AlphaQuest LLC Buys Shares of 20,119 Pathward Financial, Inc. $CASH

AlphaQuest LLC bought a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 20,119 shares of the savings and loans company’s stock, valued at approximately $1,592,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CASH. First Citizens Bank & Trust Co. increased its position in shares of Pathward Financial by 101.5% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,523 shares of the savings and loans company’s stock valued at $516,000 after buying an additional 3,285 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Pathward Financial in the 2nd quarter worth $1,357,000. Koshinski Asset Management Inc. acquired a new position in Pathward Financial in the 2nd quarter worth $258,000. RMR Capital Management LLC boosted its stake in Pathward Financial by 3.9% in the 2nd quarter. RMR Capital Management LLC now owns 40,091 shares of the savings and loans company’s stock worth $3,172,000 after purchasing an additional 1,503 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Pathward Financial by 124.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,744 shares of the savings and loans company’s stock worth $534,000 after purchasing an additional 3,741 shares during the period. Institutional investors own 92.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Pathward Financial in a research note on Friday. Keefe, Bruyette & Woods increased their price target on Pathward Financial from $86.00 to $88.00 and gave the company a “market perform” rating in a research report on Friday, July 11th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Pathward Financial has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Pathward Financial Stock Up 0.5%

CASH stock opened at $71.51 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $75.46 and a two-hundred day moving average price of $76.86. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 9.05 and a beta of 0.62. Pathward Financial, Inc. has a twelve month low of $64.45 and a twelve month high of $86.00.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Tuesday, October 21st. The savings and loans company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.30. Pathward Financial had a net margin of 22.45% and a return on equity of 22.97%. The business had revenue of $186.70 million during the quarter, compared to the consensus estimate of $189.50 million. During the same period last year, the business posted $1.35 EPS. Pathward Financial’s revenue was up 11.2% on a year-over-year basis. Pathward Financial has set its FY 2026 guidance at 8.250-8.750 EPS. Analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is 2.53%.

Pathward Financial Company Profile

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.