AlphaQuest LLC Grows Position in Pathward Financial, Inc. $CASH

AlphaQuest LLC increased its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 267.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,018 shares of the savings and loans company’s stock after buying an additional 29,863 shares during the quarter. AlphaQuest LLC’s holdings in Pathward Financial were worth $2,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Pathward Financial by 210.0% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 25,786 shares of the savings and loans company’s stock valued at $1,908,000 after purchasing an additional 17,469 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Pathward Financial by 19.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 159,673 shares of the savings and loans company’s stock valued at $11,476,000 after purchasing an additional 26,446 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Pathward Financial by 2,640.8% in the 3rd quarter. Federated Hermes Inc. now owns 25,489 shares of the savings and loans company’s stock valued at $1,886,000 after purchasing an additional 24,559 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Pathward Financial by 15.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 142,215 shares of the savings and loans company’s stock valued at $10,525,000 after purchasing an additional 18,720 shares during the last quarter. Finally, Mawer Investment Management Ltd. grew its stake in shares of Pathward Financial by 35.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 346,061 shares of the savings and loans company’s stock valued at $25,612,000 after purchasing an additional 91,066 shares during 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 weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a research note on Friday, May 8th. Piper Sandler assumed coverage on Pathward Financial in a research note on Thursday, March 12th. They issued an “overweight” rating and a $107.00 target price on the stock. Wall Street Zen downgraded Pathward Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Keefe, Bruyette & Woods lifted their target price on Pathward Financial from $100.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Pathward Financial has a consensus rating of “Buy” and an average target price of $107.50.

Insider Transactions at Pathward Financial

In related news, Director Douglas J. Hajek sold 5,000 shares of Pathward Financial stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $86.37, for a total transaction of $431,850.00. Following the completion of the transaction, the director directly owned 12,281 shares of the company’s stock, valued at approximately $1,060,709.97. The trade was a 28.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.43% of the company’s stock.

Pathward Financial Stock Up 1.4%

Pathward Financial stock opened at $83.89 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.80. Pathward Financial, Inc. has a 1-year low of $65.87 and a 1-year high of $101.26. The company has a market cap of $1.77 billion, a PE ratio of 9.96 and a beta of 0.64. The stock’s 50 day moving average price is $89.07 and its 200 day moving average price is $83.09.

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

Pathward Financial Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, June 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Pathward Financial’s payout ratio is 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.