Pathward Financial, Inc. (NASDAQ:CASH – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $84.16 and traded as low as $82.93. Pathward Financial shares last traded at $84.17, with a volume of 278,082 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on CASH. Piper Sandler began coverage on Pathward Financial in a research report on Thursday, March 12th. They set an “overweight” rating and a $107.00 target price for the company. Keefe, Bruyette & Woods upped 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. Finally, 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, the stock currently has a consensus rating of “Buy” and a consensus price target of $107.50.
Read Our Latest Report on CASH
Pathward Financial Trading Up 1.5%
Pathward Financial (NASDAQ:CASH – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The savings and loans company reported $3.35 earnings per share for the quarter, hitting the consensus estimate of $3.35. Pathward Financial had a return on equity of 22.35% and a net margin of 22.42%.The business had revenue of $276.30 million during the quarter, compared to the consensus estimate of $272.04 million. During the same period in the prior year, the company earned $3.11 EPS. Pathward Financial’s revenue for the quarter 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, analysts anticipate that Pathward Financial, Inc. will post 8.73 EPS for the current year.
Pathward Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, June 11th. Pathward Financial’s dividend payout ratio is currently 2.38%.
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 completion of the transaction, the director directly owned 12,281 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizabeth G. Hoople sold 4,500 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $82.29, for a total value of $370,305.00. Following the completion of the transaction, the director owned 28,050 shares of the company’s stock, valued at $2,308,234.50. This represents a 13.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.43% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Pathward Financial
Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of Pathward Financial by 43,200.0% in the second quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company’s stock valued at $34,000 after buying an additional 432 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Pathward Financial by 23.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company’s stock valued at $45,000 after buying an additional 118 shares during the period. State of Wyoming acquired a new stake in shares of Pathward Financial in the second quarter valued at about $46,000. Rockefeller Capital Management L.P. increased its stake in shares of 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 buying an additional 591 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Pathward Financial in the fourth quarter valued at about $77,000. 92.66% of the stock is currently owned by institutional investors.
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.
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