7,214 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,214 shares of the savings and loans company's stock, valued at approximately $476,000.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in Pathward Financial by 11.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,498 shares of the savings and loans company's stock valued at $278,000 after buying an additional 556 shares during the period. ProShare Advisors LLC raised its stake in shares of Pathward Financial by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 5,247 shares of the savings and loans company's stock valued at $265,000 after acquiring an additional 346 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Pathward Financial by 43.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,963 shares of the savings and loans company's stock worth $553,000 after acquiring an additional 3,310 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Pathward Financial by 4.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 36,353 shares of the savings and loans company's stock worth $1,834,000 after purchasing an additional 1,572 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in Pathward Financial in the 1st quarter valued at approximately $59,000. Institutional investors and hedge funds own 92.66% of the company's stock.

Pathward Financial Stock Down 0.5 %

Shares of CASH stock traded down $0.43 during trading on Friday, reaching $79.63. The company's stock had a trading volume of 143,075 shares, compared to its average volume of 206,609. Pathward Financial, Inc. has a 1-year low of $46.68 and a 1-year high of $83.83. The stock's 50-day moving average price is $70.83 and its 200 day moving average price is $63.23. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 12.01 and a beta of 0.67. 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 posted its quarterly 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%. The company's quarterly 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 earnings per share. On average, research analysts anticipate that Pathward Financial, Inc. will post 7.05 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Tuesday, September 10th. Pathward Financial's dividend payout ratio is currently 3.02%.

Analyst Ratings Changes

A number of research firms have commented on CASH. Piper Sandler upped their price target on Pathward Financial from $75.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $58.00 to $67.00 and gave the stock a "market perform" rating in a research note on Thursday, July 25th.

Insider Activity

In related news, CFO Greg Sigrist sold 2,250 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $80.60, for a total transaction of $181,350.00. Following the completion of the transaction, the chief financial officer now owns 9,644 shares in the company, valued at approximately $777,306.40. The trade was a 18.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Anthony M. Sharett sold 3,100 shares of the firm's stock in a transaction on 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 approximately $1,995,054.40. This represents a 9.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,350 shares of company stock worth $517,010. 0.72% of the stock is currently owned by company 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.