First Trust Advisors LP Raises Position in Pathward Financial, Inc. $CASH

First Trust Advisors LP increased its stake in Pathward Financial, Inc. (NASDAQ:CASH) by 42.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,411 shares of the savings and loans company’s stock after buying an additional 25,478 shares during the quarter. First Trust Advisors LP’s holdings in Pathward Financial were worth $7,621,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CASH. EverSource Wealth Advisors LLC lifted its position in Pathward Financial by 43,200.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company’s stock worth $34,000 after acquiring an additional 432 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Pathward Financial by 23.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company’s stock valued at $45,000 after purchasing an additional 118 shares during the period. State of Wyoming purchased a new stake in shares of Pathward Financial during the second quarter valued at approximately $46,000. Rockefeller Capital Management L.P. raised its stake in shares of Pathward Financial by 225.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 853 shares of the savings and loans company’s stock valued at $61,000 after purchasing an additional 591 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Pathward Financial during the fourth quarter worth $77,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CASH has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Pathward Financial from $108.00 to $97.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a report on Friday, May 8th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $105.00 price objective (down from $107.00) on shares of Pathward Financial in a report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Pathward Financial currently has an average rating of “Buy” and an average price target of $101.00.

Pathward Financial Price Performance

Shares of NASDAQ CASH opened at $88.24 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.82 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. The business has a 50 day moving average price of $85.63 and a two-hundred day moving average price of $87.61. The firm has a market cap of $1.86 billion, a PE ratio of 11.06 and a beta of 0.60.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.58). The business had revenue of $189.64 million during the quarter, compared to analyst estimates of $191.18 million. Pathward Financial had a net margin of 21.03% and a return on equity of 20.61%. Pathward Financial has set its FY 2027 guidance at 9.500-10.000 EPS and its FY 2026 guidance at 7.800-8.200 EPS. Sell-side analysts expect that Pathward Financial, Inc. will post 7.93 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 11th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.20 annualized dividend and a yield of 0.2%. Pathward Financial’s dividend payout ratio is currently 2.51%.

Insider Buying and Selling

In other Pathward Financial news, Director Elizabeth G. Hoople sold 4,500 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $82.29, for a total transaction of $370,305.00. Following the transaction, the director directly owned 28,050 shares in the company, valued at $2,308,234.50. This represents a 13.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.43% of the stock is owned by company insiders.

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.