Pathward Financial, Inc. (NASDAQ:CASH) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 1,528,223 shares of the savings and loans company’s stock after purchasing an additional 9,536 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of Pathward Financial worth $80,890,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of Pathward Financial by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,798 shares of the savings and loans company’s stock valued at $14,002,000 after purchasing an additional 3,733 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Pathward Financial in the third quarter valued at approximately $968,000. Stifel Financial Corp raised its holdings in Pathward Financial by 981.5% during the third quarter. Stifel Financial Corp now owns 98,040 shares of the savings and loans company’s stock worth $4,519,000 after purchasing an additional 88,975 shares in the last quarter. Vinva Investment Management Ltd raised its holdings in Pathward Financial by 1.4% during the third quarter. Vinva Investment Management Ltd now owns 70,819 shares of the savings and loans company’s stock worth $3,264,000 after purchasing an additional 953 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Pathward Financial by 47.6% during the 4th quarter. Teacher Retirement System of Texas now owns 24,599 shares of the savings and loans company’s stock worth $1,302,000 after buying an additional 7,934 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CASH. Piper Sandler cut their price target on shares of Pathward Financial from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reduced their target price 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.

Insider Buying and Selling at Pathward Financial

In other news, President Anthony M. Sharett sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of 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 Securities & Exchange Commission, which is available through the SEC website. In other news, Director Kendall E. Stork sold 2,000 shares of Pathward Financial stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $53.53, for a total value of $107,060.00. Following the sale, the director now owns 11,213 shares of the company’s stock, valued at $600,231.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Anthony M. Sharett sold 1,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $47.50, for a total transaction of $47,500.00. Following the transaction, the president now directly owns 33,146 shares of the company’s stock, valued at $1,574,435. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Pathward Financial Stock Performance

Shares of CASH opened at $55.00 on Friday. The company’s 50 day simple moving average is $51.14 and its 200-day simple moving average is $51.10. The firm has a market cap of $1.39 billion, a PE ratio of 8.26 and a beta of 0.66. Pathward Financial, Inc. has a 12-month low of $41.79 and a 12-month high of $60.49. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

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 the consensus estimate of $2.37 by $0.19. Pathward Financial had a net margin of 22.90% and a return on equity of 25.09%. The company had revenue of $247.25 million for the quarter, compared to the consensus estimate of $240.46 million. During the same period last year, the firm posted $2.18 EPS. Pathward Financial’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities analysts predict that Pathward Financial, Inc. will post 6.43 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Tuesday, June 11th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. Pathward Financial’s payout ratio is 3.00%.

Pathward Financial Company 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.