Connor Clark & Lunn Investment Management Ltd. Makes New $2.32 Million Investment in Pathward Financial, Inc. $CASH

Key Points

• Connor Clark & Lunn Investment Management acquired 26,633 Pathward Financial shares worth approximately $2.32 million, representing about 0.13% of the company. Institutional investors collectively own 92.66% of Pathward’s stock.
• Pathward reported quarterly earnings of $1.37 per share, missing the $1.95 consensus estimate, while revenue of $189.64 million was slightly below expectations. Analysts currently maintain a consensus “Buy” rating with a $101 price target.
• The company declared a quarterly dividend of $0.05 per share, equivalent to $0.20 annually and a 0.2% yield. Shares opened at $81.50, compared with a 52-week range of $65.87 to $101.26.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,633 shares of the savings and loans company's stock, valued at approximately $2,319,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of Pathward Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Pathward Financial by 43,200.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company's stock worth $34,000 after buying an additional 432 shares during the last quarter. State of Wyoming purchased a new stake in Pathward Financial in the second quarter valued at about $46,000. Smartleaf Asset Management LLC boosted its holdings in Pathward Financial by 23.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company's stock worth $45,000 after acquiring an additional 118 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Pathward Financial by 225.6% in the fourth 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 in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Pathward Financial during the fourth quarter worth about $77,000. Hedge funds and other institutional investors own 92.66% of the company's stock.

Pathward Financial Price Performance

NASDAQ:CASH opened at $81.50 on Friday. Pathward Financial, Inc. has a one year low of $65.87 and a one year high of $101.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 10.21 and a beta of 0.61. The firm's fifty day moving average is $87.18 and its two-hundred day moving average is $87.95.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $189.64 million for the quarter, compared to analysts' expectations 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. Research analysts expect that Pathward Financial, Inc. will post 7.93 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors 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 0.2%. The ex-dividend date is Thursday, September 10th. Pathward Financial's dividend payout ratio (DPR) is currently 2.51%.

Analysts Set New Price Targets

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

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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