Moody Aldrich Partners LLC Has $10.18 Million Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Moody Aldrich Partners LLC grew its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,409 shares of the savings and loans company's stock after acquiring an additional 14,292 shares during the period. Pathward Financial comprises about 1.9% of Moody Aldrich Partners LLC's investment portfolio, making the stock its 4th biggest holding. Moody Aldrich Partners LLC owned approximately 0.57% of Pathward Financial worth $10,184,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CASH. Marshall Wace LLP boosted its stake in Pathward Financial by 321.9% during the 2nd quarter. Marshall Wace LLP now owns 93,127 shares of the savings and loans company's stock valued at $5,268,000 after acquiring an additional 71,054 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Pathward Financial by 11.1% during the second quarter. Squarepoint Ops LLC now owns 16,270 shares of the savings and loans company's stock worth $920,000 after purchasing an additional 1,621 shares during the last quarter. AQR Capital Management LLC grew its stake in Pathward Financial by 146.2% in the second quarter. AQR Capital Management LLC now owns 9,939 shares of the savings and loans company's stock worth $562,000 after purchasing an additional 5,902 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Pathward Financial by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 12,803 shares of the savings and loans company's stock worth $724,000 after purchasing an additional 315 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its stake in Pathward Financial by 5.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 22,768 shares of the savings and loans company's stock valued at $1,288,000 after buying an additional 1,237 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company's stock.

Analysts Set New Price Targets

CASH has been the subject of several research reports. Piper Sandler decreased their target price on Pathward Financial from $94.00 to $91.00 and set an "overweight" rating for the company in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th.

Insider Transactions at Pathward Financial

In related news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $80.60, for a total value of $181,350.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.23% of the company's stock.

Pathward Financial Stock Performance

CASH traded down $0.71 on Friday, hitting $79.73. 194,467 shares of the company's stock were exchanged, compared to its average volume of 174,962. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $78.38 and a two-hundred day moving average of $72.28. Pathward Financial, Inc. has a twelve month low of $46.68 and a twelve month high of $86.00. The firm has a market cap of $1.92 billion, a PE ratio of 11.62 and a beta of 0.72.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.05. The business had revenue of $173.51 million for the quarter, compared to analysts' expectations of $173.27 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. During the same period in the prior year, the firm earned $1.06 EPS. The business's quarterly revenue was up 6.6% on a year-over-year basis. On average, research analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Tuesday, December 10th. Pathward Financial's dividend payout ratio (DPR) is 2.92%.

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.