Legal & General Group Plc Takes $4.51 Million Position in Pathward Financial, Inc. $CASH

Key Points

• Legal & General Group Plc acquired a new 51,792-share stake in Pathward Financial valued at approximately $4.51 million, representing 0.25% ownership. Institutional investors collectively own 92.66% of the company.
• Pathward shares opened at $83.19, with the stock valued at $1.73 billion and trading below its 50-day and 200-day moving averages. The company’s latest quarterly earnings of $1.37 per share missed analysts’ $1.95 estimate.
• Analysts maintain a consensus “Buy” rating with a $101 target price, while Pathward declared a quarterly dividend of $0.05 per share, equivalent to a 0.2% annual yield.

Legal & General Group Plc acquired a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,792 shares of the savings and loans company's stock, valued at approximately $4,509,000. Legal & General Group Plc owned 0.25% of Pathward Financial as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its position in Pathward Financial by 2.4% in the fourth quarter. Cetera Investment Advisers now owns 4,816 shares of the savings and loans company's stock worth $342,000 after acquiring an additional 113 shares during the period. Smartleaf Asset Management LLC increased its position in Pathward Financial by 23.0% in 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 in the last quarter. Osaic Holdings Inc. increased its position in Pathward Financial by 2.3% in the second quarter. Osaic Holdings Inc. now owns 5,826 shares of the savings and loans company's stock worth $461,000 after buying an additional 133 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Pathward Financial by 3.9% in the first quarter. Pictet Asset Management Holding SA now owns 3,528 shares of the savings and loans company's stock worth $315,000 after buying an additional 134 shares during the period. Finally, Koshinski Asset Management Inc. lifted its position in shares of Pathward Financial by 5.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 3,019 shares of the savings and loans company's stock valued at $269,000 after buying an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 92.66% of the company's stock.

Pathward Financial Stock Up 0.5%

Shares of CASH stock opened at $83.19 on Friday. The company's fifty day simple moving average is $86.82 and its two-hundred day simple moving average is $87.62. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26. The stock has a market cap of $1.73 billion, a P/E ratio of 10.42 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 (NASDAQ:CASH - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 EPS 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 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. Analysts predict that Pathward Financial, Inc. will post 7.93 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CASH shares. Piper Sandler restated an "overweight" rating and set a $105.00 target price (down from $107.00) on shares of Pathward Financial in a research note on Thursday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods reduced 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. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price 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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