UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 324,849 shares of the savings and loans company's stock after selling 28,395 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.30% of Pathward Financial worth $21,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. increased its position in shares of Pathward Financial by 103.3% during the 2nd 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 purchasing an additional 75,792 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Pathward Financial during the third quarter worth $476,000. Foundry Partners LLC lifted its holdings in shares of Pathward Financial by 59.3% in 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 last quarter. Algert Global LLC grew its holdings in Pathward Financial by 83.1% during the 2nd quarter. Algert Global LLC now owns 80,376 shares of the savings and loans company's stock valued at $4,547,000 after purchasing an additional 36,475 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Pathward Financial by 2.5% in the 2nd 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 during the period. Hedge funds and other institutional investors own 92.66% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Piper Sandler boosted 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 price objective on Pathward Financial from $76.00 to $90.00 and gave the company a "market perform" rating in a report on Wednesday.

Pathward Financial Trading Up 1.3 %

CASH stock traded up $1.06 during trading on Friday, hitting $84.60. The company had a trading volume of 147,345 shares, compared to its average volume of 180,744. Pathward Financial, Inc. has a 52-week low of $46.68 and a 52-week high of $86.00. The company has a 50 day simple moving average of $75.71 and a 200-day simple moving average of $66.20. The firm has a market capitalization of $2.04 billion, a P/E ratio of 12.76 and a beta of 0.69. 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 (NASDAQ:CASH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.08. The business had revenue of $167.90 million for 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 company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $1.36 earnings per share. As a group, research analysts forecast that Pathward Financial, Inc. will post 7.05 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

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

Insider Transactions at Pathward Financial

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. Also, Director Douglas J. Hajek sold 2,000 shares of Pathward Financial stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $64.91, for a total transaction of $129,820.00. Following the transaction, the director now directly owns 19,531 shares in the company, valued at approximately $1,267,757.21. The trade was a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,350 shares of company stock valued at $517,010. 0.72% of the stock is currently owned by corporate 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.