Louisiana State Employees Retirement System Invests $693,000 in Pathward Financial, Inc. (NASDAQ:CASH)

Louisiana State Employees Retirement System acquired a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,100 shares of the savings and loans company’s stock, valued at approximately $693,000. Louisiana State Employees Retirement System owned 0.05% of Pathward Financial at the end of the most recent quarter.

Several other large investors have also modified their holdings of CASH. Moody Aldrich Partners LLC bought a new stake in shares of Pathward Financial during the 3rd quarter worth $4,157,000. Stifel Financial Corp boosted its holdings in shares of Pathward Financial by 981.5% during the 3rd quarter. Stifel Financial Corp now owns 98,040 shares of the savings and loans company’s stock worth $4,519,000 after buying an additional 88,975 shares during the period. Brandywine Global Investment Management LLC bought a new stake in shares of Pathward Financial during the 3rd quarter worth $3,519,000. Panagora Asset Management Inc. boosted its holdings in shares of Pathward Financial by 58.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 162,559 shares of the savings and loans company’s stock worth $7,492,000 after buying an additional 60,007 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in shares of Pathward Financial by 36.5% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 184,716 shares of the savings and loans company’s stock worth $8,514,000 after buying an additional 49,418 shares during the period. 92.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Pathward Financial

In other news, President Anthony M. Sharett sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $47.50, for a total transaction of $47,500.00. Following the completion of the transaction, the president now directly owns 33,146 shares of the company’s stock, valued at approximately $1,574,435. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by insiders.

Pathward Financial Price Performance

Shares of Pathward Financial stock opened at $52.14 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.71 and a quick ratio of 0.71. Pathward Financial, Inc. has a fifty-two week low of $41.34 and a fifty-two week high of $60.49. The firm has a fifty day moving average price of $50.04 and a two-hundred day moving average price of $50.13. The company has a market cap of $1.33 billion, a PE ratio of 7.83 and a beta of 0.71.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, April 24th. The savings and loans company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.19. Pathward Financial had a net margin of 22.90% and a return on equity of 25.09%. The firm had revenue of $247.25 million during the quarter, compared to the consensus estimate of $240.46 million. During the same period in the prior year, the firm earned $2.18 EPS. The business’s revenue was up 8.2% on a year-over-year basis. Analysts expect that Pathward Financial, Inc. will post 6.43 EPS for the current year.

Pathward Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Monday, March 11th. Pathward Financial’s payout ratio is 3.00%.

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.