Axa S.A. Makes New $203,000 Investment in Pathward Financial, Inc. (NASDAQ:CASH)

Axa S.A. acquired a new stake in Pathward Financial, Inc. (NASDAQ:CASH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,760 shares of the savings and loans company’s stock, valued at approximately $203,000.

Several other large investors have also modified their holdings of CASH. Smartleaf Asset Management LLC boosted its stake in Pathward Financial by 302.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company’s stock worth $41,000 after purchasing an additional 414 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Pathward Financial by 726.8% during the fourth quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company’s stock worth $43,000 after buying an additional 516 shares during the last quarter. KBC Group NV grew its holdings in shares of Pathward Financial by 45.8% during the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company’s stock worth $104,000 after buying an additional 445 shares during the last quarter. Bank of Montreal Can acquired a new position in Pathward Financial in the 4th quarter valued at about $201,000. Finally, Pictet Asset Management Holding SA acquired a new stake in Pathward Financial during the 4th quarter worth approximately $210,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their target price on shares of Pathward Financial from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, April 23rd.

Insider Transactions at Pathward Financial

In related news, Director Douglas J. Hajek sold 1,850 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $79.26, for a total value of $146,631.00. Following the transaction, the director now directly owns 19,631 shares of the company’s stock, valued at approximately $1,555,953.06. This trade represents a 8.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brett L. Pharr sold 10,365 shares of the business’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $78.07, for a total value of $809,195.55. Following the sale, the chief executive officer now directly owns 69,750 shares of the company’s stock, valued at approximately $5,445,382.50. This trade represents a 12.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,882 shares of company stock worth $1,403,123 over the last quarter. 1.23% of the stock is currently owned by insiders.

Pathward Financial Stock Performance

NASDAQ CASH opened at $82.25 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $86.00. The business has a fifty day moving average of $73.87 and a 200-day moving average of $76.58. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 11.99 and a beta of 0.64.

Pathward Financial (NASDAQ:CASH) last released its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.40. The company had revenue of $262.90 million for the quarter, compared to analyst estimates of $256.30 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. During the same period in the prior year, the firm earned $2.56 EPS. As a group, analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Thursday, March 13th. Pathward Financial’s dividend payout ratio is presently 2.70%.

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.