Geode Capital Management LLC Buys 18,936 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Geode Capital Management LLC grew its position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 699,884 shares of the savings and loans company's stock after purchasing an additional 18,936 shares during the period. Geode Capital Management LLC owned about 2.80% of Pathward Financial worth $46,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new stake in Pathward Financial in the third quarter worth approximately $29,000. Quarry LP boosted its stake in shares of Pathward Financial by 419.0% in the 2nd quarter. Quarry LP now owns 519 shares of the savings and loans company's stock valued at $29,000 after purchasing an additional 419 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Pathward Financial in the 3rd quarter valued at $35,000. USA Financial Formulas bought a new position in shares of Pathward Financial during the 3rd quarter valued at $56,000. Finally, nVerses Capital LLC purchased a new position in Pathward Financial in the 3rd quarter worth $79,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Pathward Financial Trading Up 1.0 %

Pathward Financial stock traded up $0.76 during trading hours on Tuesday, reaching $74.84. The stock had a trading volume of 64,367 shares, compared to its average volume of 185,252. The stock has a market cap of $1.81 billion, a PE ratio of 11.29 and a beta of 0.69. The company has a fifty day simple moving average of $78.10 and a 200-day simple moving average of $68.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.74 and a quick ratio of 0.63. Pathward Financial, Inc. has a 52 week low of $46.68 and a 52 week high of $86.00.

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

Pathward Financial Dividend Announcement

The business 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. The ex-dividend date is Tuesday, December 10th. This represents a $0.20 annualized dividend and a yield of 0.27%. Pathward Financial's dividend payout ratio (DPR) is presently 3.02%.

Insider Buying and Selling at Pathward Financial

In other news, CFO Greg Sigrist sold 2,250 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.60, for a total value of $181,350.00. Following the sale, the chief financial officer now directly owns 9,644 shares of the company's stock, valued at $777,306.40. This represents a 18.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.