The Manufacturers Life Insurance Company Invests $861,000 in Pathward Financial, Inc. $CASH

The Manufacturers Life Insurance Company acquired a new stake in Pathward Financial, Inc. (NASDAQ:CASH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,885 shares of the savings and loans company’s stock, valued at approximately $861,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Seros Financial LLC purchased a new position in Pathward Financial during the 3rd quarter valued at about $481,003,000. Revolve Wealth Partners LLC acquired a new position in Pathward Financial in the 4th quarter valued at about $267,437,000. BlackRock Inc. purchased a new stake in Pathward Financial during the second quarter worth about $270,275,000. Neumeier Poma Investment Counsel LLC purchased a new stake in Pathward Financial during the second quarter worth about $30,633,802. Finally, Bank of America Corp DE lifted its position in shares of Pathward Financial by 571.3% during the first quarter. Bank of America Corp DE now owns 302,503 shares of the savings and loans company’s stock worth $26,992,000 after purchasing an additional 257,443 shares in the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CASH shares. Piper Sandler reissued an “overweight” rating and issued a $105.00 price objective (down from $107.00) on shares of Pathward Financial in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods cut their target price on shares of Pathward Financial from $108.00 to $97.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $101.00.

Pathward Financial Price Performance

CASH stock opened at $83.19 on Friday. The business’s 50-day moving average is $86.82 and its two-hundred day moving average is $87.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a market capitalization of $1.73 billion, a P/E ratio of 10.42 and a beta of 0.60. Pathward Financial, Inc. has a 1 year low of $65.87 and a 1 year high of $101.26.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.58). The company had revenue of $189.64 million for the quarter, compared to analyst estimates of $191.18 million. Pathward Financial had a return on equity of 20.61% and a net margin of 21.03%.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. Analysts anticipate that Pathward Financial, Inc. will post 7.93 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Pathward Financial’s dividend payout ratio is currently 2.51%.

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.