9,700 Shares in Pathward Financial, Inc. $CASH Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Pathward Financial, Inc. (NASDAQ:CASH) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 9,700 shares of the savings and loans company’s stock, valued at approximately $866,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position 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 last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Pathward Financial by 23.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company’s stock worth $45,000 after acquiring an additional 118 shares during the last quarter. State of Wyoming bought a new stake in Pathward Financial in the 2nd quarter valued at $46,000. Rockefeller Capital Management L.P. raised its stake in Pathward Financial by 225.6% in 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 during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in Pathward Financial during the 4th quarter valued at $77,000. Institutional investors own 92.66% of the company’s stock.

Wall Street Analyst Weigh In

CASH has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted 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. Piper Sandler initiated coverage on shares of Pathward Financial in a research report on Thursday, March 12th. They issued an “overweight” rating and a $107.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pathward Financial in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Pathward Financial currently has a consensus rating of “Buy” and an average target price of $107.50.

Pathward Financial Price Performance

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

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, April 22nd. The savings and loans company reported $3.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.35. Pathward Financial had a net margin of 22.42% and a return on equity of 22.35%. The company had revenue of $276.30 million during the quarter, compared to analysts’ expectations of $272.04 million. During the same quarter in the previous year, the business posted $3.11 earnings per share. Pathward Financial’s quarterly revenue 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, equities analysts anticipate that Pathward Financial, Inc. will post 8.73 earnings per share for the current year.

Pathward Financial Dividend Announcement

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

Insider Buying and Selling

In other Pathward Financial news, Director Douglas J. Hajek sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 12,281 shares in the company, valued at $1,060,709.97. This represents a 28.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Elizabeth G. Hoople sold 4,500 shares of the firm’s stock in a transaction that occurred 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 directly owned 28,050 shares in the company, 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. Corporate insiders own 1.43% of the company’s stock.

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.