RMR Wealth Builders Has $2.97 Million Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

RMR Wealth Builders lifted its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 88.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,406 shares of the savings and loans company’s stock after buying an additional 18,947 shares during the quarter. RMR Wealth Builders owned about 0.17% of Pathward Financial worth $2,973,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CASH. Los Angeles Capital Management LLC bought a new stake in Pathward Financial in the 3rd quarter valued at about $476,000. Foundry Partners LLC grew its position in Pathward Financial by 59.3% during the third quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company’s stock worth $8,678,000 after buying an additional 48,917 shares in the last quarter. Geode Capital Management LLC increased its stake in Pathward Financial by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company’s stock worth $46,206,000 after acquiring an additional 18,936 shares during the period. Algert Global LLC lifted its position in shares of Pathward Financial by 83.1% during the 2nd quarter. Algert Global LLC now owns 80,376 shares of the savings and loans company’s stock valued at $4,547,000 after acquiring an additional 36,475 shares during the period. Finally, Tidal Investments LLC acquired a new stake in shares of Pathward Financial during the 3rd quarter worth $725,000. Institutional investors own 92.66% of the company’s stock.

Insider Buying and Selling at Pathward Financial

In related news, CFO Greg Sigrist sold 2,250 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at approximately $777,306.40. This represents a 18.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Pathward Financial Price Performance

Shares of CASH stock traded down $2.28 on Friday, hitting $72.20. 179,254 shares of the company’s stock were exchanged, compared to its average volume of 191,381. Pathward Financial, Inc. has a 12 month low of $46.68 and a 12 month 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. The company has a 50 day moving average of $78.65 and a 200 day moving average of $69.97. The stock has a market cap of $1.74 billion, a P/E ratio of 10.89 and a beta of 0.72.

Pathward Financial (NASDAQ:CASH) 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 company had revenue of $167.90 million during the quarter, compared to analysts’ expectations of $167.20 million. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. Pathward Financial’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 EPS. On average, equities research analysts predict that Pathward Financial, Inc. will post 7.05 EPS for the current year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were issued a $0.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.20 annualized dividend and a yield of 0.28%. Pathward Financial’s payout ratio is 3.02%.

Wall Street Analysts Forecast Growth

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

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.