Sigma Planning Corp Sells 6,440 Shares of Pathward Financial, Inc. $CASH

Sigma Planning Corp trimmed its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 64.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,536 shares of the savings and loans company’s stock after selling 6,440 shares during the period. Sigma Planning Corp’s holdings in Pathward Financial were worth $251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Pathward Financial by 43,200.0% during the second quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company’s stock valued at $34,000 after acquiring an additional 432 shares during the last quarter. State of Wyoming bought a new position in shares of Pathward Financial during the second quarter valued at about $46,000. PNC Financial Services Group Inc. raised its stake in shares of Pathward Financial by 10.6% during the third quarter. PNC Financial Services Group Inc. now owns 2,281 shares of the savings and loans company’s stock valued at $169,000 after acquiring an additional 218 shares during the last quarter. denkapparat Operations GmbH bought a new position in shares of Pathward Financial during the third quarter valued at about $219,000. Finally, Brevan Howard Capital Management LP bought a new position in shares of Pathward Financial during the third quarter valued at about $220,000. 92.66% of the stock is owned by institutional investors.

Pathward Financial Stock Performance

Shares of CASH stock opened at $86.32 on Friday. The stock has a fifty day moving average of $91.39 and a 200 day moving average of $81.92. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 10.25 and a beta of 0.64. 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 (NASDAQ:CASH) last announced its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $3.35 EPS for the quarter, hitting analysts’ consensus estimates of $3.35. Pathward Financial had a return on equity of 22.35% and a net margin of 22.42%.The company had revenue of $276.30 million during the quarter, compared to analyst estimates of $272.04 million. During the same quarter last year, the firm posted $3.11 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. As a group, research analysts expect that Pathward Financial, Inc. will post 8.73 earnings per share for the current year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th were issued a $0.05 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Pathward Financial’s dividend payout ratio is 2.38%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings raised Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Piper Sandler assumed coverage on Pathward Financial in a research note on Thursday, March 12th. They issued an “overweight” rating and a $107.00 price target for the company. Wall Street Zen lowered Pathward Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Keefe, Bruyette & Woods raised their price target on Pathward Financial from $100.00 to $108.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $107.50.

Insiders Place Their Bets

In other Pathward Financial news, Director Douglas J. Hajek sold 5,000 shares of the stock in a transaction 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 transaction, the director owned 12,281 shares in the company, valued at approximately $1,060,709.97. This represents a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brett L. Pharr sold 15,641 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $93.88, for a total value of $1,468,377.08. Following the completion of the transaction, the chief executive officer owned 78,261 shares of the company’s stock, valued at approximately $7,347,142.68. This trade represents a 16.66% decrease in their position. The SEC filing for this sale provides additional information. 1.43% of the stock is currently owned by corporate 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.