Empowered Funds LLC Invests $8.67 Million in Pathward Financial, Inc. $CASH

Key Points

• Empowered Funds LLC acquired 97,176 shares of Pathward Financial worth approximately $8.67 million, giving it a 0.46% stake. Institutional investors collectively own 92.66% of the company.
• Pathward Financial reported quarterly earnings of $1.37 per share, missing analysts’ $1.95 estimate, while revenue of $189.64 million was slightly below expectations.
• Analysts maintain a consensus “Buy” rating with a $101 price target, compared with the stock’s reported price of $86.67; the company also pays a $0.05 quarterly dividend.

Empowered Funds LLC acquired a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 97,176 shares of the savings and loans company's stock, valued at approximately $8,671,000. Empowered Funds LLC owned about 0.46% of Pathward Financial at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Pathward Financial by 43,200.0% in the second quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company's stock valued at $34,000 after purchasing an additional 432 shares during the period. Smartleaf Asset Management LLC lifted its position in Pathward Financial by 23.0% during the fourth 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 during the period. State of Wyoming purchased a new position in Pathward Financial during the second quarter worth about $46,000. Rockefeller Capital Management L.P. boosted its stake in 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 buying an additional 591 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Pathward Financial in the 4th quarter worth about $77,000. Institutional investors and hedge funds own 92.66% of the company's stock.

Insider Activity at Pathward Financial

In related news, Director Elizabeth G. Hoople sold 4,500 shares of Pathward Financial stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.43% of the company's stock.

Pathward Financial Stock Performance

Shares of NASDAQ:CASH opened at $86.67 on Friday. The firm has a market capitalization of $1.80 billion, a PE ratio of 10.86 and a beta of 0.61. 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 business has a 50-day moving average of $86.93 and a two-hundred day moving average of $88.40. Pathward Financial, Inc. has a 12 month low of $65.87 and a 12 month high of $101.26.

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 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 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, research analysts forecast that Pathward Financial, Inc. will post 7.93 earnings per share for the current year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, June 11th. Pathward Financial's dividend payout ratio (DPR) is currently 2.51%.

Wall Street Analysts Forecast Growth

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

Pathward Financial Company 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.

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