Persistent Asset Partners Ltd Takes Position in Pathward Financial, Inc. $CASH

Persistent Asset Partners Ltd purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the fourth quarter, HoldingsChannel reports. The firm purchased 10,287 shares of the savings and loans company’s stock, valued at approximately $730,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Seros Financial LLC bought a new stake in shares of Pathward Financial during the third quarter valued at approximately $481,003,000. Revolve Wealth Partners LLC bought a new position in shares of Pathward Financial in the 4th quarter worth $267,437,000. Vanguard Group Inc. lifted its holdings in shares of Pathward Financial by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,857,345 shares of the savings and loans company’s stock worth $137,462,000 after purchasing an additional 14,130 shares in the last quarter. American Century Companies Inc. grew its position in Pathward Financial by 44.6% in the 3rd quarter. American Century Companies Inc. now owns 1,049,836 shares of the savings and loans company’s stock valued at $77,698,000 after purchasing an additional 323,785 shares during the period. Finally, Neumeier Poma Investment Counsel LLC grew its position in Pathward Financial by 62.0% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 348,590 shares of the savings and loans company’s stock valued at $25,799,000 after purchasing an additional 133,455 shares during the period. Institutional investors own 92.66% of the company’s stock.

Analyst Upgrades and Downgrades

CASH has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a research report on Friday, May 8th. Keefe, Bruyette & Woods lifted their price target on shares of Pathward Financial from $100.00 to $108.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Piper Sandler initiated coverage on shares of Pathward Financial in a research report on Thursday, March 12th. They issued an “overweight” rating and a $107.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pathward Financial has an average rating of “Buy” and a consensus price target of $107.50.

Pathward Financial Stock Performance

Shares of CASH opened at $83.30 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a 50 day moving average price of $86.58 and a two-hundred day moving average price of $84.42. The firm has a market capitalization of $1.76 billion, a P/E ratio of 9.89 and a beta of 0.61. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26.

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

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be issued 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 is Thursday, June 11th. Pathward Financial’s payout ratio is currently 2.38%.

Insider Buying and Selling

In other news, Director Elizabeth G. Hoople sold 4,500 shares of the stock in a transaction dated 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 $2,308,234.50. This represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas J. Hajek sold 5,000 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $86.37, for a total transaction of $431,850.00. Following the completion of the sale, the director owned 12,281 shares of the company’s stock, valued at approximately $1,060,709.97. This represents a 28.93% decrease in their position. 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.