Orchard Capital Management LLC Invests $1.84 Million in Pathward Financial, Inc. $CASH

Key Points

• Orchard Capital Management acquired 21,144 shares of Pathward Financial, valued at approximately $1.84 million, representing about 1.8% of its portfolio. Institutional investors collectively own 92.66% of the company.
• Pathward Financial reported quarterly EPS of $1.37, missing the $1.95 consensus estimate, while revenue of $189.64 million was slightly below expectations. Shares opened at $83.68, below the consensus analyst target of $101.
• The company declared a quarterly dividend of $0.05 per share, equivalent to an annualized dividend of $0.20 and a 0.2% yield. Analysts maintain a consensus “Buy” rating despite recent price-target reductions.

Orchard Capital Management LLC acquired a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,144 shares of the savings and loans company's stock, valued at approximately $1,841,000. Pathward Financial makes up about 1.8% of Orchard Capital Management LLC's portfolio, making the stock its 24th largest position. Orchard Capital Management LLC owned approximately 0.10% of Pathward Financial at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Seros Financial LLC acquired a new stake in Pathward Financial in the third quarter worth approximately $481,003,000. Revolve Wealth Partners LLC bought a new position in Pathward Financial during the 4th quarter valued at $267,437,000. BlackRock Inc. bought a new position in Pathward Financial during the 2nd quarter valued at $270,275,000. Bank of America Corp DE increased its position in shares of Pathward Financial by 571.3% during the 1st quarter. Bank of America Corp DE now owns 302,503 shares of the savings and loans company's stock valued at $26,992,000 after purchasing an additional 257,443 shares during the period. Finally, Comerica Bank increased its position in shares of Pathward Financial by 371.2% during the 4th quarter. Comerica Bank now owns 295,999 shares of the savings and loans company's stock valued at $21,016,000 after purchasing an additional 233,177 shares during the period. Institutional investors and hedge funds own 92.66% of the company's stock.

Pathward Financial Trading Down 0.3%

Shares of NASDAQ:CASH opened at $83.68 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.49 and a beta of 0.61. Pathward Financial, Inc. has a 1-year low of $65.87 and a 1-year high of $101.26. The company has a 50 day moving average price of $87.16 and a 200 day moving average price of $88.29.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 earnings per share (EPS) 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 company had revenue of $189.64 million during the quarter, compared to the consensus estimate 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. On average, research analysts anticipate that Pathward Financial, Inc. will post 7.93 EPS for the current fiscal year.

Pathward Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

CASH has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pathward Financial in a report on Wednesday, August 5th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $105.00 target price (down from $107.00) on shares of Pathward Financial 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 stock currently has a consensus rating of "Buy" and a consensus target price of $101.00.

Insider Activity

In other news, Director Elizabeth G. Hoople sold 4,500 shares of the business's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $82.29, for a total transaction of $370,305.00. Following the sale, the director directly owned 28,050 shares of the company's stock, valued at $2,308,234.50. The trade was a 13.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.43% of the stock is owned by company insiders.

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.

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.

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