City State Bank Sells 1,070 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

City State Bank lowered its position in Pathward Financial, Inc. (NASDAQ:CASH) by 39.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,670 shares of the savings and loans company’s stock after selling 1,070 shares during the period. City State Bank’s holdings in Pathward Financial were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CASH. RMR Wealth Builders raised its stake in shares of Pathward Financial by 88.3% during the fourth quarter. RMR Wealth Builders now owns 40,406 shares of the savings and loans company’s stock valued at $2,973,000 after acquiring an additional 18,947 shares in the last quarter. Diversified Trust Co raised its stake in shares of Pathward Financial by 9.7% during the fourth quarter. Diversified Trust Co now owns 8,931 shares of the savings and loans company’s stock valued at $657,000 after acquiring an additional 787 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Pathward Financial during the third quarter valued at approximately $725,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pathward Financial during the third quarter valued at approximately $264,000. Finally, Geode Capital Management LLC raised its stake in shares of Pathward Financial by 2.8% during the third quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company’s stock valued at $46,206,000 after acquiring an additional 18,936 shares in the last quarter. Institutional investors own 92.66% of the company’s stock.

Insiders Place Their Bets

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of Pathward Financial stock in a transaction on Friday, November 8th. The shares were sold at an average price of $80.60, for a total value of $181,350.00. Following the transaction, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at approximately $777,306.40. The trade was a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Pathward Financial Stock Performance

Shares of CASH stock opened at $72.73 on Tuesday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 10.97 and a beta of 0.72. The company’s 50 day moving average is $78.71 and its 200 day moving average is $70.40. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 52-week low of $46.68 and a 52-week high of $86.00.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $167.20 million. During the same period last year, the company posted $1.36 earnings per share. Pathward Financial’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Pathward Financial, Inc. will post 7.05 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Tuesday, December 10th. Pathward Financial’s dividend payout ratio is currently 3.02%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CASH shares. Keefe, Bruyette & Woods lifted their price objective on shares of Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler lifted their price objective on shares of Pathward Financial from $82.00 to $94.00 and gave the company an “overweight” rating in a report on Monday, December 23rd.

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.