JPMorgan Chase & Co. Has $24.68 Million Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

JPMorgan Chase & Co. reduced its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 373,907 shares of the savings and loans company's stock after selling 17,668 shares during the period. JPMorgan Chase & Co. owned approximately 1.55% of Pathward Financial worth $24,682,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in shares of Pathward Financial during the third quarter worth $476,000. Foundry Partners LLC increased its holdings in Pathward Financial by 59.3% during the 3rd quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company's stock worth $8,678,000 after purchasing an additional 48,917 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Pathward Financial by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company's stock valued at $46,206,000 after purchasing an additional 18,936 shares during the period. Algert Global LLC lifted its holdings in shares of Pathward Financial by 83.1% in the second quarter. Algert Global LLC now owns 80,376 shares of the savings and loans company's stock valued at $4,547,000 after purchasing an additional 36,475 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Pathward Financial during the third quarter worth about $725,000. Institutional investors own 92.66% of the company's stock.

Analyst Upgrades and Downgrades

CASH has been the topic of several research reports. Keefe, Bruyette & Woods boosted their target price 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 boosted their price objective on shares of Pathward Financial from $82.00 to $94.00 and gave the stock an "overweight" rating in a research report on Monday, December 23rd.

Insider Activity at Pathward Financial

In other Pathward Financial 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 transaction of $181,350.00. Following the completion of the sale, the chief financial officer now owns 9,644 shares of the company's stock, valued at $777,306.40. This trade represents a 18.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Pathward Financial Stock Up 0.0 %

CASH traded up $0.03 on Thursday, hitting $74.48. 182,928 shares of the company were exchanged, compared to its average volume of 184,926. The stock's fifty day moving average is $78.65 and its 200-day moving average is $69.97. 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 company has a market cap of $1.80 billion, a PE ratio of 11.23 and a beta of 0.72.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $167.20 million. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS. Equities research analysts predict that Pathward Financial, Inc. will post 7.05 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

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

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.