Freestone Grove Partners LP Makes New Investment in Pathward Financial, Inc. $CASH

Freestone Grove Partners LP bought a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,445 shares of the savings and loans company’s stock, valued at approximately $909,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of 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 worth $34,000 after buying an additional 432 shares during the period. Smartleaf Asset Management LLC grew its position in Pathward Financial by 23.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company’s stock valued at $45,000 after acquiring an additional 118 shares during the period. State of Wyoming acquired a new position in Pathward Financial during the second quarter worth $46,000. Rockefeller Capital Management L.P. raised its stake in Pathward Financial by 225.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 853 shares of the savings and loans company’s stock worth $61,000 after acquiring an additional 591 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Pathward Financial during the fourth quarter valued at $77,000. 92.66% of the stock is currently owned by institutional investors.

Pathward Financial Price Performance

Shares of CASH stock opened at $81.50 on Friday. The stock has a 50-day moving average price of $87.18 and a 200 day moving average price of $87.95. 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 firm has a market cap of $1.69 billion, a price-to-earnings ratio of 10.21 and a beta of 0.61. Pathward Financial, Inc. has a 12 month low of $65.87 and a 12 month high of $101.26.

Pathward Financial (NASDAQ:CASH) last announced 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 business had revenue of $189.64 million during the quarter, compared to analyst estimates 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. Research analysts expect that Pathward Financial, Inc. will post 7.93 EPS for the current year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis 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%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a report on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price objective (down from $107.00) on shares of Pathward Financial in a research note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of 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, the company presently has an average rating of “Buy” and an average price target of $101.00.

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.