Mawer Investment Management Ltd. Buys 7,049 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Mawer Investment Management Ltd. increased its position in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 225,815 shares of the savings and loans company's stock after acquiring an additional 7,049 shares during the period. Mawer Investment Management Ltd. owned approximately 0.90% of Pathward Financial worth $14,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CASH. Financial Management Professionals Inc. bought a new stake in shares of Pathward Financial during the 3rd quarter worth about $29,000. Opal Wealth Advisors LLC acquired a new stake in Pathward Financial in the second quarter worth approximately $25,000. Quarry LP boosted its stake in Pathward Financial by 419.0% during 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. Gladius Capital Management LP bought a new stake in Pathward Financial in the second quarter worth about $31,000. Finally, USA Financial Formulas acquired a new stake in Pathward Financial during the third quarter valued at approximately $56,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CASH has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on Pathward Financial from $58.00 to $67.00 and gave the company a "market perform" rating in a research report on Thursday, July 25th. Piper Sandler boosted their price objective on Pathward Financial from $75.00 to $82.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th.

Pathward Financial Stock Down 0.5 %

Shares of CASH traded down $0.43 during mid-day trading on Monday, reaching $79.20. The company's stock had a trading volume of 255,918 shares, compared to its average volume of 181,460. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 12.01 and a beta of 0.67. The business has a fifty day moving average of $70.83 and a 200 day moving average of $63.32. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 1 year low of $46.68 and a 1 year high of $83.83.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced 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. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The firm had revenue of $167.90 million during the quarter, compared to the consensus estimate of $167.20 million. During the same period in the prior year, the business earned $1.36 EPS. The business's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts forecast that Pathward Financial, Inc. will post 7.05 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

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

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of the business's stock in a transaction that occurred 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 directly owns 30,046 shares of the company's stock, valued at $1,995,054.40. The trade was a 9.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Greg Sigrist sold 2,250 shares of Pathward Financial 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 sale, the chief financial officer now directly owns 9,644 shares of the company's stock, valued at approximately $777,306.40. The trade was a 18.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,350 shares of company stock valued at $517,010 in the last quarter. Company insiders own 0.72% of the company's stock.

About Pathward Financial

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.