Jane Street Group LLC Purchases 18,675 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Jane Street Group LLC boosted its holdings in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 62.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,713 shares of the savings and loans company's stock after buying an additional 18,675 shares during the period. Jane Street Group LLC owned approximately 0.20% of Pathward Financial worth $3,216,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mawer Investment Management Ltd. acquired a new stake in Pathward Financial during the second quarter worth about $12,376,000. F M Investments LLC bought a new stake in shares of Pathward Financial during the second quarter valued at approximately $10,784,000. FMR LLC increased its position in shares of 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 period. American Century Companies Inc. raised its stake in shares of 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 bought a new position in Pathward Financial in the second quarter worth $4,669,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on CASH shares. Piper Sandler boosted their price target on shares of Pathward Financial from $75.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on shares of Pathward Financial from $76.00 to $90.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th.

Pathward Financial Price Performance

Shares of Pathward Financial stock traded down $0.46 during midday trading on Friday, hitting $73.62. 838,671 shares of the company were exchanged, compared to its average volume of 185,839. The firm has a 50 day simple moving average of $78.09 and a 200-day simple moving average of $68.08. Pathward Financial, Inc. has a 52 week low of $46.68 and a 52 week high of $86.00. The firm has a market cap of $1.78 billion, a P/E ratio of 11.10 and a beta of 0.69. 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 (NASDAQ:CASH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, beating 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%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. Research analysts forecast that Pathward Financial, Inc. will post 7.05 earnings per share for the current year.

Pathward Financial Dividend Announcement

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

Insider Activity

In other news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following the sale, the chief financial officer now owns 9,644 shares in the company, valued at approximately $777,306.40. This 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. 0.72% of the stock is currently owned by corporate insiders.

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.