Chou Associates Management Inc. purchased a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,389 shares of the savings and loans company's stock, valued at approximately $2,384,000. Pathward Financial accounts for approximately 1.1% of Chou Associates Management Inc.'s investment portfolio, making the stock its 16th largest holding. Chou Associates Management Inc. owned approximately 0.13% of Pathward Financial at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of CASH. EverSource Wealth Advisors LLC grew its position in Pathward Financial by 43,200.0% in the 2nd 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 in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Pathward Financial by 23.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company's stock worth $45,000 after buying an additional 118 shares in the last quarter. State of Wyoming acquired a new stake in shares of Pathward Financial in the 2nd quarter worth approximately $46,000. Rockefeller Capital Management L.P. lifted its stake in shares of Pathward Financial by 225.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 853 shares of the savings and loans company's stock worth $61,000 after acquiring an additional 591 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Pathward Financial in the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 92.66% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Piper Sandler reiterated an "overweight" rating and set a $105.00 price objective (down from $107.00) on shares of Pathward Financial in a research note 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, 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 research note on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $101.00.
View Our Latest Research Report on Pathward Financial
Pathward Financial Price Performance
Shares of Pathward Financial stock opened at $83.68 on Friday. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.74 billion, a PE ratio of 10.49 and a beta of 0.61. The company's 50-day moving average price is $87.16 and its two-hundred day moving average price is $88.29.
Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $189.64 million for the quarter, compared to the consensus estimate of $191.18 million. Pathward Financial had a net margin of 21.03% and a return on equity of 20.61%. 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 anticipate that Pathward Financial, Inc. will post 7.93 EPS for the current fiscal year.
Pathward Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, September 10th. Pathward Financial's dividend payout ratio (DPR) is presently 2.51%.
Insiders Place Their Bets
In other Pathward Financial news, Director Elizabeth G. Hoople sold 4,500 shares of Pathward Financial stock in a transaction that occurred 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 transaction, the director owned 28,050 shares in the company, valued at approximately $2,308,234.50. The trade was a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.43% of the company's stock.
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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