Voya Investment Management LLC Raises Stock Holdings in Pathward Financial, Inc. $CASH

Voya Investment Management LLC grew its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 131.9% during the third quarter, HoldingsChannel.com reports. The fund owned 23,638 shares of the savings and loans company’s stock after buying an additional 13,446 shares during the quarter. Voya Investment Management LLC’s holdings in Pathward Financial were worth $1,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new position in Pathward Financial during the third quarter valued at approximately $4,763,000. Texas Permanent School Fund Corp raised its stake in Pathward Financial by 51.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 85,305 shares of the savings and loans company’s stock valued at $6,749,000 after buying an additional 28,890 shares during the last quarter. Osaic Holdings Inc. lifted its holdings 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 period. State of Wyoming purchased a new position in shares of Pathward Financial in the 2nd quarter worth $46,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Pathward Financial in the 2nd quarter worth $1,260,000. 92.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Pathward Financial in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.00.

Pathward Financial Trading Down 1.2%

Shares of Pathward Financial stock opened at $73.44 on Monday. Pathward Financial, Inc. has a 1-year low of $64.45 and a 1-year high of $86.00. The company’s fifty day simple moving average is $71.19 and its 200-day simple moving average is $75.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.79 and a quick ratio of 0.76. The stock has a market capitalization of $1.64 billion, a PE ratio of 9.30 and a beta of 0.75.

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

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, December 10th. Pathward Financial’s payout ratio is presently 2.53%.

Insider Activity

In related news, President Anthony M. Sharett sold 11,500 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $71.55, for a total transaction of $822,825.00. Following the completion of the transaction, the president directly owned 25,155 shares in the company, valued at approximately $1,799,840.25. The trade was a 31.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nadia Dombrowski sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 6,528 shares in the company, valued at approximately $466,490.88. The trade was a 43.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,500 shares of company stock valued at $1,384,455 in the last ninety days. Corporate insiders own 1.23% of the company’s stock.

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.