Dynamic Technology Lab Private Ltd Purchases Shares of 10,879 Pathward Financial, Inc. (NASDAQ:CASH)

Dynamic Technology Lab Private Ltd bought a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 10,879 shares of the savings and loans company's stock, valued at approximately $718,000.

A number of other hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. grew its position in shares of Pathward Financial by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company's stock valued at $28,551,000 after buying an additional 85,566 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Pathward Financial by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 328,413 shares of the savings and loans company's stock valued at $21,679,000 after buying an additional 1,733 shares during the last quarter. Mawer Investment Management Ltd. grew its position in shares of Pathward Financial by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 225,815 shares of the savings and loans company's stock valued at $14,906,000 after buying an additional 7,049 shares during the last quarter. Elgethun Capital Management grew its position in Pathward Financial by 1.9% during the 2nd quarter. Elgethun Capital Management now owns 193,747 shares of the savings and loans company's stock worth $10,960,000 after purchasing an additional 3,681 shares during the last quarter. Finally, F M Investments LLC purchased a new position in Pathward Financial during the 2nd quarter worth $10,784,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Pathward Financial Stock Performance

Pathward Financial stock traded down $0.58 during midday trading on Friday, hitting $83.88. 87,615 shares of the company's stock were exchanged, compared to its average volume of 180,308. Pathward Financial, Inc. has a 12-month low of $46.68 and a 12-month high of $86.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.74. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 12.65 and a beta of 0.67. The firm's 50 day simple moving average is $73.85 and its 200 day simple moving average is $65.18.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.08. The company had revenue of $167.90 million for 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 for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. Equities research analysts predict that Pathward Financial, Inc. will post 7.05 EPS for the current year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Tuesday, December 10th. Pathward Financial's payout ratio is 3.02%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised their price objective on shares of Pathward Financial from $75.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th.

Insider Activity

In related news, President Anthony M. Sharett sold 3,100 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $66.40, for a total value of $205,840.00. Following the completion of the sale, the president now owns 30,046 shares in the company, valued at $1,995,054.40. This trade represents a 9.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas J. Hajek sold 2,000 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $64.91, for a total transaction of $129,820.00. Following the completion of the sale, the director now owns 19,531 shares of the company's stock, valued at $1,267,757.21. This trade represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,350 shares of company stock valued at $517,010 over the last quarter. Corporate 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.