Pathward financial director sells $129,820 in stock

Pathward Financial, Inc. (NASDAQ:CASH) director Douglas J. Hajek sold 2,000 shares of the company's stock on September 12, 2024, a filing with the Securities and Exchange Commission (SEC) showed. The shares were sold at an average price of $64.91, with a total transaction value of $129,820.


This sale has adjusted Hajek's direct ownership in the company to 19,531 shares. The transaction occurred amidst Pathward Financial's ongoing operations in the national commercial banking sector, where it is known for providing a range of financial services.


Investors and market watchers often look to insider selling as a signal of a director's belief in the company's current valuation and future prospects. Such transactions are regularly reported to the SEC and can be indicative of the company's health and executive sentiment.


The stock sale by Hajek was executed as per standard regulatory requirements, and the details, including the number of shares sold and the price per share, are publicly accessible through the SEC's filing records.


Pathward Financial, formerly known as Meta Financial Group (NASDAQ:CASH ) Inc., has its shares listed under the ticker symbol CASH and continues to operate out of Sioux Falls, South Dakota, with a focus on providing various banking and financial services.



In other recent news, Pathward Financial has extended its collaboration with MoneyLion until 2029, continuing a partnership that has resulted in innovative banking solutions like RoarMoney. This extension underscores both companies' commitment to their joint endeavors and their confidence in the success of their collaborative products and services. Additionally, Pathward Financial has announced a Q4 dividend of $0.05 per share, a reflection of its financial health with total assets of $7.53 billion and shareholders’ equity of $765.2 million reported as of June 30, 2024.


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InvestingPro Insights


Pathward Financial, Inc. (NASDAQ:CASH) has been a topic of interest among investors following the recent insider sale by director Douglas J. Hajek. As market participants evaluate the implications of this transaction, it's worth considering some key metrics and insights from InvestingPro that could shed light on the company's financial health and stock performance.


InvestingPro data highlights a robust revenue growth for Pathward Financial, with a 12.62% increase in revenue over the last twelve months as of Q3 2024. This growth is indicative of the company's ability to expand its operations within the competitive national commercial banking sector. Additionally, the company's operating income margin stands at an impressive 28.96%, reflecting efficient management and strong profitability relative to its revenue.


From a shareholder's perspective, Pathward Financial has demonstrated a commitment to returning value through dividends, having maintained dividend payments for an impressive 31 consecutive years. This track record, as noted in one of the InvestingPro Tips, is a testament to the company's financial stability and its prioritization of shareholder returns. Moreover, the company's stock has been trading near its 52-week high, with the price at 97.8% of the peak, suggesting a positive market sentiment towards Pathward Financial.


For those interested in further insights and analysis, InvestingPro offers additional tips on Pathward Financial, including its low P/E ratio relative to near-term earnings growth and its strong return over the last three months, indicating potential undervaluation and recent positive momentum, respectively. To explore these and other valuable InvestingPro Tips, interested readers can visit https://www.investing.com/pro/CASH, where numerous additional tips are available to help inform investment decisions.

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Source: Investing.com