3,104,464 Shares in Pathward Financial, Inc. $CASH Bought by BlackRock Inc.

BlackRock Inc. purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASH) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,104,464 shares of the savings and loans company’s stock, valued at approximately $270,275,000. BlackRock Inc. owned about 0.15% of Pathward Financial at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in shares of Pathward Financial by 43,200.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company’s stock valued at $34,000 after acquiring an additional 432 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Pathward Financial by 23.0% during 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 last quarter. State of Wyoming acquired a new position in shares of Pathward Financial during the 2nd quarter worth approximately $46,000. Rockefeller Capital Management L.P. raised its stake in Pathward Financial by 225.6% in the 4th 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 during the period. Finally, New Age Alpha Advisors LLC bought a new stake in Pathward Financial in the 4th quarter valued at $77,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Trading Down 1.9%

CASH stock opened at $81.99 on Thursday. 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’s 50-day simple moving average is $87.20 and its 200 day simple moving average is $88.08. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26. The company has a market capitalization of $1.70 billion, a PE ratio of 10.27 and a beta of 0.61.

Pathward Financial (NASDAQ:CASH) 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 analysts’ consensus estimates of $1.95 by ($0.58). Pathward Financial had a net margin of 21.03% and a return on equity of 20.61%. The business 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. As a group, sell-side analysts anticipate that Pathward Financial, Inc. will post 7.93 earnings per share for the current year.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is 2.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CASH shares. Piper Sandler reaffirmed 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. Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Pathward Financial from $108.00 to $97.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Pathward Financial currently has an average rating of “Buy” and a consensus target price of $101.00.

Insiders Place Their Bets

In other Pathward Financial news, Director Elizabeth G. Hoople sold 4,500 shares of Pathward Financial stock in a transaction on Friday, May 29th. The stock was sold at an average price of $82.29, for a total value of $370,305.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.43% of the stock is owned by corporate 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.