Pathward Financial, Inc. $CASH Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in Pathward Financial, Inc. (NASDAQ:CASH) by 1,637.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,371 shares of the savings and loans company’s stock after acquiring an additional 123,810 shares during the quarter. Sei Investments Co.’s holdings in Pathward Financial were worth $11,722,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

CASH has been the subject of a number of recent analyst reports. 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. Keefe, Bruyette & Woods dropped their price objective on 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 reissued 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 MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $101.00.

Insiders Place Their Bets

In related news, Director Elizabeth G. Hoople sold 4,500 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $82.29, for a total transaction of $370,305.00. Following the transaction, the director owned 28,050 shares of the company’s stock, valued at $2,308,234.50. This represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.43% of the stock is owned by corporate insiders.

Pathward Financial Stock Up 0.6%

Pathward Financial stock opened at $88.24 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.82. Pathward Financial, Inc. has a fifty-two week low of $65.87 and a fifty-two week high of $101.26. The stock has a 50-day simple moving average of $85.63 and a 200-day simple moving average of $87.61. The company has a market capitalization of $1.86 billion, a P/E ratio of 11.06 and a beta of 0.60.

Pathward Financial (NASDAQ:CASH) last announced its earnings results 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 for the quarter, compared to analyst estimates 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. Equities 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 was paid on Wednesday, July 1st. Investors of record on Thursday, June 11th were paid a $0.05 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Pathward Financial’s payout ratio is 2.51%.

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.