Pathward Financial, Inc. (NASDAQ:CASH) CFO Greg Sigrist Sells 2,250 Shares

Pathward Financial, Inc. (NASDAQ:CASH) CFO Greg Sigrist sold 2,250 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.60, for a total transaction of $181,350.00. Following the completion of the transaction, the chief financial officer now owns 9,644 shares of the company’s stock, valued at $777,306.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Pathward Financial Price Performance

NASDAQ:CASH opened at $81.57 on Wednesday. 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 business’s 50-day moving average price is $69.77 and its 200 day moving average price is $62.49. Pathward Financial, Inc. has a 52-week low of $46.68 and a 52-week high of $82.26. The firm has a market cap of $2.04 billion, a P/E ratio of 12.30 and a beta of 0.67.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $167.20 million. During the same quarter in the previous year, the company posted $1.36 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Pathward Financial, Inc. will post 7.05 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Pathward Financial’s dividend payout ratio (DPR) is presently 3.02%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CASH. Piper Sandler upped their price target on shares of Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th.

Hedge Funds Weigh In On Pathward Financial

A number of hedge funds have recently modified their holdings of CASH. Opal Wealth Advisors LLC acquired a new position in shares of Pathward Financial in the 2nd quarter valued at $25,000. Quarry LP boosted its holdings in shares of Pathward Financial by 419.0% in the second quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock worth $29,000 after buying an additional 419 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of Pathward Financial in the third quarter worth approximately $29,000. Gladius Capital Management LP acquired a new stake in shares of Pathward Financial during the second quarter valued at approximately $31,000. Finally, USA Financial Formulas acquired a new stake in shares of Pathward Financial during the third quarter valued at approximately $56,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

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.