85,691 Shares in Pathward Financial, Inc. $CASH Acquired by Wellington Management Group LLP

Key Points

• Wellington Management Group acquired 85,691 shares of Pathward Financial, worth approximately $7.46 million, giving it a 0.41% stake. Institutional investors collectively own 92.66% of the company.
• Pathward Financial’s shares opened at $81.06, down 2.6%, after the company reported quarterly earnings of $1.37 per share—below the $1.95 consensus estimate. Revenue was $189.64 million, also slightly below expectations.
• Analysts maintain a consensus “Buy” rating with an average price target of $101, while the company declared a quarterly dividend of $0.05 per share, equivalent to a 0.2% annual yield.

Wellington Management Group LLP bought a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 85,691 shares of the savings and loans company's stock, valued at approximately $7,460,000. Wellington Management Group LLP owned about 0.41% of Pathward Financial at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in shares of Pathward Financial in the 4th quarter valued at $267,437,000. Royal Bank of Canada lifted its holdings in Pathward Financial by 21.2% in the first 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 period. AQR Capital Management LLC lifted its holdings in 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 boosted its position in Pathward Financial by 264.1% during 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 acquiring an additional 93,308 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Pathward Financial during the second quarter valued at $980,000. Institutional investors own 92.66% of the company's stock.

Pathward Financial Stock Down 2.6%

Shares of NASDAQ CASH opened at $81.06 on Wednesday. The firm has a market cap of $1.68 billion, a PE ratio of 10.16 and a beta of 0.60. Pathward Financial, Inc. has a 12-month low of $65.87 and a 12-month high of $101.26. The company's fifty day simple moving average is $86.63 and its 200 day simple moving average is $87.43. 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 posted its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 earnings per share 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 the consensus estimate 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. As a group, sell-side analysts forecast that Pathward Financial, Inc. will post 7.93 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

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

Analysts Set New Price Targets

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 restated a "buy (b)" rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Finally, Piper Sandler restated an "overweight" rating and set a $105.00 target price (down from $107.00) on shares of Pathward Financial in a research report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $101.00.

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.

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