Hsbc Holdings PLC Takes $568,000 Position in Pathward Financial, Inc. $CASH

Hsbc Holdings PLC purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASH) in the fourth quarter, HoldingsChannel reports. The firm purchased 7,985 shares of the savings and loans company’s stock, valued at approximately $568,000.

Other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its holdings in Pathward Financial by 225.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 853 shares of the savings and loans company’s stock worth $61,000 after buying an additional 591 shares in the last quarter. Invesco Ltd. raised its position in shares of Pathward Financial by 2.9% during the fourth quarter. Invesco Ltd. now owns 215,833 shares of the savings and loans company’s stock worth $15,324,000 after acquiring an additional 6,162 shares during the last quarter. State of Tennessee Department of Treasury raised its position in shares of Pathward Financial by 63.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 9,734 shares of the savings and loans company’s stock worth $691,000 after acquiring an additional 3,763 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Pathward Financial during the fourth quarter valued at $440,000. Finally, Voloridge Investment Management LLC lifted its stake in shares of Pathward Financial by 27.1% during the fourth quarter. Voloridge Investment Management LLC now owns 100,393 shares of the savings and loans company’s stock valued at $7,128,000 after acquiring an additional 21,388 shares during the period. Institutional investors own 92.66% of the company’s stock.

Insider Activity

In other Pathward Financial news, Director Douglas J. Hajek sold 5,000 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $86.37, for a total value of $431,850.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth G. Hoople sold 4,500 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $82.29, for a total value of $370,305.00. Following the transaction, the director owned 28,050 shares in the company, valued at approximately $2,308,234.50. This trade represents a 13.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CASH. Keefe, Bruyette & Woods lifted their price objective on Pathward Financial from $100.00 to $108.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Pathward Financial in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Pathward Financial presently has a consensus rating of “Buy” and a consensus price target of $107.50.

Pathward Financial Price Performance

Shares of CASH stock opened at $92.88 on Friday. The firm’s 50 day moving average price is $84.38 and its two-hundred day moving average price is $86.57. 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, Inc. has a 52-week low of $65.87 and a 52-week high of $101.26. The stock has a market cap of $1.96 billion, a PE ratio of 11.03 and a beta of 0.60.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Wednesday, April 22nd. The savings and loans company reported $3.35 EPS for the quarter, meeting the consensus estimate of $3.35. The company had revenue of $276.30 million during the quarter, compared to analysts’ expectations of $272.04 million. Pathward Financial had a net margin of 22.42% and a return on equity of 22.35%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.11 EPS. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. As a group, analysts forecast that Pathward Financial, Inc. will post 8.73 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 11th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, June 11th. Pathward Financial’s dividend payout ratio is currently 2.38%.

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.