RMR Wealth Builders Purchases 18,947 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

RMR Wealth Builders boosted its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 88.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,406 shares of the savings and loans company’s stock after purchasing an additional 18,947 shares during the quarter. RMR Wealth Builders owned about 0.17% of Pathward Financial worth $2,973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Quarry LP increased its stake in shares of Pathward Financial by 419.0% during the second quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock valued at $29,000 after buying an additional 419 shares during the period. Financial Management Professionals Inc. bought a new position in Pathward Financial in the third quarter worth approximately $29,000. Point72 DIFC Ltd purchased a new stake in Pathward Financial during the third quarter worth $35,000. USA Financial Formulas purchased a new position in shares of Pathward Financial in the 3rd quarter worth approximately $56,000. Finally, nVerses Capital LLC bought a new position in shares of Pathward Financial during the 3rd quarter worth approximately $79,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Pathward Financial

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CASH shares. Piper Sandler upped their price target on Pathward Financial from $82.00 to $94.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. 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 research note on Wednesday, December 4th.

Pathward Financial Price Performance

NASDAQ:CASH opened at $77.27 on Thursday. The firm’s fifty day moving average is $78.71 and its two-hundred day moving average is $70.59. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 11.65 and a beta of 0.72. Pathward Financial, Inc. has a one year low of $46.68 and a one year high of $86.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.74.

Pathward Financial (NASDAQ:CASH) last posted its earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.27 by $0.08. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The firm 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 earned $1.36 earnings per share. Pathward Financial’s revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts expect that Pathward Financial, Inc. will post 7.05 EPS for the current year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. Pathward Financial’s dividend payout ratio (DPR) is 3.02%.

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.