Balyasny Asset Management L.P. Has $542,000 Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Balyasny Asset Management L.P. cut its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 64.0% during the 4th quarter, HoldingsChannel reports. The fund owned 7,371 shares of the savings and loans company’s stock after selling 13,132 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Pathward Financial were worth $542,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CASH. Barclays PLC lifted its position in Pathward Financial by 83.1% during the third quarter. Barclays PLC now owns 56,327 shares of the savings and loans company’s stock worth $3,718,000 after purchasing an additional 25,570 shares during the period. Assenagon Asset Management S.A. bought a new stake in Pathward Financial during the fourth quarter worth about $10,865,000. RMR Wealth Builders lifted its position in 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 worth $2,973,000 after purchasing an additional 18,947 shares during the period. Inspire Investing LLC bought a new stake in Pathward Financial during the fourth quarter worth about $816,000. Finally, KBC Group NV lifted its position in Pathward Financial by 45.8% during the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock worth $104,000 after purchasing an additional 445 shares during the period. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their price objective on shares of Pathward Financial from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd.

Insider Transactions at Pathward Financial

In related news, CEO Brett L. Pharr sold 10,365 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $78.07, for a total value of $809,195.55. Following the completion of the transaction, the chief executive officer now owns 69,750 shares in the company, valued at $5,445,382.50. This trade represents a 12.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kendall E. Stork sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $79.33, for a total transaction of $317,320.00. Following the completion of the transaction, the director now owns 6,153 shares of the company’s stock, valued at approximately $488,117.49. This trade represents a 39.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,882 shares of company stock valued at $1,403,123. 1.23% of the stock is currently owned by insiders.

Pathward Financial Stock Up 0.3%

CASH stock opened at $81.15 on Friday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 11.83 and a beta of 0.64. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 12 month low of $51.97 and a 12 month high of $86.00. The firm has a 50-day moving average price of $74.62 and a 200-day moving average price of $76.87.

Pathward Financial (NASDAQ:CASH) last posted its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.40. The firm 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 business earned $2.56 earnings per share. As a group, equities research analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.25%. Pathward Financial’s dividend payout ratio (DPR) is currently 2.70%.

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.