Pathward Financial, Inc. (NASDAQ:CASH) Stock Position Lowered by West Tower Group LLC

West Tower Group LLC lessened its position in Pathward Financial, Inc. (NASDAQ:CASH) by 29.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,990 shares of the savings and loans company’s stock after selling 2,500 shares during the quarter. West Tower Group LLC’s holdings in Pathward Financial were worth $395,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. purchased a new stake in shares of Pathward Financial in the 3rd quarter valued at approximately $29,000. Opal Wealth Advisors LLC purchased a new stake in shares of Pathward Financial in the 2nd quarter valued at approximately $25,000. Quarry LP lifted its position in shares of Pathward Financial by 419.0% in the 2nd quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock valued at $29,000 after acquiring an additional 419 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of Pathward Financial in the 2nd quarter valued at approximately $31,000. Finally, USA Financial Formulas purchased a new stake in shares of Pathward Financial in the 3rd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Insider Transactions at Pathward Financial

In other news, Director Douglas J. Hajek sold 2,000 shares of the stock in a transaction 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 transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Anthony M. Sharett sold 3,100 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $66.40, for a total transaction of $205,840.00. Following the transaction, the president now owns 30,046 shares in the company, valued at approximately $1,995,054.40. This trade represents a 9.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,350 shares of company stock worth $517,010 in the last 90 days. 0.72% of the stock is owned by insiders.

Pathward Financial Stock Up 1.7 %

Pathward Financial stock opened at $84.29 on Tuesday. The firm has a market cap of $2.11 billion, a PE ratio of 12.71 and a beta of 0.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.74. The firm’s 50 day moving average price is $72.57 and its two-hundred day moving average price is $64.49. Pathward Financial, Inc. has a twelve month low of $46.68 and a twelve month high of $86.00.

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

Pathward Financial Dividend Announcement

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

Analysts Set New Price Targets

Separately, Piper Sandler upped their price target on shares of 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 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.