Barclays PLC Has $3.72 Million Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

Barclays PLC raised its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 83.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,327 shares of the savings and loans company's stock after acquiring an additional 25,570 shares during the quarter. Barclays PLC owned approximately 0.23% of Pathward Financial worth $3,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mawer Investment Management Ltd. acquired a new stake in Pathward Financial in the 2nd quarter valued at $12,376,000. F M Investments LLC bought a new stake in Pathward Financial during the second quarter worth about $10,784,000. FMR LLC boosted its position in Pathward Financial by 6.9% during the third quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company's stock valued at $135,471,000 after purchasing an additional 132,067 shares during the last quarter. American Century Companies Inc. grew its stake in Pathward Financial by 20.4% in the second quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company's stock valued at $28,551,000 after purchasing an additional 85,566 shares in the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of Pathward Financial during the 2nd quarter worth approximately $4,669,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Greg Sigrist sold 2,250 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $80.60, for a total value of $181,350.00. Following the transaction, the chief financial officer now owns 9,644 shares in the company, valued at approximately $777,306.40. This trade represents a 18.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.72% of the company's stock.

Pathward Financial Stock Performance

Shares of NASDAQ CASH traded up $0.46 during midday trading on Monday, hitting $74.08. 156,215 shares of the company's stock were exchanged, compared to its average volume of 185,741. Pathward Financial, Inc. has a 12 month low of $46.68 and a 12 month high of $86.00. The company's 50 day moving average price is $78.10 and its 200 day moving average price is $68.32. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.79 billion, a PE ratio of 11.17 and a beta of 0.69.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.27 by $0.08. The business had revenue of $167.90 million during the quarter, compared to the consensus estimate of $167.20 million. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. Pathward Financial's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 EPS. As a group, analysts predict that Pathward Financial, Inc. will post 7.05 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Tuesday, December 10th. Pathward Financial's dividend payout ratio is 3.02%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Pathward Financial from $76.00 to $90.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Piper Sandler increased their price target on shares of Pathward Financial from $82.00 to $94.00 and gave the company an "overweight" rating in a research note on Monday.

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.