has a twelve month low of $46.68 and a twelve month high of $86.00. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 12.65 and a beta of 0.67.

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

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. Pathward Financial’s dividend payout ratio is currently 3.02%.

Insider Buying and Selling

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.60, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas J. Hajek sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $64.91, for a total transaction of $129,820.00. Following the completion of the sale, the director now owns 19,531 shares in the company, valued at $1,267,757.21. This represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,350 shares of company stock worth $517,010 in the last ninety days. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their target price on Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th.

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.