Shares of Pathward Financial, Inc. (NASDAQ:CASH – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $84.16 and traded as low as $82.93. Pathward Financial shares last traded at $84.17, with a volume of 278,082 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on Pathward Financial from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a research note on Friday, May 8th. Finally, Piper Sandler assumed coverage on shares of Pathward Financial in a report on Thursday, March 12th. They issued an “overweight” rating and a $107.00 target price for the company. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $107.50.
Get Our Latest Analysis on Pathward Financial
Pathward Financial Trading Up 1.5%
Pathward Financial (NASDAQ:CASH – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The savings and loans company reported $3.35 EPS for the quarter, hitting the consensus estimate of $3.35. Pathward Financial had a return on equity of 22.35% and a net margin of 22.42%.The firm had revenue of $276.30 million for the quarter, compared to the consensus estimate of $272.04 million. During the same period in the previous year, the business earned $3.11 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. Analysts predict that Pathward Financial, Inc. will post 8.73 EPS for the current year.
Pathward Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, June 11th. Pathward Financial’s dividend payout ratio is currently 2.38%.
Insider Buying and Selling at Pathward Financial
In other news, Director Douglas J. Hajek sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $86.37, for a total transaction of $431,850.00. Following the completion of the sale, the director owned 12,281 shares of the company’s stock, valued at $1,060,709.97. This trade represents a 28.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Elizabeth G. Hoople sold 4,500 shares of Pathward Financial stock in a transaction on Friday, May 29th. The shares were sold at an average price of $82.29, for a total transaction of $370,305.00. Following the completion of the sale, the director owned 28,050 shares of the company’s stock, valued at $2,308,234.50. This represents a 13.82% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.43% of the company’s stock.
Institutional Investors Weigh In On Pathward Financial
Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Pathward Financial by 19.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 159,673 shares of the savings and loans company’s stock valued at $11,476,000 after buying an additional 26,446 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Pathward Financial by 15.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 142,215 shares of the savings and loans company’s stock worth $10,525,000 after acquiring an additional 18,720 shares during the last quarter. Vinva Investment Management Ltd lifted its position in Pathward Financial by 24.2% in the 3rd quarter. Vinva Investment Management Ltd now owns 188,804 shares of the savings and loans company’s stock valued at $13,973,000 after acquiring an additional 36,781 shares in the last quarter. Comerica Bank boosted its stake in Pathward Financial by 371.2% during the 4th quarter. Comerica Bank now owns 295,999 shares of the savings and loans company’s stock valued at $21,016,000 after purchasing an additional 233,177 shares during the last quarter. Finally, Revolve Wealth Partners LLC bought a new stake in Pathward Financial during the 4th quarter worth approximately $267,437,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.
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.
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