Pathward Financial (NASDAQ:CASH) Director Sells $370,305.00 in Stock

Pathward Financial, Inc. (NASDAQ:CASH) Director Elizabeth Hoople sold 4,500 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $82.29, for a total value of $370,305.00. Following the completion of the sale, the director owned 28,050 shares in the company, valued at $2,308,234.50. The trade was a 13.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Pathward Financial Stock Down 4.5%

Shares of CASH opened at $77.74 on Thursday. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 9.23 and a beta of 0.61. The stock’s 50-day moving average price is $87.96 and its 200-day moving average price is $83.62.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Wednesday, April 22nd. The savings and loans company reported $3.35 EPS for the quarter, hitting 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 quarter in the prior year, the business earned $3.11 earnings per share. The company’s revenue 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 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 issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. Pathward Financial’s dividend payout ratio is presently 2.38%.

Hedge Funds Weigh In On Pathward Financial

A number of large investors have recently bought and sold shares of CASH. Seros Financial LLC acquired a new position in Pathward Financial in the 3rd quarter worth about $481,003,000. Revolve Wealth Partners LLC acquired a new position in shares of Pathward Financial during the fourth quarter valued at approximately $267,437,000. American Century Companies Inc. raised its holdings in shares of Pathward Financial by 44.6% during the third quarter. American Century Companies Inc. now owns 1,049,836 shares of the savings and loans company’s stock valued at $77,698,000 after acquiring an additional 323,785 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Pathward Financial by 571.3% during the first quarter. Bank of America Corp DE now owns 302,503 shares of the savings and loans company’s stock valued at $26,992,000 after acquiring an additional 257,443 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of Pathward Financial by 371.2% during the fourth quarter. Comerica Bank now owns 295,999 shares of the savings and loans company’s stock valued at $21,016,000 after acquiring an additional 233,177 shares during the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Analyst Ratings Changes

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

Pathward Financial Company 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.