Pathward Financial, Inc. (NASDAQ:CASH) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. reduced its stake in Pathward Financial, Inc. (NASDAQ:CASHFree Report) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,886 shares of the savings and loans company’s stock after selling 29,711 shares during the period. Epoch Investment Partners Inc.’s holdings in Pathward Financial were worth $13,226,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CASH. Kennicott Capital Management LLC acquired a new position in Pathward Financial during the 4th quarter valued at approximately $35,000. Cottage Street Advisors LLC lifted its stake in Pathward Financial by 60.9% in the fourth quarter. Cottage Street Advisors LLC now owns 2,114 shares of the savings and loans company’s stock valued at $112,000 after buying an additional 800 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Pathward Financial by 24.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,535 shares of the savings and loans company’s stock valued at $134,000 after acquiring an additional 500 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Pathward Financial during the third quarter worth about $152,000. Finally, Duality Advisers LP acquired a new stake in shares of Pathward Financial in the 4th quarter worth about $203,000. 92.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their target price on shares of Pathward Financial from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Friday, April 5th.

Read Our Latest Stock Analysis on Pathward Financial

Pathward Financial Stock Performance

Pathward Financial stock traded up $0.10 during mid-day trading on Friday, hitting $54.40. 93,837 shares of the company’s stock traded hands, compared to its average volume of 132,763. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.05. Pathward Financial, Inc. has a one year low of $41.79 and a one year high of $60.49. The firm has a 50 day moving average price of $52.13 and a 200 day moving average price of $51.48. The company has a market cap of $1.37 billion, a PE ratio of 8.17 and a beta of 0.68.

Pathward Financial (NASDAQ:CASHGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The savings and loans company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.19. The business had revenue of $247.25 million for the quarter, compared to analysts’ expectations of $240.46 million. Pathward Financial had a net margin of 22.90% and a return on equity of 25.09%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.18 earnings per share. On average, equities analysts forecast that Pathward Financial, Inc. will post 6.43 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Tuesday, June 11th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Tuesday, June 11th. Pathward Financial’s dividend payout ratio is currently 3.00%.

Insider Activity

In related news, President Anthony M. Sharett sold 1,000 shares of the business’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 sale, the president now owns 33,146 shares of the company’s stock, valued at $1,574,435. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Kendall E. Stork sold 2,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 11,213 shares in the company, valued at approximately $600,231.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Anthony M. Sharett sold 1,000 shares of the firm’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 sale, the president now owns 33,146 shares of the company’s stock, valued at $1,574,435. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Pathward Financial 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.

See Also

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

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