Bridgeway Capital Management LLC Sells 9,572 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Bridgeway Capital Management LLC reduced its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,131 shares of the savings and loans company’s stock after selling 9,572 shares during the quarter. Bridgeway Capital Management LLC owned about 0.36% of Pathward Financial worth $6,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in Pathward Financial by 302.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock valued at $41,000 after purchasing an additional 414 shares during the period. Sterling Capital Management LLC increased its position in shares of Pathward Financial by 726.8% in the 4th quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company’s stock valued at $43,000 after buying an additional 516 shares in the last quarter. KBC Group NV raised its stake in Pathward Financial by 45.8% during the 4th quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock worth $104,000 after buying an additional 445 shares during the period. Bank of Montreal Can bought a new position in Pathward Financial during the fourth quarter worth about $201,000. Finally, AXA S.A. acquired a new position in Pathward Financial in the fourth quarter valued at about $203,000. 92.66% of the stock is owned by institutional investors.

Pathward Financial Trading Down 0.6 %

Shares of NASDAQ:CASH opened at $81.35 on Wednesday. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 11.86 and a beta of 0.64. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 12 month low of $51.97 and a 12 month high of $86.00. The company’s fifty day simple moving average is $73.48 and its 200 day simple moving average is $76.39.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.40. The company had revenue of $262.90 million for the quarter, compared to analyst estimates of $256.30 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. During the same period in the previous year, the company posted $2.56 earnings per share. As a group, research analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial’s dividend payout ratio (DPR) is currently 2.70%.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price objective on Pathward Financial from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, April 23rd.

Insider Activity

In other news, Director Kendall E. Stork sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $79.33, for a total value of $317,320.00. Following the completion of the transaction, the director now owns 6,153 shares in the company, valued at $488,117.49. This trade represents a 39.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brett L. Pharr sold 10,365 shares of Pathward Financial stock in a transaction dated Friday, April 25th. The shares were 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 in the company, valued at approximately $5,445,382.50. This represents a 12.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,882 shares of company stock worth $1,403,123 over the last ninety days. Insiders own 1.23% of the company’s stock.

About Pathward Financial

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.