SG Americas Securities LLC Sells 6,577 Shares of Pathward Financial, Inc. $CASH

SG Americas Securities LLC trimmed its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 47.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,159 shares of the savings and loans company’s stock after selling 6,577 shares during the quarter. SG Americas Securities LLC’s holdings in Pathward Financial were worth $639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CASH. EverSource Wealth Advisors LLC grew 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 worth $34,000 after buying an additional 432 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Pathward Financial by 23.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company’s stock valued at $45,000 after acquiring an additional 118 shares during the last quarter. State of Wyoming acquired a new stake in shares of Pathward Financial during the 2nd quarter valued at $46,000. Rockefeller Capital Management L.P. boosted its holdings in shares of 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 valued at $61,000 after acquiring an additional 591 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Pathward Financial during the 4th quarter worth $77,000. Institutional investors own 92.66% of the company’s stock.

Analyst Ratings Changes

CASH has been the subject of several research reports. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $100.00 to $108.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Piper Sandler started coverage on Pathward Financial in a report on Thursday, March 12th. They set an “overweight” rating and a $107.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pathward Financial in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $107.50.

Pathward Financial Stock Performance

NASDAQ CASH opened at $90.44 on Wednesday. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 10.74 and a beta of 0.60. 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, Inc. has a twelve month low of $65.87 and a twelve month high of $101.26. The stock has a fifty day simple moving average of $83.94 and a 200 day simple moving average of $85.77.

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

Pathward Financial Dividend Announcement

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

Insider Activity 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 shares were sold at an average price of $86.37, for a total transaction of $431,850.00. Following the completion of the transaction, the director owned 12,281 shares of the company’s stock, valued at $1,060,709.97. This trade represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 owned 28,050 shares in the company, valued at approximately $2,308,234.50. The trade was 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.

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.