Oppenheimer Asset Management Inc. Purchases New Position in Pathward Financial, Inc. $CASH

Oppenheimer Asset Management Inc. purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,463 shares of the savings and loans company’s stock, valued at approximately $2,391,000.

Several other hedge funds have also bought and sold shares of CASH. EverSource Wealth Advisors LLC grew its stake 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 purchasing an additional 432 shares during the period. State of Wyoming acquired a new position in shares of Pathward Financial in the 2nd quarter valued at $46,000. 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 valued at $45,000 after purchasing an additional 118 shares during the period. Rockefeller Capital Management L.P. boosted its holdings 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 buying an additional 591 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Pathward Financial during the fourth quarter worth $77,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Insider Transactions at Pathward Financial

In other news, Director Elizabeth G. Hoople sold 4,500 shares of Pathward Financial stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $82.29, for a total value of $370,305.00. Following the sale, the director owned 28,050 shares in the company, valued at $2,308,234.50. This trade represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.43% of the stock is currently owned by insiders.

Pathward Financial Stock Performance

Shares of CASH stock opened at $86.67 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 10.86 and a beta of 0.61. The stock has a 50 day simple moving average of $86.93 and a 200-day simple moving average of $88.42. Pathward Financial, Inc. has a 1-year low of $65.87 and a 1-year high of $101.26.

Pathward Financial (NASDAQ:CASH) last announced its earnings results 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 for the quarter, compared to analysts’ expectations 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. On average, equities research analysts expect that Pathward Financial, Inc. will post 7.93 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th were issued 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 was Thursday, June 11th. Pathward Financial’s dividend payout ratio (DPR) is presently 2.51%.

Analysts Set New Price Targets

CASH has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their price target 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $105.00 target price (down from $107.00) on shares of Pathward Financial in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price 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.