CSM Advisors LLC Purchases 10,657 Shares of Pathward Financial, Inc. $CASH

CSM Advisors LLC grew its position in Pathward Financial, Inc. (NASDAQ:CASH) by 10.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 117,612 shares of the savings and loans company’s stock after purchasing an additional 10,657 shares during the quarter. CSM Advisors LLC’s holdings in Pathward Financial were worth $8,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Pathward Financial by 7.5% during the third quarter. Bank of America Corp DE now owns 76,346 shares of the savings and loans company’s stock valued at $5,650,000 after acquiring an additional 5,332 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Pathward Financial by 1.1% in the 3rd quarter. Alliancebernstein L.P. now owns 28,107 shares of the savings and loans company’s stock worth $2,080,000 after acquiring an additional 300 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in Pathward Financial by 50.8% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 23,756 shares of the savings and loans company’s stock valued at $1,758,000 after acquiring an additional 8,006 shares in the last quarter. Credit Agricole S A bought a new position in Pathward Financial in the 3rd quarter valued at approximately $1,510,000. Finally, Raymond James Financial Inc. boosted its stake in Pathward Financial by 14.4% during the 3rd quarter. Raymond James Financial Inc. now owns 7,170 shares of the savings and loans company’s stock valued at $531,000 after purchasing an additional 905 shares during the last quarter. Institutional investors own 92.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CASH. Piper Sandler initiated coverage on Pathward Financial in a report on Thursday. They issued an “overweight” rating and a $107.00 target price for the company. Wall Street Zen cut Pathward Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Keefe, Bruyette & Woods upgraded Pathward Financial from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a report on Friday, January 23rd. Finally, Weiss Ratings raised Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $103.50.

Insider Buying and Selling

In related news, CEO Brett L. Pharr sold 15,641 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $93.88, for a total transaction of $1,468,377.08. Following the completion of the sale, the chief executive officer owned 78,261 shares in the company, valued at approximately $7,347,142.68. This represents a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.43% of the company’s stock.

Pathward Financial Trading Up 1.5%

Shares of CASH stock opened at $91.17 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 12-month low of $64.45 and a 12-month high of $96.06. The stock has a market capitalization of $1.98 billion, a P/E ratio of 11.15 and a beta of 0.74. The firm’s 50 day moving average is $86.61 and its 200 day moving average is $77.81.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Thursday, January 22nd. The savings and loans company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.19. The business had revenue of $173.10 million during the quarter, compared to analyst estimates of $185.80 million. Pathward Financial had a net margin of 22.95% and a return on equity of 22.76%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 EPS. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. Research analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Pathward Financial’s payout ratio is presently 2.44%.

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.