Persistent Asset Partners Ltd Invests $730,000 in Pathward Financial, Inc. $CASH

Persistent Asset Partners Ltd purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASHFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,287 shares of the savings and loans company’s stock, valued at approximately $730,000.

Other institutional investors also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new position in Pathward Financial during the 4th quarter worth $267,437,000. Royal Bank of Canada grew its position in shares of Pathward Financial by 21.2% in the 1st quarter. Royal Bank of Canada now owns 5,057 shares of the savings and loans company’s stock valued at $369,000 after buying an additional 886 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Pathward Financial by 61.3% in the first quarter. AQR Capital Management LLC now owns 9,152 shares of the savings and loans company’s stock valued at $668,000 after buying an additional 3,479 shares during the period. Millennium Management LLC increased its stake in shares of Pathward Financial by 264.1% in the first quarter. Millennium Management LLC now owns 128,645 shares of the savings and loans company’s stock valued at $9,385,000 after buying an additional 93,308 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Pathward Financial during the second quarter worth about $980,000. Institutional investors own 92.66% of the company’s stock.

Insider Buying and Selling

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. 1.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CASH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on Pathward Financial from $100.00 to $108.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Pathward Financial in a report on Friday, May 8th. Finally, Piper Sandler started coverage on shares of Pathward Financial in a research report on Thursday, March 12th. They issued an “overweight” rating and a $107.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Pathward Financial presently has a consensus rating of “Buy” and an average price target of $107.50.

Get Our Latest Stock Analysis on CASH

Pathward Financial Stock Performance

CASH stock opened at $83.30 on Wednesday. The stock has a 50-day moving average price of $86.58 and a 200-day moving average price of $84.42. Pathward Financial, Inc. has a 1-year low of $65.87 and a 1-year high of $101.26. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.76 billion, a PE ratio of 9.89 and a beta of 0.61.

Pathward Financial (NASDAQ:CASHGet Free Report) last announced its earnings results on Wednesday, April 22nd. The savings and loans company reported $3.35 EPS for the quarter, meeting the consensus estimate of $3.35. Pathward Financial had a return on equity of 22.35% and a net margin of 22.42%.The company had revenue of $276.30 million for the quarter, compared to analyst estimates of $272.04 million. During the same quarter in the prior year, the company earned $3.11 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Pathward Financial, Inc. will post 8.73 earnings per share for the current year.

Pathward Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be issued 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, June 11th. Pathward Financial’s dividend payout ratio is presently 2.38%.

About Pathward Financial

(Free Report)

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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Institutional Ownership by Quarter for Pathward Financial (NASDAQ:CASH)

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