Renaissance Technologies LLC Makes New $4.11 Million Investment in Pathward Financial, Inc. $CASH

Renaissance Technologies LLC acquired a new stake in Pathward Financial, Inc. (NASDAQ:CASH) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 46,058 shares of the savings and loans company’s stock, valued at approximately $4,110,000.

Several other hedge funds have also added to or reduced their stakes in CASH. Seros Financial LLC bought a new position in Pathward Financial during the third quarter worth about $481,003,000. Revolve Wealth Partners LLC bought a new stake in shares of Pathward Financial in the fourth quarter worth about $267,437,000. Comerica Bank raised its position 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 worth $21,016,000 after purchasing an additional 233,177 shares during the period. Millennium Management LLC raised its position in shares of Pathward Financial by 181.6% during the fourth quarter. Millennium Management LLC now owns 204,437 shares of the savings and loans company’s stock worth $14,515,000 after purchasing an additional 131,847 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Pathward Financial by 1,637.5% during the 1st quarter. Sei Investments Co. now owns 131,371 shares of the savings and loans company’s stock valued at $11,722,000 after purchasing an additional 123,810 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CASH. Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday. Piper Sandler restated an “overweight” rating and set a $105.00 target price (down from $107.00) on shares of Pathward Financial in a report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods cut 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 note on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $101.00.

Pathward Financial Stock Down 2.0%

Shares of Pathward Financial stock opened at $86.85 on Friday. The firm has a market cap of $1.83 billion, a PE ratio of 10.88 and a beta of 0.61. The business’s 50 day simple moving average is $86.25 and its 200 day simple moving average is $88.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.82. Pathward Financial, Inc. has a 52-week low of $65.87 and a 52-week high of $101.26.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.58). The firm had revenue of $189.64 million for the quarter, compared to analyst estimates 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. On average, analysts predict that Pathward Financial, Inc. will post 7.93 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 11th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.20 annualized dividend and a yield of 0.2%. Pathward Financial’s dividend payout ratio is presently 2.51%.

Insiders Place Their Bets

In related news, Director Elizabeth G. Hoople sold 4,500 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $82.29, for a total value of $370,305.00. Following the completion of the transaction, the director owned 28,050 shares of the company’s stock, valued at approximately $2,308,234.50. This trade represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.43% of the company’s stock.

Pathward Financial 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.