Epoch Investment Partners Inc. Cuts Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Epoch Investment Partners Inc. cut its position in shares of Pathward Financial, Inc. (NASDAQ:CASHFree Report) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 249,886 shares of the savings and loans company’s stock after selling 29,711 shares during the period. Epoch Investment Partners Inc. owned 0.98% of Pathward Financial worth $13,226,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC grew its position in shares of Pathward Financial by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 14,259 shares of the savings and loans company’s stock valued at $755,000 after acquiring an additional 208 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Pathward Financial by 10.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,843 shares of the savings and loans company’s stock valued at $256,000 after buying an additional 441 shares in the last quarter. Nisa Investment Advisors LLC raised 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 period. Panagora Asset Management Inc. lifted its position in shares of Pathward Financial by 0.4% during the 4th quarter. Panagora Asset Management Inc. now owns 163,151 shares of the savings and loans company’s stock valued at $8,636,000 after buying an additional 592 shares in the last quarter. Finally, Diversified Trust Co grew its stake in Pathward Financial by 8.8% in the 4th quarter. Diversified Trust Co now owns 7,472 shares of the savings and loans company’s stock valued at $395,000 after acquiring an additional 606 shares during the period. Institutional investors and hedge funds own 92.66% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kendall E. Stork sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $53.53, for a total transaction of $107,060.00. Following the transaction, the director now directly owns 11,213 shares in the company, valued at approximately $600,231.89. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Pathward Financial news, President Anthony M. Sharett sold 1,000 shares of Pathward Financial 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 transaction, the president now directly owns 33,146 shares of the company’s stock, valued at $1,574,435. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kendall E. Stork sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $53.53, for a total transaction of $107,060.00. Following the completion of the sale, the director now directly owns 11,213 shares of the company’s stock, valued at approximately $600,231.89. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of Pathward Financial from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Friday, April 5th.

View Our Latest Analysis on Pathward Financial

Pathward Financial Price Performance

NASDAQ:CASH traded up $0.10 during trading hours on Friday, hitting $54.40. 93,837 shares of the stock were exchanged, compared to its average volume of 132,763. The company has a market cap of $1.37 billion, a P/E ratio of 8.17 and a beta of 0.68. The firm’s fifty day moving average price is $52.13 and its 200 day moving average price is $51.48. Pathward Financial, Inc. has a 52-week low of $41.79 and a 52-week high of $60.49. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

Pathward Financial (NASDAQ:CASHGet Free Report) last issued its quarterly 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. Pathward Financial had a return on equity of 25.09% and a net margin of 22.90%. The firm had revenue of $247.25 million during the quarter, compared to analysts’ expectations of $240.46 million. During the same period in the previous year, the business earned $2.18 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that Pathward Financial, Inc. will post 6.43 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Tuesday, June 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.37%. Pathward Financial’s payout ratio is 3.00%.

Pathward Financial Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pathward Financial, Inc. (NASDAQ:CASHFree Report).

Institutional Ownership by Quarter for Pathward Financial (NASDAQ:CASH)

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