New York State Common Retirement Fund Purchases 819 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

New York State Common Retirement Fund increased its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 36,290 shares of the savings and loans company’s stock after purchasing an additional 819 shares during the period. New York State Common Retirement Fund owned 0.14% of Pathward Financial worth $1,921,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Carmel Capital Partners LLC acquired a new position in shares of Pathward Financial during the 3rd quarter worth approximately $36,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Pathward Financial by 170.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,696 shares of the savings and loans company’s stock valued at $78,000 after purchasing an additional 1,070 shares during the last quarter. Cottage Street Advisors LLC raised its position in shares of Pathward Financial by 60.9% in the fourth quarter. Cottage Street Advisors LLC now owns 2,114 shares of the savings and loans company’s stock valued at $112,000 after purchasing an additional 800 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Pathward Financial by 24.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,535 shares of the savings and loans company’s stock worth $134,000 after buying an additional 500 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Pathward Financial during the 3rd quarter worth about $152,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CASH shares. Keefe, Bruyette & Woods lowered their price target on shares of Pathward Financial from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Piper Sandler dropped their price target on Pathward Financial from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, January 25th.

Pathward Financial Price Performance

NASDAQ:CASH opened at $53.99 on Thursday. Pathward Financial, Inc. has a 52 week low of $41.79 and a 52 week high of $60.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. The firm’s 50-day simple moving average is $50.23 and its 200 day simple moving average is $50.45. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 8.11 and a beta of 0.66.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, April 24th. The savings and loans company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.37 by $0.19. The company had revenue of $247.25 million for the quarter, compared to analysts’ expectations of $240.46 million. Pathward Financial had a net margin of 22.90% and a return on equity of 25.09%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $2.18 earnings per share. As a group, sell-side analysts predict that Pathward Financial, Inc. will post 6.43 earnings per share for the current year.

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Monday, March 11th. Pathward Financial’s dividend payout ratio (DPR) is currently 3.00%.

Insider Buying and Selling

In related news, President Anthony M. Sharett sold 1,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $47.50, for a total transaction of $47,500.00. Following the completion of the sale, the president now owns 33,146 shares of the company’s stock, valued at $1,574,435. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Pathward Financial news, Director Kendall E. Stork sold 2,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $53.53, for a total value of $107,060.00. Following the sale, the director now owns 11,213 shares of the company’s stock, valued at approximately $600,231.89. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Anthony M. Sharett sold 1,000 shares of Pathward Financial stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.50, for a total value of $47,500.00. Following the completion of the transaction, the president now owns 33,146 shares in the company, valued at approximately $1,574,435. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

About Pathward Financial

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.