SG Americas Securities LLC Sells 3,292 Shares of Pathward Financial, Inc. $CASH

SG Americas Securities LLC trimmed its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 42.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,551 shares of the savings and loans company’s stock after selling 3,292 shares during the period. SG Americas Securities LLC’s holdings in Pathward Financial were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new position in shares of Pathward Financial during the 4th quarter valued at $267,437,000. American Century Companies Inc. increased its holdings in Pathward Financial by 6.7% in the 1st quarter. American Century Companies Inc. now owns 686,423 shares of the savings and loans company’s stock worth $50,075,000 after acquiring an additional 43,273 shares during the last quarter. Nuveen LLC bought a new stake in Pathward Financial in the 1st quarter valued at about $22,795,000. Invesco Ltd. lifted its holdings in Pathward Financial by 30.9% during the first quarter. Invesco Ltd. now owns 307,261 shares of the savings and loans company’s stock valued at $22,415,000 after purchasing an additional 72,542 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Pathward Financial during the first quarter valued at about $12,999,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pathward Financial

In other news, Director Douglas J. Hajek sold 3,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $68.11, for a total transaction of $204,330.00. Following the completion of the transaction, the director directly owned 16,631 shares in the company, valued at $1,132,737.41. The trade was a 15.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nadia Dombrowski sold 5,000 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $71.46, for a total transaction of $357,300.00. Following the completion of the transaction, the insider directly owned 6,528 shares in the company, valued at approximately $466,490.88. The trade was a 43.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,500 shares of company stock valued at $1,384,455 in the last three months. Company insiders own 1.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Pathward Financial currently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Pathward Financial Stock Performance

NASDAQ:CASH opened at $71.87 on Friday. The business’s fifty day moving average is $71.32 and its 200 day moving average is $75.68. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 9.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.79. Pathward Financial, Inc. has a 52-week low of $64.45 and a 52-week high of $86.00.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Tuesday, October 21st. The savings and loans company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.39 by $0.30. Pathward Financial had a return on equity of 22.97% and a net margin of 22.45%.The business had revenue of $186.71 million during the quarter, compared to the consensus estimate of $189.50 million. During the same quarter last year, the company earned $1.35 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. Pathward Financial has set its FY 2026 guidance at 8.250-8.750 EPS. Research analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be issued 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 of this dividend is Wednesday, December 10th. Pathward Financial’s dividend payout ratio is 2.53%.

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.