Neumeier Poma Investment Counsel LLC Invests $30.63 Billion in Pathward Financial, Inc. $CASH

Neumeier Poma Investment Counsel LLC acquired a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 351,870 shares of the savings and loans company’s stock, valued at approximately $30,633,802,000. Pathward Financial comprises about 2.1% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 27th largest holding. Neumeier Poma Investment Counsel LLC owned approximately 1.69% of Pathward Financial at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CASH. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Pathward Financial in the 2nd quarter valued at approximately $2,319,000. Clear Harbor Asset Management LLC acquired a new position in shares of Pathward Financial during the second quarter worth approximately $254,000. Quantbot Technologies LP bought a new stake in shares of Pathward Financial in the second quarter valued at approximately $1,545,000. Chou Associates Management Inc. bought a new stake in shares of Pathward Financial in the second quarter valued at approximately $2,384,000. Finally, Orchard Capital Management LLC acquired a new stake in shares of Pathward Financial in the second quarter worth $1,841,000. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Performance

Shares of NASDAQ CASH opened at $83.68 on Monday. The business has a fifty day simple moving average of $87.16 and a 200 day simple moving average of $88.27. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.49 and a beta of 0.61. Pathward Financial, Inc. has a one year low of $65.87 and a one year high of $101.26.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.58). The firm had revenue of $189.64 million during the quarter, compared to the consensus estimate of $191.18 million. Pathward Financial had a return on equity of 20.61% and a net margin of 21.03%.Pathward Financial has set its FY 2027 guidance at 9.500-10.000 EPS and its FY 2026 guidance at 7.800-8.200 EPS. Sell-side analysts expect that Pathward Financial, Inc. will post 7.93 EPS for the current year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th 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, September 10th. Pathward Financial’s payout ratio is 2.51%.

Wall Street Analysts Forecast Growth

CASH has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods decreased their price target on shares of Pathward Financial from $108.00 to $97.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Finally, Piper Sandler restated an “overweight” rating and set a $105.00 price objective (down from $107.00) on shares of Pathward Financial in a report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $101.00.

Insiders Place Their Bets

In related news, Director Elizabeth G. Hoople sold 4,500 shares of the company’s 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 sale, the director owned 28,050 shares of the company’s stock, valued at $2,308,234.50. The trade was a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.43% of the stock is currently owned by insiders.

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.