Louisiana State Employees Retirement System Acquires New Position in Pathward Financial, Inc. $CASH

Louisiana State Employees Retirement System acquired a new stake in Pathward Financial, Inc. (NASDAQ:CASH) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,700 shares of the savings and loans company’s stock, valued at approximately $866,000.

A number of other institutional investors have also recently bought and sold shares of CASH. EverSource Wealth Advisors LLC lifted its stake in shares of Pathward Financial by 43,200.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company’s stock valued at $34,000 after purchasing an additional 432 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Pathward Financial by 23.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company’s stock worth $45,000 after purchasing an additional 118 shares during the period. State of Wyoming acquired a new stake in shares of Pathward Financial during the second quarter worth $46,000. Rockefeller Capital Management L.P. increased its holdings in Pathward Financial by 225.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 853 shares of the savings and loans company’s stock valued at $61,000 after purchasing an additional 591 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Pathward Financial in the fourth quarter valued at about $77,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Douglas J. Hajek sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $86.37, for a total value 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. This trade represents a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth G. Hoople sold 4,500 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $82.29, for a total transaction of $370,305.00. Following the transaction, the director owned 28,050 shares in the company, valued at approximately $2,308,234.50. The trade was a 13.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.43% of the stock is owned by company insiders.

Pathward Financial Price Performance

Shares of CASH stock opened at $88.72 on Monday. The firm’s fifty day moving average price is $83.84 and its two-hundred day moving average price is $85.54. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 1 year low of $65.87 and a 1 year high of $101.26. The firm has a market capitalization of $1.87 billion, a P/E ratio of 10.54 and a beta of 0.60.

Pathward Financial (NASDAQ:CASH) last posted 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 company had revenue of $276.30 million during the quarter, compared to the consensus estimate of $272.04 million. Pathward Financial had a net margin of 22.42% and a return on equity of 22.35%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.11 EPS. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. On average, equities analysts predict that Pathward Financial, Inc. will post 8.73 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th were paid 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 (DPR) is currently 2.38%.

Pathward Financial 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.