Deutsche Bank AG Takes Position in Pathward Financial, Inc. $CASH

Deutsche Bank AG purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 148,115 shares of the savings and loans company's stock, valued at approximately $12,895,000. Deutsche Bank AG owned approximately 0.70% of Pathward Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CASH. Bank of New York Mellon Corp acquired a new stake in Pathward Financial in the second quarter valued at $13,918,000. GSA Capital Partners LLP bought a new stake in shares of Pathward Financial in the 2nd quarter worth about $483,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Pathward Financial in the 2nd quarter valued at about $2,391,000. Wedge Capital Management L L P NC raised its stake in shares of Pathward Financial by 8.8% in the 2nd quarter. Wedge Capital Management L L P NC now owns 13,707 shares of the savings and loans company's stock valued at $1,193,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Pathward Financial in the 1st quarter valued at about $8,671,000. Institutional investors own 92.66% of the company's stock.

Insiders Place Their Bets

In other Pathward Financial news, Director Elizabeth G. Hoople sold 4,500 shares of the company's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $82.29, for a total value of $370,305.00. Following the transaction, the director directly owned 28,050 shares of the company's stock, valued at $2,308,234.50. This represents a 13.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.43% of the stock is currently owned by insiders.

Pathward Financial Trading Down 0.3%

Pathward Financial stock opened at $83.68 on Friday. Pathward Financial, Inc. has a 12-month low of $65.87 and a 12-month high of $101.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $1.74 billion, a PE ratio of 10.49 and a beta of 0.61. The firm has a 50 day simple moving average of $87.16 and a 200-day simple moving average of $88.29.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its 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 firm had revenue of $189.64 million during the quarter, compared to analyst estimates 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, equities research analysts expect that Pathward Financial, Inc. will post 7.93 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on CASH. Weiss Ratings reiterated a "buy (b)" rating on shares of Pathward Financial in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods cut their price objective on Pathward Financial from $108.00 to $97.00 and set an "outperform" rating on the stock in a research note on Thursday, July 23rd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $105.00 target price (down from $107.00) on shares of Pathward Financial in a report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target 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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