Pathward Financial (NASDAQ:CASH) Director Sells $370,305.00 in Stock

Pathward Financial, Inc. (NASDAQ:CASH) Director Elizabeth Hoople sold 4,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 28,050 shares of the company’s stock, valued at approximately $2,308,234.50. This represents a 13.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Pathward Financial Trading Down 1.6%

NASDAQ CASH traded down $1.33 during mid-day trading on Monday, reaching $80.91. 141,630 shares of the stock were exchanged, compared to its average volume of 243,732. Pathward Financial, Inc. has a 1-year low of $65.87 and a 1-year high of $101.26. The business’s fifty day simple moving average is $88.60 and its 200 day simple moving average is $83.38. The stock has a market capitalization of $1.71 billion, a PE ratio of 9.61 and a beta of 0.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.81.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $3.35 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $272.04 million. During the same period in the previous year, the firm posted $3.11 EPS. Pathward Financial’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. On average, research analysts anticipate that Pathward Financial, Inc. will post 8.73 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, June 11th. Pathward Financial’s dividend payout ratio is presently 2.38%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA grew its stake in Pathward Financial by 3.5% during the first quarter. Glenmede Trust Co. NA now owns 17,769 shares of the savings and loans company’s stock worth $1,586,000 after buying an additional 606 shares during the period. RMR Capital Management LLC raised its stake in shares of Pathward Financial by 2.4% in the 1st quarter. RMR Capital Management LLC now owns 39,077 shares of the savings and loans company’s stock valued at $3,487,000 after acquiring an additional 908 shares during the period. Bank of America Corp DE raised its stake in shares of Pathward Financial by 571.3% in the 1st quarter. Bank of America Corp DE now owns 302,503 shares of the savings and loans company’s stock valued at $26,992,000 after acquiring an additional 257,443 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Pathward Financial by 4.4% during the 1st quarter. Janus Henderson Group PLC now owns 20,055 shares of the savings and loans company’s stock valued at $1,790,000 after acquiring an additional 837 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Pathward Financial by 32.5% during the 1st quarter. California State Teachers Retirement System now owns 28,604 shares of the savings and loans company’s stock valued at $2,552,000 after acquiring an additional 7,008 shares in the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Wall Street Analysts Forecast Growth

CASH has been the topic of a number of research analyst reports. 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. Piper Sandler initiated coverage on shares of Pathward Financial in a research note on Thursday, March 12th. They set an “overweight” rating and a $107.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pathward Financial in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $107.50.

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.