Quadrature Capital Ltd Sells 8,142 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Quadrature Capital Ltd lowered its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 49.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,167 shares of the savings and loans company's stock after selling 8,142 shares during the quarter. Quadrature Capital Ltd's holdings in Pathward Financial were worth $539,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CASH. Assenagon Asset Management S.A. raised its position in shares of Pathward Financial by 103.3% during the second quarter. Assenagon Asset Management S.A. now owns 149,143 shares of the savings and loans company's stock valued at $8,437,000 after buying an additional 75,792 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Pathward Financial in the 3rd quarter worth $476,000. Foundry Partners LLC grew its position in shares of Pathward Financial by 59.3% during the third quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company's stock valued at $8,678,000 after purchasing an additional 48,917 shares in the last quarter. Algert Global LLC increased 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 worth $4,547,000 after purchasing an additional 36,475 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of 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 buying an additional 315 shares in the last quarter. Institutional investors own 92.66% of the company's stock.

Pathward Financial Trading Down 2.3 %

NASDAQ CASH traded down $1.96 on Monday, hitting $82.64. 169,048 shares of the stock were exchanged, compared to its average volume of 180,694. Pathward Financial, Inc. has a 52-week low of $46.68 and a 52-week high of $86.00. The firm has a market capitalization of $1.99 billion, a P/E ratio of 12.76 and a beta of 0.69. 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 stock has a fifty day moving average price of $75.71 and a two-hundred day moving average price of $66.36.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.08. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The company had revenue of $167.90 million for the quarter, compared to analyst estimates of $167.20 million. During the same period in the prior year, the company posted $1.36 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts forecast that Pathward Financial, Inc. will post 7.05 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. Pathward Financial's payout ratio is 3.02%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CASH. Piper Sandler increased their target price on Pathward Financial from $75.00 to $82.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their target price 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, Director Douglas J. Hajek sold 2,000 shares of Pathward Financial stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $64.91, for a total value of $129,820.00. Following the completion of the sale, the director now directly owns 19,531 shares in the company, valued at $1,267,757.21. The trade was a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,350 shares of company stock worth $517,010. 0.72% of the stock is currently owned by 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.