Meeder Asset Management Inc. Makes New Investment in Pathward Financial, Inc. $CASH

Meeder Asset Management Inc. bought a new stake in Pathward Financial, Inc. (NASDAQ:CASH) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,543 shares of the savings and loans company’s stock, valued at approximately $831,000.

Other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in shares of Pathward Financial by 42.5% in the 1st quarter. First Trust Advisors LP now owns 85,411 shares of the savings and loans company’s stock worth $7,621,000 after purchasing an additional 25,478 shares during the last quarter. 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. Renaissance Technologies LLC bought a new position in Pathward Financial during the 1st quarter worth $4,110,000. WCM Investment Management LLC acquired a new stake in Pathward Financial in the first quarter worth $5,488,000. Finally, Horizon Investments LLC acquired a new stake in Pathward Financial in the fourth quarter worth $603,000. 92.66% of the stock is owned by institutional investors.

Insider Transactions at Pathward Financial

In other Pathward Financial news, Director Elizabeth G. Hoople sold 4,500 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $82.29, for a total transaction of $370,305.00. Following the completion of the transaction, the director owned 28,050 shares in the company, valued at approximately $2,308,234.50. The trade was a 13.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.43% of the company’s stock.

Pathward Financial Stock Performance

CASH opened at $84.64 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $87.10 and its 200-day moving average is $88.40. The stock has a market cap of $1.76 billion, a PE ratio of 10.61 and a beta of 0.61. Pathward Financial, Inc. has a twelve month low of $65.87 and a twelve month high of $101.26.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data 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). Pathward Financial had a return on equity of 20.61% and a net margin of 21.03%.The business had revenue of $189.64 million during the quarter, compared to the consensus estimate of $191.18 million. 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. On average, analysts predict that Pathward Financial, Inc. will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods lowered their price target on shares of Pathward Financial from $108.00 to $97.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Finally, Piper Sandler reaffirmed 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Pathward Financial currently has a consensus rating of “Buy” and an average target price of $101.00.

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.