Key Points
- Director Elizabeth Hoople sold 4,500 shares of Pathward Financial (NASDAQ:CASH) on May 29 at an average price of $82.29, for a total of $370,305. After the sale, she still owned 28,050 shares.
- Pathward Financial reported solid quarterly results, with earnings of $3.35 per share matching estimates and revenue of $276.3 million topping expectations. Revenue rose 5.1% year over year, and the company maintained strong profitability metrics.
- Analysts remain bullish on the stock, with a consensus rating of “Buy” and an average price target of $107.50. The company also announced a quarterly dividend of $0.05 per share, payable July 1.
Pathward Financial, Inc. (NASDAQ:CASH - Get Free Report) Director Elizabeth Hoople sold 4,500 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $82.29, for a total transaction of $370,305.00. Following the completion of the sale, the director owned 28,050 shares in the company, valued at $2,308,234.50. This represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Pathward Financial Stock Down 1.6%
CASH stock opened at $80.91 on Tuesday. The company's 50 day simple moving average is $88.39 and its 200-day simple moving average is $83.47. The firm has a market capitalization of $1.71 billion, a PE ratio of 9.61 and a beta of 0.64. Pathward Financial, Inc. has a 12 month low of $65.87 and a 12 month high of $101.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.80.
Pathward Financial (NASDAQ:CASH - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $3.35 EPS for the quarter, meeting the consensus estimate of $3.35. The business had revenue of $276.30 million for the quarter, compared to analyst estimates of $272.04 million. Pathward Financial had a net margin of 22.42% and a return on equity of 22.35%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $3.11 earnings per share. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. Equities analysts expect that Pathward Financial, Inc. will post 8.73 earnings per share for the current fiscal year.
Pathward Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be given a $0.05 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Pathward Financial's dividend payout ratio is currently 2.38%.
Analysts Set New Price Targets
CASH has been the topic of several research reports. Piper Sandler initiated coverage on shares of Pathward Financial in a research report on Thursday, March 12th. They issued an "overweight" rating and a $107.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on shares of Pathward Financial from $100.00 to $108.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Pathward Financial in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $107.50.
Read Our Latest Stock Analysis on Pathward Financial
Institutional Trading of Pathward Financial
A number of hedge funds have recently bought and sold shares of the company. Seros Financial LLC acquired a new stake in Pathward Financial during the third quarter worth approximately $481,003,000. Revolve Wealth Partners LLC purchased a new position in Pathward Financial during the fourth quarter worth approximately $267,437,000. Vanguard Group Inc. raised its stake in Pathward Financial by 0.8% during the third quarter. Vanguard Group Inc. now owns 1,857,345 shares of the savings and loans company's stock worth $137,462,000 after purchasing an additional 14,130 shares during the period. American Century Companies Inc. raised its stake in Pathward Financial by 44.6% during the third quarter. American Century Companies Inc. now owns 1,049,836 shares of the savings and loans company's stock worth $77,698,000 after purchasing an additional 323,785 shares during the period. Finally, Neumeier Poma Investment Counsel LLC raised its stake in Pathward Financial by 62.0% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 348,590 shares of the savings and loans company's stock worth $25,799,000 after purchasing an additional 133,455 shares during the period. Institutional investors and hedge funds own 92.66% of the company's stock.
About Pathward Financial
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
