Pathward Financial, Inc. $CASH Shares Purchased by Royal Bank of Canada

Royal Bank of Canada raised its stake in Pathward Financial, Inc. (NASDAQ:CASH) by 414.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 24,348 shares of the savings and loans company’s stock after purchasing an additional 19,619 shares during the period. Royal Bank of Canada’s holdings in Pathward Financial were worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Pathward Financial by 43,200.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 432 shares during the last quarter. State of Wyoming purchased a new stake in shares of Pathward Financial during the second quarter worth approximately $46,000. Smartleaf Asset Management LLC raised its stake in shares of Pathward Financial by 23.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company’s stock worth $45,000 after purchasing an additional 118 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Pathward Financial by 225.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 853 shares of the savings and loans company’s stock worth $61,000 after purchasing an additional 591 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Pathward Financial during the fourth quarter worth $77,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Pathward Financial Stock Down 1.5%

CASH opened at $85.39 on Tuesday. 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 $1.77 billion, a P/E ratio of 10.70 and a beta of 0.61. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26. The business’s fifty day simple moving average is $87.03 and its 200 day simple moving average is $88.41.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $191.18 million. Pathward Financial had a net margin of 21.03% and a return on equity of 20.61%. 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, equities research analysts anticipate that Pathward Financial, Inc. will post 7.93 EPS for the current fiscal year.

Pathward Financial Announces Dividend

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

Insider Transactions at Pathward Financial

In other news, Director Elizabeth G. Hoople sold 4,500 shares of Pathward Financial 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 transaction, the director directly owned 28,050 shares of the company’s stock, valued at $2,308,234.50. The trade was a 13.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CASH shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pathward Financial in a report on Wednesday, August 5th. Keefe, Bruyette & Woods cut their price target on shares of Pathward Financial from $108.00 to $97.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Finally, Piper Sandler restated an “overweight” rating and issued a $105.00 price objective (down from $107.00) on shares of Pathward Financial in a research report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $101.00.

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.