In yesterday’s Wall Street session, Pathward Financial Inc. (NASDAQ:CASH) shares traded at $43.25, up 2.82% from the previous session.
CASH stock price is now -10.27% away from the 50-day moving average and 5.57% away from the 200-day moving average. The market capitalization of the company currently stands at $1.21B.
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On July 28, 2022, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $67 to quote $45, while ‘Raymond James’ rates the stock as ‘Outperform’.
In other news, Hajek Douglas J., Director sold 3,000 shares of the company’s stock on Feb 03. The stock was sold for $154,530 at an average price of $51.51. Upon completion of the transaction, the Director now directly owns 16,081 shares in the company, valued at $0.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02, Chief Executive Officer Pharr Brett L. sold 10,000 shares of the business’s stock. A total of $516,700 was realized by selling the stock at an average price of $51.67. This leaves the insider owning 63,119 shares of the company worth $2.73 million. Insiders disposed of 59,137 shares of company stock worth roughly $2.56 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CASH stock. A new stake in Pathward Financial Inc. shares was purchased by VECTORS RESEARCH MANAGEMENT, LLC during the first quarter worth $104,231,000. ALTA FOX CAPITAL MANAGEMENT, LLC invested $32,618,000 in shares of CASH during the first quarter. In the first quarter, HILLSDALE INVESTMENT MANAGEMENT INC. acquired a new stake in Pathward Financial Inc. valued at approximately $3,702,000. ASSENAGON ASSET MANAGEMENT S.A. acquired a new stake in CASH for approximately $3,213,000. ALLIANZ ASSET MANAGEMENT GMBH purchased a new stake in CASH valued at around $1,125,000 in the second quarter. In total, there are 280 active investors with 93.10% ownership of the company’s stock.
Tuesday morning saw Pathward Financial Inc. (NASDAQ: CASH) opened at $44.36. During the past 12 months, Pathward Financial Inc. has had a low of $31.16 and a high of $57.57. The fifty day moving average price for CASH is $48.20 and a two-hundred day moving average price translates $40.99 for the stock.
The latest earnings results from Pathward Financial Inc. (NASDAQ: CASH) was released for Dec, 2022. The company reported revenue of $85.06 million for the quarter, compared to $72.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.69 percent.
Moreover, the firm recently paid out its quarterly dividend on 04/03/2023. Investors who held shares on 03/13/2023 were paid a $0.05 dividend. On an annualized basis, this represents a $0.20 dividend and a 0.46% percent yield. There was an ex-dividend date of 03/10/2023 for this dividend. In terms of dividend payout ratio, CASH is presently at 3.85%.
Pathward Financial Inc.(CASH) Company Profile
Pathward Financial, Inc. operates as the 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, money market savings accounts, and certificate accounts. It also provides commercial finance product comprising term lending, asset based lending, factoring, lease financing, insurance premium finance, government guaranteed lending, and other commercial finance products; consumer credit products; other consumer financing services; tax solutions, which includes short-term refund advance loans and short-term electronic return originator advance loans; and warehouse financing services. In addition, it issues prepaid cards; and offers payment solutions, such as acceptance, processing, and settlement of credit card and debit card payments. The company was formerly known as Meta Financial Group, Inc. and changed its name to Pathward Financial, Inc. in July 2022. Pathward Financial, Inc. was founded in 1954 and is based in Sioux Falls, South Dakota.
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