Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 14.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,578 shares of the savings and loans company’s stock after selling 7,135 shares during the period. Jane Street Group LLC’s holdings in Pathward Financial were worth $3,059,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. purchased a new position in Pathward Financial during the fourth quarter valued at $3,734,999,000. Revolve Wealth Partners LLC acquired a new position in shares of Pathward Financial during the 4th quarter worth about $267,437,000. JPMorgan Chase & Co. lifted its stake in Pathward Financial by 52.2% in the 4th quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company’s stock valued at $41,885,000 after buying an additional 195,331 shares in the last quarter. FMR LLC boosted its holdings in Pathward Financial by 7.4% in the 4th quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company’s stock worth $162,141,000 after buying an additional 151,316 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Pathward Financial during the fourth quarter valued at approximately $10,865,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their target price on Pathward Financial from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, April 23rd.

Pathward Financial Price Performance

Pathward Financial stock opened at $82.00 on Wednesday. The company has a fifty day simple moving average of $74.25 and a 200-day simple moving average of $76.77. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 11.95 and a beta of 0.64. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 52-week low of $51.97 and a 52-week high of $86.00.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.40. The company had revenue of $262.90 million during the quarter, compared to analysts’ expectations of $256.30 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. During the same quarter in the prior year, the company earned $2.56 EPS. On average, equities analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. Pathward Financial’s dividend payout ratio is presently 2.70%.

Insider Buying and Selling

In other Pathward Financial news, Director Kendall E. Stork sold 4,000 shares of Pathward Financial stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $79.33, for a total transaction of $317,320.00. Following the transaction, the director now directly owns 6,153 shares of the company’s stock, valued at $488,117.49. The trade was a 39.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer W. Warren sold 1,667 shares of the business’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $77.97, for a total transaction of $129,975.99. Following the completion of the transaction, the chief accounting officer now owns 5,019 shares in the company, valued at $391,331.43. The trade was a 24.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,882 shares of company stock worth $1,403,123. 1.23% of the stock is owned by corporate insiders.

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.