Man Group plc Invests $2.55 Million in Pathward Financial, Inc. $CASH

Key Points

• Man Group plc acquired 29,250 shares of Pathward Financial, valued at approximately $2.55 million, giving it a 0.14% stake. Several other institutional investors also initiated positions, and institutions collectively own 92.66% of the company.
• Analysts maintain a generally positive view, with an overall “Buy” rating and a consensus price target of $101, although Piper Sandler and Keefe, Bruyette & Woods recently lowered their targets.
• Pathward Financial reported quarterly earnings of $1.37 per share, missing the $1.95 consensus estimate, while revenue of $189.64 million was slightly below expectations. The company also declared a quarterly dividend of $0.05 per share, representing a 0.2% annualized yield.

Man Group plc bought a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,250 shares of the savings and loans company's stock, valued at approximately $2,547,000. Man Group plc owned 0.14% of Pathward Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jupiter Topco LLC bought a new stake in Pathward Financial in the second quarter valued at $1,746,000. Hsbc Holdings PLC bought a new position in Pathward Financial in the 2nd quarter worth $746,000. Canada Pension Plan Investment Board purchased a new stake in shares of Pathward Financial in the 2nd quarter worth about $270,000. Legal & General Group Plc purchased a new stake in shares of Pathward Financial in the 2nd quarter worth about $4,509,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Pathward Financial during the 2nd quarter valued at about $861,000. Institutional investors own 92.66% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CASH shares. Piper Sandler reissued an "overweight" rating and issued a $105.00 price target (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 report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods decreased their price objective on 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 currently has an average rating of "Buy" and a consensus target price of $101.00.

Pathward Financial Stock Performance

Shares of CASH opened at $81.46 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.69 billion, a P/E ratio of 10.21 and a beta of 0.61. The business's 50 day moving average price is $87.16 and its 200-day moving average price is $87.83. 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 posted its quarterly earnings data 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). The company had revenue of $189.64 million for the quarter, compared to the consensus estimate 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. Equities research analysts anticipate that Pathward Financial, Inc. will post 7.93 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Pathward Financial's dividend payout ratio (DPR) is presently 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.

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