Pathward Financial, Inc. (NASDAQ:CASH) Shares Acquired by RMR Wealth Builders

RMR Wealth Builders boosted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 88.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 40,406 shares of the savings and loans company's stock after buying 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.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in Pathward Financial during the third quarter worth $476,000. Foundry Partners LLC lifted its position in Pathward Financial by 59.3% during the 3rd quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company's stock worth $8,678,000 after acquiring an additional 48,917 shares during the period. Geode Capital Management LLC increased its holdings in shares of Pathward Financial by 2.8% in the third quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company's stock valued at $46,206,000 after purchasing an additional 18,936 shares during the period. Algert Global LLC boosted its position in 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 valued at $4,547,000 after buying an additional 36,475 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in Pathward Financial during the 3rd quarter worth approximately $725,000. Hedge funds and other institutional investors own 92.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Piper Sandler lifted their price target on Pathward Financial from $82.00 to $94.00 and gave the company an "overweight" rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods lifted their price objective on Pathward Financial from $76.00 to $90.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th.

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of the firm's stock in a transaction 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 sale, the chief financial officer now owns 9,644 shares of the company's stock, valued at approximately $777,306.40. This trade represents a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.

Pathward Financial Trading Down 0.1 %

CASH traded down $0.08 during trading hours on Thursday, reaching $77.19. The company's stock had a trading volume of 89,967 shares, compared to its average volume of 175,207. Pathward Financial, Inc. has a fifty-two week low of $46.68 and a fifty-two week high of $86.00. The business's 50-day moving average is $78.71 and its 200-day moving average is $70.59. The stock has a market cap of $1.86 billion, a PE ratio of 11.63 and a beta of 0.72. 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 released its earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.08. The company had revenue of $167.90 million during the quarter, compared to the consensus estimate of $167.20 million. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. Pathward Financial's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 EPS. As a group, equities research analysts predict that Pathward Financial, Inc. will post 7.29 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.26%. The ex-dividend date was Tuesday, December 10th. Pathward Financial's dividend payout ratio (DPR) is 3.02%.

Pathward Financial 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.