Engineers Gate Manager LP Grows Stake in Pathward Financial, Inc. $CASH

Key Points

• Engineers Gate Manager LP increased its Pathward Financial stake by 178.1% in the second quarter, bringing its holdings to 31,090 shares worth approximately $2.7 million. Institutional investors collectively own 92.66% of the company.
• Analysts maintain a positive outlook, with a consensus “Buy” rating and a $101 price target, although Piper Sandler and Keefe, Bruyette & Woods recently reduced their targets.
• Pathward reported quarterly earnings of $1.37 per share, below the $1.95 consensus estimate, while revenue of $189.64 million was slightly under expectations. The company also declared a quarterly dividend of $0.05 per share, yielding about 0.3%.

Engineers Gate Manager LP boosted its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 178.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,090 shares of the savings and loans company's stock after acquiring an additional 19,911 shares during the quarter. Engineers Gate Manager LP owned about 0.15% of Pathward Financial worth $2,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CASH. Rockefeller Capital Management L.P. lifted its stake 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 valued at $61,000 after purchasing an additional 591 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Pathward Financial during the 4th quarter valued at approximately $77,000. Transamerica Financial Advisors LLC purchased a new stake in Pathward Financial during the 2nd quarter valued at $95,000. Nykredit A S purchased a new stake in Pathward Financial during the 2nd quarter valued at $163,000. Finally, PNC Financial Services Group Inc. lifted its position in Pathward Financial by 9.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,310 shares of the savings and loans company's stock worth $206,000 after buying an additional 200 shares during the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CASH. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pathward Financial in a research note on Wednesday, August 5th. 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 note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods lowered their target price 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $101.00.

Pathward Financial Price Performance

CASH opened at $78.78 on Tuesday. The business has a fifty day moving average of $85.80 and a 200 day moving average of $87.01. The stock has a market cap of $1.64 billion, a P/E ratio of 9.87 and a beta of 0.60. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 52-week low of $65.87 and a 52-week high of $101.26.

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 business had revenue of $189.64 million during the quarter, compared to analysts' expectations 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, sell-side analysts anticipate 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 paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 10th. Pathward Financial's dividend payout ratio (DPR) is currently 2.51%.

Pathward Financial Profile

Pathward Financial, Inc NASDAQ: CASH is a financial services holding company headquartered in Sioux Falls, South Dakota. Its principal subsidiary, Pathward, National Association, is a federally chartered bank that provides banking and financial solutions through a range of business lines rather than operating primarily as a traditional branch-based bank.

Pathward's offerings include consumer banking products, prepaid and debit card programs, tax-related financial services, payments solutions and commercial finance products.

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