19,149 Shares in Pathward Financial, Inc. $CASH Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 19,149 Pathward Financial shares valued at approximately $1.67 million, while institutional investors collectively own 92.66% of the company.
• Analysts maintained a generally positive outlook, with a consensus “Buy” rating and a $101 price target, although Piper Sandler and Keefe, Bruyette & Woods lowered their individual targets.
• Pathward reported quarterly EPS of $1.37, below the $1.95 consensus estimate, while revenue of $189.64 million was slightly under expectations. The company also announced a $0.05 quarterly dividend, equivalent to a 0.3% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,149 shares of the savings and loans company's stock, valued at approximately $1,667,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.09% of Pathward Financial as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Seros Financial LLC purchased a new position in shares of Pathward Financial during the third quarter valued at $481,003,000. Revolve Wealth Partners LLC purchased a new stake in Pathward Financial in the fourth quarter worth about $267,437,000. BlackRock Inc. purchased a new stake in Pathward Financial in the second quarter worth about $270,275,000. California State Teachers Retirement System grew its holdings in Pathward Financial by 7,440.6% during the 2nd quarter. California State Teachers Retirement System now owns 2,156,912 shares of the savings and loans company's stock worth $187,781,000 after acquiring an additional 2,128,308 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC bought a new position in Pathward Financial during the 2nd quarter worth about $30,633,802. 92.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

CASH has been the subject of several recent research reports. Piper Sandler restated an "overweight" rating and issued a $105.00 price target (down from $107.00) on shares of Pathward Financial in a report on Thursday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Pathward Financial in a research note on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Pathward Financial from $108.00 to $97.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $101.00.

Pathward Financial Trading Down 0.7%

Shares of NASDAQ:CASH opened at $78.62 on Friday. The business's 50-day moving average is $86.03 and its 200 day moving average is $87.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.81. Pathward Financial, Inc. has a 1 year low of $65.87 and a 1 year high of $101.26. The firm has a market capitalization of $1.63 billion, a P/E ratio of 9.85 and a beta of 0.60.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its quarterly 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 return on equity of 20.61% and a net margin of 21.03%.The business had revenue of $189.64 million for 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. On average, research analysts predict that Pathward Financial, Inc. will post 7.93 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 10th. Pathward Financial's payout ratio is currently 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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