Emerald Investment Advisers LLC Invests $2.75 Million in Pathward Financial, Inc. $CASH

Key Points

• Emerald Investment Advisers acquired 31,552 shares of Pathward Financial, valued at approximately $2.75 million and representing about 0.15% of the company. Institutional investors collectively own 92.66% of the stock.
• Analysts maintain a generally positive outlook, with an average “Buy” rating and a $101 price target, although Keefe, Bruyette & Woods and Piper Sandler recently lowered their targets.
• Pathward Financial reported quarterly EPS of $1.37, missing the $1.95 consensus estimate, while shares opened at $83.68. The company also declared a quarterly dividend of $0.05 per share, yielding approximately 0.2%.

Emerald Investment Advisers LLC acquired a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 31,552 shares of the savings and loans company's stock, valued at approximately $2,747,000. Emerald Investment Advisers LLC owned about 0.15% of Pathward Financial as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Pathward Financial by 43,200.0% during the second quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company's stock valued at $34,000 after acquiring an additional 432 shares during the period. State of Wyoming acquired a new position in Pathward Financial in the 2nd quarter valued at approximately $46,000. Smartleaf Asset Management LLC lifted its position in shares of Pathward Financial by 23.0% in the 4th 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 during the period. Rockefeller Capital Management L.P. lifted its position 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 acquired a new stake in shares of Pathward Financial during the 4th quarter worth approximately $77,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Pathward Financial

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings restated a "buy (b)" rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods reduced their target price on Pathward Financial from $108.00 to $97.00 and set an "outperform" rating for the company in a research report on Thursday, July 23rd. Finally, Piper Sandler reiterated an "overweight" rating and set a $105.00 price target (down from $107.00) on shares of Pathward Financial in a research note on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $101.00.

Pathward Financial Stock Down 0.3%

Shares of NASDAQ:CASH 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 debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.82. The company's fifty day moving average is $87.16 and its 200-day moving average is $88.29. The company has a market capitalization of $1.74 billion, a PE ratio of 10.49 and a beta of 0.61.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its 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 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 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. Equities research analysts predict 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 10th. Pathward Financial's dividend payout ratio is currently 2.51%.

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.

Want to see what other hedge funds are holding CASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pathward Financial, Inc. (NASDAQ:CASH - Free Report).

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