Pathward Financial, Inc. $CASH Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. decreased its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 77.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 10,091 shares of the savings and loans company’s stock after selling 34,801 shares during the quarter. Meeder Asset Management Inc.’s holdings in Pathward Financial were worth $900,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Seros Financial LLC purchased a new stake in shares of Pathward Financial in the 3rd quarter valued at about $481,003,000. Revolve Wealth Partners LLC purchased a new position in Pathward Financial during the 4th quarter worth approximately $267,437,000. Comerica Bank grew its stake in Pathward Financial by 371.2% during the 4th quarter. Comerica Bank now owns 295,999 shares of the savings and loans company’s stock worth $21,016,000 after buying an additional 233,177 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Pathward Financial by 30.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 247,832 shares of the savings and loans company’s stock worth $17,596,000 after buying an additional 58,510 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Pathward Financial by 45.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 232,830 shares of the savings and loans company’s stock worth $20,959,000 after buying an additional 73,157 shares during the period. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CASH shares. Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a report on Friday, May 8th. Keefe, Bruyette & Woods lifted their target price on shares of Pathward Financial from $100.00 to $108.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Pathward Financial presently has an average rating of “Buy” and an average target price of $107.50.

Pathward Financial Stock Down 0.5%

Shares of NASDAQ:CASH opened at $89.34 on Tuesday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 10.61 and a beta of 0.60. The firm’s 50-day simple moving average is $84.56 and its 200-day simple moving average is $86.81. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a fifty-two week low of $65.87 and a fifty-two week high of $101.26.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $3.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.35. The business had revenue of $276.30 million for the quarter, compared to analyst estimates of $272.04 million. Pathward Financial had a net margin of 22.42% and a return on equity of 22.35%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.11 earnings per share. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. As a group, equities research analysts predict that Pathward Financial, Inc. will post 8.73 earnings per share for the current year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.20 annualized dividend and a yield of 0.2%. Pathward Financial’s payout ratio is presently 2.38%.

Insider Activity at Pathward Financial

In other news, Director Douglas J. Hajek sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $86.37, for a total value of $431,850.00. Following the completion of the sale, the director directly owned 12,281 shares of the company’s stock, valued at $1,060,709.97. This trade represents a 28.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth G. Hoople sold 4,500 shares of Pathward Financial stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $82.29, for a total value of $370,305.00. Following the completion of the sale, the director owned 28,050 shares in the company, valued at approximately $2,308,234.50. This trade represents a 13.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.43% of the company’s stock.

About Pathward Financial

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.