Inspire Investing LLC Acquires New Stake in Pathward Financial, Inc. (NASDAQ:CASH)

Inspire Investing LLC purchased a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,088 shares of the savings and loans company’s stock, valued at approximately $816,000.

Other institutional investors have also bought and sold shares of the company. Quarry LP boosted its position in Pathward Financial by 419.0% during 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 stake in Pathward Financial during the third quarter valued at $29,000. Point72 DIFC Ltd bought a new stake in Pathward Financial during the third quarter valued at $35,000. USA Financial Formulas bought a new stake in Pathward Financial during the third quarter valued at $56,000. Finally, nVerses Capital LLC bought a new stake in Pathward Financial during the third quarter valued at $79,000. Institutional investors own 92.66% of the company’s stock.

Insider Activity at Pathward Financial

In related news, CFO Greg Sigrist sold 2,250 shares of Pathward Financial stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.60, for a total value of $181,350.00. Following the completion of the transaction, the chief financial officer now directly owns 9,644 shares in the company, valued at approximately $777,306.40. The trade was a 18.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CASH shares. Keefe, Bruyette & Woods increased their price objective on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler cut their price objective on shares of Pathward Financial from $94.00 to $91.00 and set an “overweight” rating on the stock in a research report on Wednesday.

Pathward Financial Trading Up 1.1 %

NASDAQ:CASH opened at $79.77 on Friday. The firm has a 50-day moving average price of $78.42 and a two-hundred day moving average price of $71.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.77. Pathward Financial, Inc. has a 52 week low of $46.68 and a 52 week high of $86.00. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 11.63 and a beta of 0.72.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The company had revenue of $173.51 million during the quarter, compared to analyst estimates of $173,273.50 billion. During the same quarter last year, the business posted $1.06 EPS. Pathward Financial’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were paid a $0.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Pathward Financial’s dividend payout ratio is 2.92%.

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.