Mesirow Financial Investment Management Inc. Trims Position in Pathward Financial, Inc. (NASDAQ:CASH)

Mesirow Financial Investment Management Inc. trimmed its position in Pathward Financial, Inc. (NASDAQ:CASH) by 17.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,249 shares of the savings and loans company’s stock after selling 916 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Pathward Financial were worth $280,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CASH. Mawer Investment Management Ltd. purchased a new position in Pathward Financial during the second quarter valued at $12,376,000. F M Investments LLC purchased a new position in shares of Pathward Financial during the 2nd quarter valued at about $10,784,000. American Century Companies Inc. grew its stake in shares of Pathward Financial by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock valued at $28,551,000 after acquiring an additional 85,566 shares during the period. Foundry Partners LLC purchased a new stake in Pathward Financial in the 2nd quarter worth approximately $4,669,000. Finally, Assenagon Asset Management S.A. raised its stake in Pathward Financial by 103.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 149,143 shares of the savings and loans company’s stock worth $8,437,000 after acquiring an additional 75,792 shares during the period. 92.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of the firm’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 completion of the transaction, the chief financial officer now owns 9,644 shares in the company, valued at $777,306.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Douglas J. Hajek sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $64.91, for a total value of $129,820.00. Following the completion of the sale, the director now directly owns 19,531 shares of the company’s stock, valued at $1,267,757.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Greg Sigrist sold 2,250 shares of Pathward Financial stock in a transaction 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 $777,306.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,350 shares of company stock worth $517,010. Corporate insiders own 0.72% of the company’s stock.

Pathward Financial Stock Up 0.0 %

NASDAQ CASH opened at $81.57 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 12 month low of $46.68 and a 12 month high of $82.26. The stock’s 50 day moving average is $69.77 and its 200 day moving average is $62.49. The stock has a market cap of $2.04 billion, a PE ratio of 12.30 and a beta of 0.67.

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

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were issued a $0.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Pathward Financial’s dividend payout ratio (DPR) is 3.02%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CASH. Piper Sandler upped their price target on shares of Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on shares of Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th.

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.