Financial Management Professionals Inc. Invests $29,000 in Pathward Financial, Inc. (NASDAQ:CASH)

Financial Management Professionals Inc. purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the third quarter, HoldingsChannel reports. The firm purchased 438 shares of the savings and loans company’s stock, valued at approximately $29,000.

A number of other hedge funds also recently modified their holdings of CASH. Opal Wealth Advisors LLC acquired a new position in shares of Pathward Financial during the second quarter worth $25,000. Quarry LP lifted its holdings in Pathward Financial by 419.0% in 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. Gladius Capital Management LP acquired a new position in Pathward Financial in the second quarter valued at $31,000. USA Financial Formulas acquired a new position in Pathward Financial in the third quarter valued at $56,000. Finally, EntryPoint Capital LLC acquired a new position in Pathward Financial in the first quarter valued at $59,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Trading Down 2.4 %

CASH opened at $68.46 on Monday. Pathward Financial, Inc. has a 1-year low of $44.39 and a 1-year high of $75.20. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.73 billion, a P/E ratio of 10.28 and a beta of 0.68. The company has a fifty day moving average price of $68.02 and a two-hundred day moving average price of $60.52.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.08. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The firm had revenue of $167.90 million during the quarter, compared to the consensus estimate of $167.20 million. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Analysts predict that Pathward Financial, Inc. will post 6.54 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Tuesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is currently 3.00%.

Analyst Ratings Changes

Several research firms recently issued reports on CASH. Keefe, Bruyette & Woods boosted their target price on shares of Pathward Financial from $58.00 to $67.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Piper Sandler boosted their target price on shares of Pathward Financial from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday.

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, Director Douglas J. Hajek sold 2,000 shares of Pathward Financial stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $64.91, for a total value of $129,820.00. Following the completion of the sale, the director now directly owns 19,531 shares of the company’s stock, valued at approximately $1,267,757.21. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, President Anthony M. Sharett sold 3,100 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $66.40, for a total transaction of $205,840.00. Following the completion of the sale, the president now directly owns 30,046 shares of the company’s stock, valued at $1,995,054.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas J. Hajek sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $64.91, for a total transaction of $129,820.00. Following the sale, the director now directly owns 19,531 shares of the company’s stock, valued at approximately $1,267,757.21. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

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.