Empowered Funds LLC Makes New Investment in Pathward Financial, Inc. $CASH

Key Points

• Empowered Funds LLC acquired 101,634 shares of Pathward Financial, valued at approximately $8.85 million, representing about 0.49% of the company. Institutional investors and hedge funds collectively own 92.66% of the stock.
• Pathward Financial reported quarterly EPS of $1.37, missing the $1.95 analyst consensus, while revenue of $189.64 million was slightly below expectations. The stock opened at $81.50, with a 12-month range of $65.87 to $101.26.
• The company declared a quarterly dividend of $0.05, equal to an annualized yield of 0.2%. Analysts maintain a consensus “Buy” rating with an average price target of $101.00.

Empowered Funds LLC bought a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 101,634 shares of the savings and loans company's stock, valued at approximately $8,848,000. Empowered Funds LLC owned approximately 0.49% of Pathward Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in CASH. United Capital Financial Advisors LLC purchased a new position in shares of Pathward Financial during the second quarter worth approximately $962,000. Capstone Investment Advisors LLC acquired a new stake in Pathward Financial in the second quarter valued at about $618,000. Transamerica Financial Advisors LLC purchased a new stake in Pathward Financial in the 2nd quarter valued at approximately $95,000. Corient Private Wealth LP purchased a new position in Pathward Financial in the second quarter worth $213,000. Finally, Bank of America Corp DE acquired a new stake in shares of Pathward Financial in the second quarter valued at about $24,342,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Pathward Financial Stock Down 0.1%

CASH opened at $81.50 on Friday. Pathward Financial, Inc. has a 12 month low of $65.87 and a 12 month high of $101.26. The business has a 50-day moving average of $87.18 and a two-hundred day moving average of $87.95. 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 $1.69 billion, a price-to-earnings ratio of 10.21 and a beta of 0.61.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.58). The company had revenue of $189.64 million during 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. On average, research analysts expect that Pathward Financial, Inc. will post 7.93 earnings per share for the current year.

Pathward Financial Announces Dividend

The company 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 $0.05 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Pathward Financial's dividend payout ratio (DPR) is presently 2.51%.

Wall Street Analyst Weigh In

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

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.

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