Algert Global LLC Has $7.49 Million Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

Algert Global LLC grew its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 41.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,484 shares of the savings and loans company’s stock after buying an additional 33,108 shares during the period. Algert Global LLC owned 0.45% of Pathward Financial worth $7,491,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CASH. Charles Schwab Investment Management Inc. increased its stake in shares of Pathward Financial by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 328,413 shares of the savings and loans company’s stock worth $21,679,000 after purchasing an additional 1,733 shares during the period. Foundry Partners LLC increased its stake in Pathward Financial by 59.3% during the 3rd quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company’s stock worth $8,678,000 after acquiring an additional 48,917 shares during the period. Intech Investment Management LLC increased its stake in Pathward Financial by 5.3% during the 3rd quarter. Intech Investment Management LLC now owns 11,453 shares of the savings and loans company’s stock worth $756,000 after acquiring an additional 579 shares during the period. Mawer Investment Management Ltd. increased its stake in Pathward Financial by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 225,815 shares of the savings and loans company’s stock worth $14,906,000 after acquiring an additional 7,049 shares during the period. Finally, LMR Partners LLP bought a new position in Pathward Financial during the 3rd quarter worth $206,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised their price objective on Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th.

Insider Activity at Pathward Financial

In other Pathward Financial news, Director Douglas J. Hajek sold 2,000 shares of Pathward Financial stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $64.91, for a total transaction of $129,820.00. Following the transaction, the director now directly owns 19,531 shares of the company’s stock, valued at approximately $1,267,757.21. The trade was a 9.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Anthony M. Sharett sold 3,100 shares of Pathward Financial stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $66.40, for a total value of $205,840.00. Following the transaction, the president now directly owns 30,046 shares in the company, valued at $1,995,054.40. The trade was a 9.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,350 shares of company stock valued at $517,010 in the last 90 days. 0.72% of the stock is owned by corporate insiders.

Pathward Financial Trading Up 2.6 %

Shares of CASH opened at $82.90 on Friday. Pathward Financial, Inc. has a 52-week low of $46.68 and a 52-week high of $83.83. The business’s fifty day moving average is $72.24 and its 200-day moving average is $64.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.74. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 12.50 and a beta of 0.67.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.08. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The company had revenue of $167.90 million for the quarter, compared to analyst estimates of $167.20 million. During the same quarter last year, the company posted $1.36 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Pathward Financial, Inc. will post 7.05 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Tuesday, December 10th. Pathward Financial’s dividend payout ratio (DPR) is 3.02%.

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.