Van Hulzen Asset Management LLC Takes Position in Pathward Financial, Inc. $CASH

Key Points

• Van Hulzen Asset Management acquired 12,744 shares of Pathward Financial, valued at approximately $1.1 million, giving it a 0.06% stake. Institutional investors collectively own 92.66% of the company.
• Pathward Financial reported quarterly EPS of $1.37, missing analyst expectations of $1.95, while revenue of $189.64 million was slightly below estimates. The stock opened at $82.99, down 0.8%.
• Analysts maintain a consensus “Buy” rating with an average price target of $101, despite recent target reductions. The company also declared a quarterly dividend of $0.05 per share, yielding 0.2% annually.

Van Hulzen Asset Management LLC acquired a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,744 shares of the savings and loans company's stock, valued at approximately $1,109,000. Van Hulzen Asset Management LLC owned approximately 0.06% of Pathward Financial as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Pathward Financial by 43,200.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company's stock valued at $34,000 after buying an additional 432 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Pathward Financial by 23.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company's stock worth $45,000 after acquiring an additional 118 shares during the period. State of Wyoming bought a new position in shares of Pathward Financial in the second quarter valued at approximately $46,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Pathward Financial by 225.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 853 shares of the savings and loans company's stock valued at $61,000 after acquiring an additional 591 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Pathward Financial during the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 92.66% of the company's stock.

Pathward Financial Stock Down 0.8%

Shares of NASDAQ:CASH opened at $82.99 on Tuesday. 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 company has a market cap of $1.72 billion, a PE ratio of 10.40 and a beta of 0.61. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26. The firm has a 50 day simple moving average of $87.17 and a 200 day simple moving average of $88.21.

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 the consensus estimate of $1.95 by ($0.58). The firm had revenue of $189.64 million for the quarter, compared to analysts' expectations of $191.18 million. Pathward Financial had a return on equity of 20.61% and a net margin of 21.03%.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, research 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 will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 10th. Pathward Financial's payout ratio is presently 2.51%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CASH. Piper Sandler reaffirmed an "overweight" rating and set a $105.00 price target (down from $107.00) on shares of Pathward Financial in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods decreased their target price on Pathward Financial from $108.00 to $97.00 and set an "outperform" rating for the company in a research note on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pathward Financial in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Pathward Financial presently has a consensus rating of "Buy" and an average price target of $101.00.

Insiders Place Their Bets

In other Pathward Financial news, Director Elizabeth G. Hoople sold 4,500 shares of the firm's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $82.29, for a total transaction of $370,305.00. Following the completion of the sale, the director directly owned 28,050 shares in the company, valued at approximately $2,308,234.50. This trade represents a 13.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.43% of the company's stock.

Pathward Financial Company 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source