Wealth Enhancement Advisory Services LLC Buys Shares of 352,990 Pathward Financial, Inc. (NASDAQ:CASH)
Wealth Enhancement Advisory Services LLC purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASH) during the first quarter, owning approximately 1.38% of the company. Other institutional investors and hedge funds have also bought and sold shares of Pathward Financial. The stock is trading at $56.07, with a 1-year low of $41.79 and a 1-year high of $60.49. Pathward Financial recently announced a quarterly dividend of $0.05 per share.
Wealth Enhancement Advisory Services LLC bought a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 352,990 shares of the savings and loans company's stock, valued at approximately $17,819,000. Wealth Enhancement Advisory Services LLC owned approximately 1.38% of Pathward Financial at the end of the most recent reporting period.
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Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Pathward Financial by 4.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,583,602 shares of the savings and loans company's stock worth $83,820,000 after buying an additional 69,374 shares during the last quarter. Greenwich Investment Management Inc. acquired a new stake in shares of Pathward Financial in the fourth quarter worth about $6,861,000. Grizzlyrock Capital LLC acquired a new stake in shares of Pathward Financial in the fourth quarter worth about $10,237,000. Vinva Investment Management Ltd lifted its position in shares of Pathward Financial by 11.2% during the 4th quarter. Vinva Investment Management Ltd now owns 78,727 shares of the savings and loans company's stock worth $4,167,000 after purchasing an additional 7,908 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Pathward Financial by 981.5% during the 3rd quarter. Stifel Financial Corp now owns 98,040 shares of the savings and loans company's stock worth $4,519,000 after purchasing an additional 88,975 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company's stock.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods lowered their price target on Pathward Financial from $60.00 to $58.00 and set a "market perform" rating on the stock in a research note on Friday, April 5th.
View Our Latest Analysis on CASH
Insider Buying and Selling
In related news, Director Kendall E. Stork sold 2,000 shares of the 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 sale, the director now directly owns 11,213 shares in the company, valued at approximately $600,231.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.
Pathward Financial Trading Up 0.3 %
CASH stock opened at $56.07 on Friday. Pathward Financial, Inc. has a 1-year low of $41.79 and a 1-year high of $60.49. The firm has a market cap of $1.42 billion, a P/E ratio of 8.42 and a beta of 0.68. The business's 50 day moving average is $53.51 and its 200-day moving average is $51.84. 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:CASH - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The savings and loans company reported $2.56 earnings per share for the quarter, beating 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 company had revenue of $247.25 million for the quarter, compared to analyst estimates of $240.46 million. During the same period in the prior year, the company posted $2.18 EPS. The company's revenue was up 8.2% compared to the same quarter last year. Equities analysts anticipate that Pathward Financial, Inc. will post 6.43 earnings per share for the current fiscal year.
Pathward Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Tuesday, June 11th will be given a dividend of $0.05 per share. 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 0.36%. Pathward Financial's dividend payout ratio (DPR) is presently 3.00%.
Pathward Financial Company 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.
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