Wellington Management Group LLP Makes New Investment in Pathward Financial, Inc. $CASH

Wellington Management Group LLP acquired a new stake in Pathward Financial, Inc. (NASDAQ:CASH) during the second quarter, Holdings Channel.com reports. The fund acquired 85,691 shares of the savings and loans company’s stock, valued at approximately $7,460,000.

Other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in shares of Pathward Financial by 2.4% in the 4th quarter. Cetera Investment Advisers now owns 4,816 shares of the savings and loans company’s stock worth $342,000 after acquiring an additional 113 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 valued at $45,000 after purchasing an additional 118 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Pathward Financial by 2.3% during the 2nd quarter. Osaic Holdings Inc. now owns 5,826 shares of the savings and loans company’s stock valued at $461,000 after purchasing an additional 133 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in Pathward Financial by 3.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,528 shares of the savings and loans company’s stock worth $315,000 after purchasing an additional 134 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in Pathward Financial by 5.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 3,019 shares of the savings and loans company’s stock worth $269,000 after purchasing an additional 160 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Pathward Financial in a report on Wednesday, August 5th. Keefe, Bruyette & Woods lowered their price target on Pathward Financial from $108.00 to $97.00 and set an “outperform” rating for the company 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 research note on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $101.00.

Pathward Financial Stock Performance

CASH stock opened at $81.06 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.68 billion, a PE ratio of 10.16 and a beta of 0.60. The business has a 50 day moving average of $86.63 and a 200-day moving average of $87.43. Pathward Financial, Inc. has a 12-month low of $65.87 and a 12-month high of $101.26.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.58). Pathward Financial had a return on equity of 20.61% and a net margin of 21.03%.The business had revenue of $189.64 million for the quarter, compared to the consensus estimate of $191.18 million. 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. As a group, sell-side analysts expect that Pathward Financial, Inc. will post 7.93 earnings per share 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 paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, September 10th. Pathward Financial’s payout ratio is presently 2.51%.

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.