Harbor Capital Advisors Inc. Sells 827 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Harbor Capital Advisors Inc. trimmed its stake in Pathward Financial, Inc. (NASDAQ:CASHFree Report) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,666 shares of the savings and loans company’s stock after selling 827 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Pathward Financial were worth $490,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CASH. The Manufacturers Life Insurance Company boosted its holdings in shares of 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 valued at $724,000 after buying an additional 315 shares during the last quarter. HighTower Advisors LLC raised its position in Pathward Financial by 7.0% during the third quarter. HighTower Advisors LLC now owns 6,032 shares of the savings and loans company’s stock worth $397,000 after acquiring an additional 393 shares in the last quarter. Quarry LP lifted its stake in Pathward Financial by 419.0% in the second quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock valued at $29,000 after acquiring an additional 419 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Pathward Financial in the 3rd quarter valued at about $29,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Pathward Financial during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Wall Street Analyst Weigh In

CASH has been the subject of several recent analyst reports. Piper Sandler raised their target price on shares of Pathward Financial from $82.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Keefe, Bruyette & Woods raised their price objective on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Check Out Our Latest Report on CASH

Pathward Financial Price Performance

NASDAQ:CASH opened at $75.68 on Wednesday. The company has a market cap of $1.83 billion, a P/E ratio of 11.41 and a beta of 0.72. The firm’s fifty day moving average price is $78.78 and its two-hundred day moving average price is $70.54. Pathward Financial, Inc. has a one year low of $46.68 and a one year high of $86.00. 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:CASHGet Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, beating 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%. Pathward Financial’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 EPS. Equities analysts expect that Pathward Financial, Inc. will post 7.05 earnings per share for the current year.

Pathward Financial Announces Dividend

The company also recently disclosed 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 payout ratio is 3.02%.

Insider Buying and Selling

In other news, CFO Greg Sigrist sold 2,250 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following the completion of the sale, the chief financial officer now directly owns 9,644 shares in the company, valued at approximately $777,306.40. This represents a 18.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by insiders.

Pathward Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pathward Financial (NASDAQ:CASH)

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