First Citizens Bank & Trust Co. Purchases 3,285 Shares of Pathward Financial, Inc. $CASH

First Citizens Bank & Trust Co. lifted its position in Pathward Financial, Inc. (NASDAQ:CASH) by 101.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,523 shares of the savings and loans company’s stock after acquiring an additional 3,285 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Pathward Financial were worth $516,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CASH. Maseco LLP bought a new stake in shares of Pathward Financial in the 2nd quarter worth $31,000. USAdvisors Wealth Management LLC lifted its holdings in Pathward Financial by 37.0% during the first quarter. USAdvisors Wealth Management LLC now owns 607 shares of the savings and loans company’s stock valued at $44,000 after purchasing an additional 164 shares during the last quarter. Vestcor Inc purchased a new stake in Pathward Financial during the first quarter valued at about $123,000. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Pathward Financial during the second quarter valued at about $155,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Pathward Financial during the first quarter valued at about $219,000. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Up 0.5%

CASH stock opened at $71.51 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $75.46 and its 200 day moving average is $76.93. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 9.05 and a beta of 0.62. Pathward Financial, Inc. has a 1-year low of $64.45 and a 1-year high of $86.00.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Tuesday, October 21st. The savings and loans company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.30. Pathward Financial had a net margin of 22.45% and a return on equity of 22.97%. The business had revenue of $186.70 million for the quarter, compared to analysts’ expectations of $189.50 million. During the same period last year, the business earned $1.35 earnings per share. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Pathward Financial has set its FY 2026 guidance at 8.250-8.750 EPS. Sell-side analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is presently 2.53%.

Analysts Set New Price Targets

CASH has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their price target on Pathward Financial from $86.00 to $88.00 and gave the company a “market perform” rating in a research report on Friday, July 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Pathward Financial has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Pathward Financial Company Profile

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.