SG Americas Securities LLC Sells 13,496 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

SG Americas Securities LLC cut its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 81.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,121 shares of the savings and loans company’s stock after selling 13,496 shares during the period. SG Americas Securities LLC’s holdings in Pathward Financial were worth $165,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CASH. Quantbot Technologies LP bought a new position in shares of Pathward Financial in the first quarter valued at approximately $34,000. Quarry LP bought a new position in Pathward Financial during the second quarter valued at $35,000. Carmel Capital Partners LLC bought a new position in Pathward Financial during the third quarter valued at $36,000. Tower Research Capital LLC TRC grew its holdings in Pathward Financial by 65.0% during the third quarter. Tower Research Capital LLC TRC now owns 942 shares of the savings and loans company’s stock valued at $43,000 after purchasing an additional 371 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Pathward Financial during the second quarter valued at $47,000. 92.66% of the stock is owned by institutional investors.

Pathward Financial Trading Up 0.4 %

NASDAQ:CASH opened at $48.70 on Tuesday. The company has a market cap of $1.24 billion, a P/E ratio of 8.00 and a beta of 0.71. The stock’s fifty day moving average price is $50.15 and its two-hundred day moving average price is $49.94. Pathward Financial, Inc. has a 1 year low of $39.90 and a 1 year high of $60.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.72 and a quick ratio of 0.71.

Pathward Financial (NASDAQ:CASH) last posted its earnings results on Wednesday, January 24th. The savings and loans company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.17). The company had revenue of $162.80 million for the quarter, compared to analysts’ expectations of $166.45 million. Pathward Financial had a return on equity of 24.97% and a net margin of 22.22%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. As a group, analysts expect that Pathward Financial, Inc. will post 6.32 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were given a dividend of $0.05 per share. The ex-dividend date was Monday, March 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. Pathward Financial’s dividend payout ratio is currently 3.28%.

Insiders Place Their Bets

In other Pathward Financial news, President Anthony M. Sharett sold 1,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.50, for a total transaction of $47,500.00. Following the sale, the president now owns 33,146 shares in the company, valued at $1,574,435. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Piper Sandler reduced their price objective on Pathward Financial from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Keefe, Bruyette & Woods reduced their price objective on Pathward Financial from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Friday, April 5th.

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.