159,872 Shares in Pathward Financial, Inc. $CASH Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 159,872 shares of Pathward Financial, worth approximately $13.9 million, giving it a 0.76% stake. Institutional investors and hedge funds collectively own 92.66% of the company.
• Analysts maintain a generally positive outlook, with Pathward carrying an average “Buy” rating and a consensus price target of $101, despite recent target reductions from Keefe, Bruyette & Woods and Piper Sandler.
• Pathward reported quarterly earnings of $1.37 per share, missing estimates by $0.58, while revenue of $189.64 million was slightly below expectations. The company also declared a quarterly dividend of $0.05 per share, equivalent to a 0.2% annual yield.

Bank of New York Mellon Corp purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 159,872 shares of the savings and loans company's stock, valued at approximately $13,918,000. Bank of New York Mellon Corp owned 0.76% of Pathward Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Pathward Financial by 43,200.0% in the second quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company's stock valued at $34,000 after buying an additional 432 shares during the period. State of Wyoming acquired a new position in shares of Pathward Financial in the 2nd quarter worth approximately $46,000. Smartleaf Asset Management LLC lifted its position in shares of Pathward Financial by 23.0% in the 4th 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 period. Rockefeller Capital Management L.P. increased its position 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 buying an additional 591 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in Pathward Financial during the fourth quarter worth $77,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Pathward Financial Stock Performance

NASDAQ CASH opened at $80.34 on Wednesday. The company's 50 day moving average is $87.07 and its 200-day moving average is $87.76. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 12-month low of $65.87 and a 12-month high of $101.26. The firm has a market cap of $1.67 billion, a P/E ratio of 10.07 and a beta of 0.60.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its 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). Pathward Financial had a net margin of 21.03% and a return on equity of 20.61%. The company had revenue of $189.64 million during the quarter, compared to analysts' expectations of $191.18 million. 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. Sell-side analysts predict that Pathward Financial, Inc. will post 7.93 earnings per share for the current year.

Pathward Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a $0.05 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.20 annualized dividend and a yield of 0.2%. Pathward Financial's dividend payout ratio (DPR) is 2.51%.

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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