Pathward Financial, Inc. $CASH Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC trimmed its position in Pathward Financial, Inc. (NASDAQ:CASH) by 31.1% in the second quarter, Holdings Channel reports. The firm owned 6,547 shares of the savings and loans company’s stock after selling 2,962 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Pathward Financial were worth $518,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC bought a new position in Pathward Financial in the first quarter worth about $235,000. Allspring Global Investments Holdings LLC lifted its holdings in Pathward Financial by 1,023.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 78,437 shares of the savings and loans company’s stock worth $5,799,000 after acquiring an additional 71,458 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Pathward Financial by 2.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 235,005 shares of the savings and loans company’s stock worth $17,144,000 after acquiring an additional 6,305 shares during the last quarter. SG Americas Securities LLC bought a new position in Pathward Financial in the first quarter worth about $572,000. Finally, GAMMA Investing LLC lifted its holdings in Pathward Financial by 8,971.9% in the first quarter. GAMMA Investing LLC now owns 45,813 shares of the savings and loans company’s stock worth $3,342,000 after acquiring an additional 45,308 shares during the last quarter. Institutional investors own 92.66% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their target price on shares of Pathward Financial from $86.00 to $88.00 and gave the stock a “market perform” rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Pathward Financial Price Performance

NASDAQ CASH opened at $77.31 on Tuesday. Pathward Financial, Inc. has a 12 month low of $62.79 and a 12 month high of $86.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.77. The firm has a market capitalization of $1.76 billion, a PE ratio of 10.23 and a beta of 0.64. The company’s 50 day simple moving average is $77.35 and its 200 day simple moving average is $76.69.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings data on Monday, July 28th. The savings and loans company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.24. Pathward Financial had a net margin of 22.23% and a return on equity of 22.53%. The business had revenue of $195.80 million for the quarter, compared to analyst estimates of $184.80 million. During the same quarter last year, the business earned $1.66 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities research analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. Pathward Financial’s dividend payout ratio is currently 2.65%.

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.