Pathward Financial (NASDAQ:CASH) Hits New 52-Week High – Here’s Why

Pathward Financial, Inc. (NASDAQ:CASH)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $96.13 and last traded at $95.8290, with a volume of 106995 shares changing hands. The stock had previously closed at $94.93.

Analyst Upgrades and Downgrades

CASH has been the subject of several research reports. Wall Street Zen downgraded Pathward Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings raised Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Piper Sandler initiated coverage on Pathward Financial in a report on Thursday, March 12th. They set an “overweight” rating and a $107.00 price target for the company. Finally, Keefe, Bruyette & Woods raised Pathward Financial from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $103.50.

Pathward Financial Stock Up 0.1%

The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.07 billion, a P/E ratio of 11.66 and a beta of 0.74. The firm has a 50-day simple moving average of $91.25 and a two-hundred day simple moving average of $79.45.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Thursday, January 22nd. The savings and loans company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.19. Pathward Financial had a net margin of 22.95% and a return on equity of 22.76%. The business had revenue of $173.10 million for the quarter, compared to analyst estimates of $185.80 million. During the same period last year, the firm earned $1.29 earnings per share. Pathward Financial’s revenue for the quarter was down .2% compared to the same quarter last year. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. Equities research analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Thursday, March 12th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 12th. Pathward Financial’s dividend payout ratio (DPR) is currently 2.44%.

Insider Buying and Selling

In related news, CEO Brett L. Pharr sold 15,641 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $93.88, for a total transaction of $1,468,377.08. Following the transaction, the chief executive officer directly owned 78,261 shares of the company’s stock, valued at approximately $7,347,142.68. This trade represents a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CASH. EverSource Wealth Advisors LLC increased its position in shares of Pathward Financial by 43,200.0% in the second quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 432 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Pathward Financial by 23.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company’s stock worth $45,000 after purchasing an additional 118 shares during the period. State of Wyoming bought a new position in shares of Pathward Financial in the second quarter worth $46,000. Rockefeller Capital Management L.P. increased its position in shares of Pathward Financial by 225.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 853 shares of the savings and loans company’s stock worth $61,000 after purchasing an additional 591 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Pathward Financial in the fourth quarter worth $77,000. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Company 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.