Tealwood Asset Management Inc. Has $1.69 Million Stock Position in Pathward Financial, Inc. (NASDAQ:CASH)

Tealwood Asset Management Inc. reduced its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 3.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 23,214 shares of the savings and loans company’s stock after selling 731 shares during the period. Tealwood Asset Management Inc.’s holdings in Pathward Financial were worth $1,693,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Meritage Portfolio Management bought a new stake in shares of Pathward Financial during the 4th quarter worth $435,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Pathward Financial during the 4th quarter worth $3,734,999,000. Natixis Advisors LLC bought a new stake in shares of Pathward Financial during the 4th quarter worth $1,739,000. Barclays PLC lifted its position in shares of Pathward Financial by 83.1% during the 3rd quarter. Barclays PLC now owns 56,327 shares of the savings and loans company’s stock worth $3,718,000 after buying an additional 25,570 shares during the last quarter. Finally, Putney Financial Group LLC bought a new stake in shares of Pathward Financial during the 4th quarter worth $32,223,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Pathward Financial Price Performance

Pathward Financial stock opened at $77.82 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.86 billion, a PE ratio of 11.34 and a beta of 0.63. Pathward Financial, Inc. has a 12 month low of $51.98 and a 12 month high of $86.00. The stock has a 50-day moving average price of $76.26 and a two-hundred day moving average price of $77.04.

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

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.05 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.20 annualized dividend and a yield of 0.26%. Pathward Financial’s dividend payout ratio is presently 2.70%.

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, CAO Jennifer W. Warren sold 1,667 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 5,019 shares in the company, valued at approximately $391,331.43. This trade represents a 24.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kendall E. Stork sold 4,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were 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 of the company’s stock, valued at approximately $488,117.49. The trade was a 39.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,882 shares of company stock worth $1,403,123. 1.23% of the stock is currently owned by 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.