RMR Wealth Builders Boosts Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

RMR Wealth Builders increased its holdings in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 88.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,406 shares of the savings and loans company's stock after purchasing an additional 18,947 shares during the period. RMR Wealth Builders owned approximately 0.17% of Pathward Financial worth $2,973,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of Pathward Financial by 419.0% in the 2nd quarter. Quarry LP now owns 519 shares of the savings and loans company's stock worth $29,000 after purchasing an additional 419 shares during the period. Financial Management Professionals Inc. bought a new stake in Pathward Financial in the third quarter worth $29,000. Point72 DIFC Ltd purchased a new position in Pathward Financial during the third quarter worth $35,000. USA Financial Formulas bought a new position in Pathward Financial during the third quarter valued at $56,000. Finally, nVerses Capital LLC purchased a new stake in shares of Pathward Financial in the third quarter valued at $79,000. Hedge funds and other institutional investors own 92.66% of the company's stock.

Pathward Financial Trading Down 3.1 %

Shares of NASDAQ:CASH traded down $2.28 on Friday, hitting $72.20. 179,254 shares of the company's stock were exchanged, compared to its average volume of 192,309. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.89 and a beta of 0.72. 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 current ratio of 0.74 and a quick ratio of 0.63. The business's 50 day simple moving average is $78.67 and its two-hundred day simple moving average is $70.08.

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 for the quarter, beating analysts' consensus estimates of $1.27 by $0.08. The company had revenue of $167.90 million during the quarter, compared to analyst estimates of $167.20 million. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. Analysts anticipate that Pathward Financial, Inc. will post 7.05 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were paid a $0.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.20 annualized dividend and a yield of 0.28%. Pathward Financial's dividend payout ratio (DPR) is currently 3.02%.

Analyst Ratings Changes

CASH has been the subject of a number of recent analyst reports. Piper Sandler lifted their price target on shares of Pathward Financial from $82.00 to $94.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. Keefe, Bruyette & Woods upped 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.

Insiders Place Their Bets

In other news, CFO Greg Sigrist sold 2,250 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.60, for a total value 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 approximately $777,306.40. This represents a 18.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by company insiders.

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.