Pathward Financial, Inc. (NASDAQ:CASH) Stake Boosted by Nuveen Asset Management LLC

Nuveen Asset Management LLC grew its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 4.3% in the 4th quarter, Holdings Channel reports. The firm owned 383,036 shares of the savings and loans company’s stock after acquiring an additional 15,740 shares during the quarter. Nuveen Asset Management LLC’s holdings in Pathward Financial were worth $28,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in CASH. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Pathward Financial during the fourth quarter valued at approximately $3,734,999,000. Revolve Wealth Partners LLC bought a new position in shares of Pathward Financial during the fourth quarter valued at approximately $267,437,000. JPMorgan Chase & Co. grew its holdings in shares of Pathward Financial by 52.2% during the fourth quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company’s stock valued at $41,885,000 after purchasing an additional 195,331 shares during the last quarter. FMR LLC grew its holdings in shares of Pathward Financial by 7.4% during the fourth quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company’s stock valued at $162,141,000 after purchasing an additional 151,316 shares during the last quarter. Finally, Aptus Capital Advisors LLC bought a new position in shares of Pathward Financial during the fourth quarter valued at approximately $7,343,000. 92.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Pathward Financial Stock Performance

Shares of CASH stock opened at $77.59 on Friday. Pathward Financial, Inc. has a 12-month low of $51.97 and a 12-month high of $86.00. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 11.31 and a beta of 0.64. The business has a 50 day simple moving average of $75.50 and a 200 day simple moving average of $77.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76.

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

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Pathward Financial’s dividend payout ratio (DPR) is 2.70%.

Insider Buying and Selling

In other Pathward Financial news, Director Kendall E. Stork sold 4,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 6,153 shares in the company, valued at $488,117.49. This represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer W. Warren sold 1,667 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $77.97, for a total value of $129,975.99. Following the completion of the sale, the chief accounting officer now owns 5,019 shares of the company’s stock, valued at $391,331.43. This trade represents a 24.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,882 shares of company stock valued at $1,403,123 in the last three months. 1.23% of the stock is currently owned by corporate insiders.

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.