Foundry Partners LLC Raises Position in Pathward Financial, Inc. (NASDAQ:CASH)

Foundry Partners LLC lifted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 59.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 131,458 shares of the savings and loans company’s stock after acquiring an additional 48,917 shares during the period. Foundry Partners LLC’s holdings in Pathward Financial were worth $8,678,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Epoch Investment Partners Inc. boosted its stake in shares of Pathward Financial by 7.8% in the first quarter. Epoch Investment Partners Inc. now owns 269,425 shares of the savings and loans company’s stock valued at $13,601,000 after purchasing an additional 19,539 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Pathward Financial by 103.3% during the second quarter. Assenagon Asset Management S.A. now owns 149,143 shares of the savings and loans company’s stock valued at $8,437,000 after acquiring an additional 75,792 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Pathward Financial during the third quarter worth about $476,000. Algert Global LLC boosted its holdings in Pathward Financial by 83.1% in the second quarter. Algert Global LLC now owns 80,376 shares of the savings and loans company’s stock valued at $4,547,000 after purchasing an additional 36,475 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Pathward Financial by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,803 shares of the savings and loans company’s stock valued at $724,000 after purchasing an additional 315 shares in the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

Pathward Financial Trading Up 0.7 %

NASDAQ CASH opened at $79.52 on Thursday. The firm has a market capitalization of $1.99 billion, a PE ratio of 11.99 and a beta of 0.67. Pathward Financial, Inc. has a one year low of $46.68 and a one year high of $83.83. The company has a 50-day simple moving average of $71.32 and a 200-day simple moving average of $63.70. 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, beating the consensus estimate of $1.27 by $0.08. The company had revenue of $167.90 million during the quarter, compared to analyst estimates of $167.20 million. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 earnings per share. On average, equities analysts forecast that Pathward Financial, Inc. will post 7.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CASH shares. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Piper Sandler increased their price objective on shares of Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th.

Insiders Place Their Bets

In other news, President Anthony M. Sharett sold 3,100 shares of Pathward Financial stock in a transaction that occurred 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 sale, the president now owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. The trade was a 9.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $80.60, for a total value of $181,350.00. Following the completion of the transaction, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at $777,306.40. This trade represents a 18.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,350 shares of company stock valued at $517,010 over the last three months. Company insiders own 0.72% of the company’s stock.

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.