Meeder Asset Management Inc. purchased a new position in Pathward Financial, Inc. (NASDAQ:CASH – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,543 shares of the savings and loans company’s stock, valued at approximately $831,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CASH. Cetera Investment Advisers increased its holdings in Pathward Financial by 2.4% during the 4th quarter. Cetera Investment Advisers now owns 4,816 shares of the savings and loans company’s stock worth $342,000 after purchasing an additional 113 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Pathward Financial by 23.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company’s stock valued at $45,000 after buying an additional 118 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Pathward Financial by 2.3% during the 2nd quarter. Osaic Holdings Inc. now owns 5,826 shares of the savings and loans company’s stock valued at $461,000 after buying an additional 133 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Pathward Financial by 3.9% during the first quarter. Pictet Asset Management Holding SA now owns 3,528 shares of the savings and loans company’s stock worth $315,000 after buying an additional 134 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its position in shares of Pathward Financial by 5.6% during the first quarter. Koshinski Asset Management Inc. now owns 3,019 shares of the savings and loans company’s stock worth $269,000 after buying an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.
Pathward Financial Trading Down 0.9%
NASDAQ:CASH opened at $84.64 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $87.10 and its two-hundred day moving average is $88.40. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26. The company has a market cap of $1.76 billion, a PE ratio of 10.61 and a beta of 0.61.
Insider Buying and Selling
In other Pathward Financial news, Director Elizabeth G. Hoople sold 4,500 shares of Pathward Financial stock in a transaction on Friday, May 29th. The shares were sold at an average price of $82.29, for a total value of $370,305.00. Following the completion of the transaction, the director owned 28,050 shares of the company’s stock, valued at $2,308,234.50. The trade was a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.43% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
CASH has been the topic of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $105.00 price target (down from $107.00) on shares of Pathward Financial in a report on Thursday, July 23rd. Keefe, Bruyette & Woods reduced their price objective on shares of Pathward Financial from $108.00 to $97.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $101.00.
Get Our Latest Analysis on Pathward Financial
Pathward Financial Profile
Pathward Financial (NASDAQ:CASH) is a U.S.-based financial services company that operates through its wholly owned subsidiary, Pathward Bank. The company provides a range of banking and payment solutions designed for consumers, small businesses, community banks and fintech partners. Core offerings include deposit accounts, consumer and commercial lending, debit and prepaid card programs, digital banking platforms and treasury management services.
Through its banking charter, Pathward Financial delivers customizable payment solutions, including prepaid cards, payroll cards and benefit disbursement programs.
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