Quantinno Capital Management LP Buys Shares of 12,341 Pathward Financial, Inc. $CASH

Key Points

• Quantinno Capital Management initiated a 12,341-share position in Pathward Financial worth approximately $1.1 million, while institutional investors collectively own 92.66% of the company.
• Analysts maintained a positive outlook, with a consensus “Buy” rating and a $101 target price, despite recent target-price reductions by Piper Sandler and Keefe, Bruyette & Woods.
• Pathward reported quarterly EPS of $1.37, below the $1.95 consensus estimate, while revenue of $189.64 million was slightly below expectations; shares opened at $86.67 and the company pays a $0.05 quarterly dividend.

Quantinno Capital Management LP purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,341 shares of the savings and loans company's stock, valued at approximately $1,101,000. Quantinno Capital Management LP owned 0.06% of Pathward Financial at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Seros Financial LLC acquired a new position in Pathward Financial in the third quarter valued at approximately $481,003,000. Revolve Wealth Partners LLC acquired a new stake in Pathward Financial during the fourth quarter worth $267,437,000. Comerica Bank increased its stake in Pathward Financial by 371.2% during the fourth quarter. Comerica Bank now owns 295,999 shares of the savings and loans company's stock worth $21,016,000 after acquiring an additional 233,177 shares during the last quarter. Millennium Management LLC raised its position in Pathward Financial by 181.6% in the fourth quarter. Millennium Management LLC now owns 204,437 shares of the savings and loans company's stock valued at $14,515,000 after purchasing an additional 131,847 shares during the period. Finally, Sei Investments Co. raised its position in Pathward Financial by 1,637.5% in the first quarter. Sei Investments Co. now owns 131,371 shares of the savings and loans company's stock valued at $11,722,000 after purchasing an additional 123,810 shares during the period. Institutional investors and hedge funds own 92.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CASH shares. Piper Sandler reiterated an "overweight" rating and set a $105.00 price target (down from $107.00) on shares of Pathward Financial in a report on Thursday, July 23rd. Keefe, Bruyette & Woods reduced their price objective 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 reaffirmed 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, According to data from MarketBeat.com, Pathward Financial 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 firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $82.29, for a total value of $370,305.00. Following the completion of the transaction, the director owned 28,050 shares of the company's stock, valued at approximately $2,308,234.50. This trade represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.43% of the company's stock.

Pathward Financial Trading Up 0.6%

CASH opened at $86.67 on Friday. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26. 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 business has a fifty day simple moving average of $86.93 and a 200-day simple moving average of $88.40. The firm has a market cap of $1.80 billion, a P/E ratio of 10.86 and a beta of 0.61.

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 (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 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. On average, equities analysts expect that Pathward Financial, Inc. will post 7.93 earnings per share for the current year.

Pathward Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, June 11th. Pathward Financial's dividend payout ratio is currently 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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