GSA Capital Partners LLP Has $1.66 Million Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

GSA Capital Partners LLP boosted its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 108.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,878 shares of the savings and loans company’s stock after purchasing an additional 17,111 shares during the quarter. GSA Capital Partners LLP’s holdings in Pathward Financial were worth $1,660,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CASH. BNP Paribas Financial Markets raised its position in shares of Pathward Financial by 116.9% in the first quarter. BNP Paribas Financial Markets now owns 26,317 shares of the savings and loans company’s stock valued at $1,328,000 after buying an additional 14,181 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Pathward Financial by 11.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,498 shares of the savings and loans company’s stock valued at $278,000 after acquiring an additional 556 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Pathward Financial by 232.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 73,351 shares of the savings and loans company’s stock worth $3,703,000 after purchasing an additional 51,304 shares in the last quarter. Diversified Trust Co increased its position in shares of Pathward Financial by 4.1% in the first quarter. Diversified Trust Co now owns 7,777 shares of the savings and loans company’s stock worth $393,000 after purchasing an additional 305 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Pathward Financial in the first quarter worth $17,819,000. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Price Performance

CASH traded up $0.71 during trading on Wednesday, hitting $58.47. 9,631 shares of the stock traded hands, compared to its average volume of 172,511. The business has a 50 day moving average price of $54.34 and a 200 day moving average price of $52.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.71 and a quick ratio of 0.71. Pathward Financial, Inc. has a twelve month low of $41.79 and a twelve month high of $60.49. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 8.67 and a beta of 0.68.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings data on Wednesday, April 24th. The savings and loans company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.19. The business had revenue of $247.25 million for the quarter, compared to analyst estimates of $240.46 million. Pathward Financial had a return on equity of 25.09% and a net margin of 22.90%. Pathward Financial’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $2.18 earnings per share. Equities research analysts forecast that Pathward Financial, Inc. will post 6.47 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Tuesday, June 11th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Tuesday, June 11th. Pathward Financial’s payout ratio is 3.00%.

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, Director Kendall E. Stork sold 2,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $53.53, for a total transaction of $107,060.00. Following the sale, the director now owns 11,213 shares of the company’s stock, valued at $600,231.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of Pathward Financial from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Friday, April 5th.

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.