New York State Common Retirement Fund Raises Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

New York State Common Retirement Fund increased its position in Pathward Financial, Inc. (NASDAQ:CASH) by 2.3% in the 4th quarter, HoldingsChannel reports. The fund owned 36,290 shares of the savings and loans company’s stock after purchasing an additional 819 shares during the period. New York State Common Retirement Fund’s holdings in Pathward Financial were worth $1,921,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CASH. Duality Advisers LP purchased a new position in shares of Pathward Financial in the fourth quarter worth about $203,000. Carmel Capital Partners LLC raised its holdings in Pathward Financial by 523.4% during the 4th quarter. Carmel Capital Partners LLC now owns 4,831 shares of the savings and loans company’s stock valued at $256,000 after acquiring an additional 4,056 shares during the period. Phocas Financial Corp. lifted its position in shares of Pathward Financial by 1.8% during the fourth quarter. Phocas Financial Corp. now owns 193,943 shares of the savings and loans company’s stock worth $10,265,000 after acquiring an additional 3,383 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Pathward Financial in the fourth quarter worth $693,000. Finally, Moody Aldrich Partners LLC grew its position in shares of Pathward Financial by 41.1% in the fourth quarter. Moody Aldrich Partners LLC now owns 127,316 shares of the savings and loans company’s stock valued at $6,739,000 after purchasing an additional 37,116 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CASH has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their price objective on Pathward Financial from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Piper Sandler lowered their price target on shares of Pathward Financial from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th.

Insider Activity at Pathward Financial

In other Pathward Financial news, President Anthony M. Sharett sold 1,000 shares of Pathward Financial stock in a transaction that occurred on 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 sale, the president now directly owns 33,146 shares in the company, valued at $1,574,435. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Kendall E. Stork sold 2,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $53.53, for a total transaction of $107,060.00. Following the transaction, the director now directly owns 11,213 shares in the company, valued at approximately $600,231.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $47,500.00. Following the transaction, the president now directly owns 33,146 shares in the company, valued at $1,574,435. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Pathward Financial Stock Up 0.2 %

Shares of NASDAQ:CASH opened at $53.99 on Thursday. The firm has a fifty day moving average price of $50.23 and a two-hundred day moving average price of $50.45. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 8.11 and a beta of 0.66. 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 one year low of $41.79 and a one year high of $60.49.

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

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Monday, March 11th. Pathward Financial’s dividend payout ratio (DPR) is 3.00%.

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.