48,370 Shares in Pathward Financial, Inc. $CASH Acquired by Denali Advisors LLC

Key Points

• Denali Advisors LLC acquired 48,370 shares of Pathward Financial, valued at approximately $4.21 million and representing about 0.23% of the company. Institutional investors collectively own 92.66% of Pathward’s stock.
• Analysts remain broadly positive, with three Buy ratings, an average “Buy” consensus, and a $101 price target, although Piper Sandler and Keefe, Bruyette & Woods recently lowered their targets.
• Pathward Financial’s latest quarterly results fell short of expectations, reporting $1.37 in EPS versus a $1.95 estimate and revenue of $189.64 million versus $191.18 million expected. Shares opened at $83.71, while the stock’s 52-week range is $65.87 to $101.26.

Denali Advisors LLC bought a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 48,370 shares of the savings and loans company's stock, valued at approximately $4,211,000. Denali Advisors LLC owned approximately 0.23% of Pathward Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CASH. Seros Financial LLC purchased a new stake in shares of Pathward Financial during the third quarter worth $481,003,000. Revolve Wealth Partners LLC purchased a new position in Pathward Financial in the fourth quarter valued at $267,437,000. BlackRock Inc. purchased a new position in Pathward Financial in the second quarter valued at $270,275,000. Bank of America Corp DE boosted its holdings in Pathward Financial by 571.3% in the first quarter. Bank of America Corp DE now owns 302,503 shares of the savings and loans company's stock valued at $26,992,000 after purchasing an additional 257,443 shares during the period. Finally, Comerica Bank grew 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 worth $21,016,000 after purchasing an additional 233,177 shares in the last quarter. Hedge funds and other institutional investors own 92.66% of the company's stock.

Insider Activity

In other news, Director Elizabeth G. Hoople sold 4,500 shares of the company's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $82.29, for a total value of $370,305.00. Following the completion of the transaction, the director owned 28,050 shares in the company, valued at approximately $2,308,234.50. This represents a 13.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.43% of the company's stock.

Analyst Ratings Changes

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

Pathward Financial Price Performance

CASH stock opened at $83.71 on Thursday. The business has a 50 day moving average price of $87.14 and a 200 day moving average price of $88.36. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 10.49 and a beta of 0.61. Pathward Financial, Inc. has a fifty-two week low of $65.87 and a fifty-two week high of $101.26. 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 (NASDAQ:CASH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 EPS for the quarter, missing the consensus estimate 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. Equities research analysts anticipate that Pathward Financial, Inc. will post 7.93 earnings per share for the current fiscal year.

Pathward Financial Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source