GSA Capital Partners LLP Buys 17,111 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

GSA Capital Partners LLP raised its stake in Pathward Financial, Inc. (NASDAQ:CASH) by 108.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,878 shares of the savings and loans company’s stock after acquiring an additional 17,111 shares during the period. GSA Capital Partners LLP owned about 0.13% of Pathward Financial worth $1,660,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Kennicott Capital Management LLC acquired a new stake in shares of Pathward Financial in the 4th quarter valued at $35,000. Cottage Street Advisors LLC boosted its position 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 in the last quarter. Nisa Investment Advisors LLC grew its stake in 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 worth $134,000 after buying an additional 500 shares during the last quarter. Duality Advisers LP acquired a new stake in shares of Pathward Financial during the fourth quarter worth approximately $203,000. Finally, Carmel Capital Partners LLC raised its stake in shares of Pathward Financial by 523.4% in the fourth quarter. Carmel Capital Partners LLC now owns 4,831 shares of the savings and loans company’s stock valued at $256,000 after acquiring an additional 4,056 shares during the last quarter. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Pathward Financial Price Performance

Shares of Pathward Financial stock traded up $0.71 during trading on Wednesday, reaching $58.47. The company’s stock had a trading volume of 9,631 shares, compared to its average volume of 172,511. Pathward Financial, Inc. has a one year low of $41.79 and a one year high of $60.49. The stock has a 50-day moving average price of $54.34 and a two-hundred day moving average price of $52.05. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.48 billion, a P/E ratio of 8.67 and a beta of 0.68.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, April 24th. The savings and loans company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.19. Pathward Financial had a net margin of 22.90% and a return on equity of 25.09%. The company had revenue of $247.25 million during the quarter, compared to the consensus estimate of $240.46 million. During the same period in the previous year, the firm posted $2.18 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Pathward Financial, Inc. will post 6.47 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Tuesday, June 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Tuesday, June 11th. Pathward Financial’s dividend payout ratio is 3.00%.

Insider Buying and Selling at Pathward Financial

In other news, Director Kendall E. Stork sold 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $53.53, for a total transaction of $107,060.00. Following the transaction, the director now owns 11,213 shares of the company’s stock, valued at $600,231.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their price target on Pathward Financial from $60.00 to $58.00 and set a “market perform” rating on the stock in a research report on Friday, April 5th.

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.