Pathward Financial, Inc. (NASDAQ:CASH) Director Christopher Perretta Buys 300 Shares

Pathward Financial, Inc. (NASDAQ:CASH – Get Rating) Director Christopher Perretta bought 300 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was purchased at an average cost of $45.35 per share, for a total transaction of $13,605.00. Following the transaction, the director now owns 3,250 shares of the company’s stock, valued at $147,387.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Pathward Financial Stock Down 4.2 %

Shares of NASDAQ:CASH traded down $1.92 during trading on Friday, hitting $44.22. The company’s stock had a trading volume of 1,062,071 shares, compared to its average volume of 294,815. Pathward Financial, Inc. has a fifty-two week low of $31.16 and a fifty-two week high of $57.57. The business has a 50 day moving average price of $48.42 and a two-hundred day moving average price of $42.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.65. The company has a market capitalization of $1.22 billion, a PE ratio of 10.50 and a beta of 0.80.

Pathward Financial (NASDAQ:CASH – Get Rating) last released its earnings results on Wednesday, January 25th. The savings and loans company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.78 by $0.03. Pathward Financial had a return on equity of 18.73% and a net margin of 20.37%. The firm had revenue of $149.83 million during the quarter, compared to analysts’ expectations of $136.79 million. During the same period in the previous year, the firm posted $0.78 EPS. Pathward Financial’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, research analysts expect that Pathward Financial, Inc. will post 5.61 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 13th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, March 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. Pathward Financial’s dividend payout ratio (DPR) is currently 4.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CASH shares. Piper Sandler lifted their price objective on Pathward Financial from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, January 26th. StockNews.com assumed coverage on Pathward Financial in a research report on Thursday. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.25.

Hedge Funds Weigh In On Pathward Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Alta Fox Capital Management LLC acquired a new stake in Pathward Financial in the fourth quarter valued at $32,467,000. Jacobs Levy Equity Management Inc. lifted its holdings in Pathward Financial by 5,432.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 401,125 shares of the savings and loans company’s stock worth $13,221,000 after buying an additional 393,875 shares during the last quarter. Nantahala Capital Management LLC lifted its holdings in Pathward Financial by 34.8% during the 3rd quarter. Nantahala Capital Management LLC now owns 1,327,968 shares of the savings and loans company’s stock worth $43,770,000 after buying an additional 342,509 shares during the last quarter. Zacks Investment Management purchased a new stake in Pathward Financial during the 3rd quarter worth about $292,000. Finally, Philosophy Capital Management LLC lifted its holdings in Pathward Financial by 155.4% during the 3rd quarter. Philosophy Capital Management LLC now owns 468,122 shares of the savings and loans company’s stock worth $15,429,000 after buying an additional 284,829 shares during the last quarter. Institutional investors and hedge funds own 89.63% of the company’s stock.

About Pathward Financial

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Pathward Financial, Inc operates as a financial holding company, which provides savings and loan services. The firm operates through the following business segments: Consumer, Commercial, and Corporate Services and Other. The Consumer segment provides meta payment systems (MPS), consumer credit products, warehouse finance and other tax services.