Pathward Financial, Inc. (NASDAQ:CASH) Stock Position Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,824 shares of the savings and loans company’s stock after selling 614 shares during the quarter. Yousif Capital Management LLC’s holdings in Pathward Financial were worth $644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CASH. Revolve Wealth Partners LLC bought a new position in shares of Pathward Financial during the 4th quarter worth about $267,437,000. Principal Financial Group Inc. increased its stake in Pathward Financial by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 120,731 shares of the savings and loans company’s stock valued at $8,883,000 after acquiring an additional 2,816 shares during the period. Handelsbanken Fonder AB raised its holdings in Pathward Financial by 17.0% in the 4th quarter. Handelsbanken Fonder AB now owns 6,200 shares of the savings and loans company’s stock valued at $456,000 after acquiring an additional 900 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Pathward Financial by 302.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock valued at $41,000 after acquiring an additional 414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Pathward Financial by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,455 shares of the savings and loans company’s stock worth $24,388,000 after acquiring an additional 3,042 shares during the period. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Performance

Shares of Pathward Financial stock opened at $73.12 on Friday. The stock’s fifty day simple moving average is $77.40 and its 200 day simple moving average is $76.47. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.74 billion, a PE ratio of 9.87 and a beta of 0.63. Pathward Financial, Inc. has a 12 month low of $53.98 and a 12 month high of $86.00.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.40. Pathward Financial had a net margin of 22.69% and a return on equity of 22.50%. The firm had revenue of $262.90 million for the quarter, compared to analyst estimates of $256.30 million. During the same period in the previous year, the business earned $2.56 EPS. On average, research analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Friday, June 13th. Pathward Financial’s dividend payout ratio is 2.70%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price on shares of Pathward Financial from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, April 23rd.

Insider Activity at Pathward Financial

In related news, CEO Brett L. Pharr sold 10,365 shares of the business’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $78.07, for a total value of $809,195.55. Following the completion of the sale, the chief executive officer now directly owns 69,750 shares of the company’s stock, valued at $5,445,382.50. The trade was a 12.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jennifer W. Warren sold 1,667 shares of Pathward Financial stock in a transaction on Friday, April 25th. The shares were sold at an average price of $77.97, for a total transaction of $129,975.99. Following the completion of the sale, the chief accounting officer now directly owns 5,019 shares of the company’s stock, valued at approximately $391,331.43. The trade was a 24.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,882 shares of company stock valued at $1,403,123 in the last quarter. Insiders own 1.23% of the company’s stock.

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.