Connor Clark & Lunn Investment Management Ltd. Buys New Stake in Pathward Financial, Inc. $CASH

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the second quarter, Holdings Channel.com reports. The fund purchased 26,633 shares of the savings and loans company’s stock, valued at approximately $2,319,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of Pathward Financial by 43,200.0% in the second quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company’s stock worth $34,000 after acquiring an additional 432 shares during the period. State of Wyoming purchased a new position in shares of Pathward Financial in the 2nd quarter valued at about $46,000. Smartleaf Asset Management LLC raised its holdings in 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 worth $45,000 after purchasing an additional 118 shares during the period. Rockefeller Capital Management L.P. boosted its position 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 purchasing an additional 591 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Pathward Financial in the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Trading Down 0.1%

Shares of CASH stock opened at $81.50 on Friday. Pathward Financial, Inc. has a fifty-two week low of $65.87 and a fifty-two week high of $101.26. 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 stock’s fifty day moving average is $87.18 and its two-hundred day moving average is $87.95. The firm has a market capitalization of $1.69 billion, a P/E ratio of 10.21 and a beta of 0.61.

Pathward Financial (NASDAQ:CASH) last released 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). The business had revenue of $189.64 million for the quarter, compared to analysts’ expectations 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. Research analysts expect that Pathward Financial, Inc. will post 7.93 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid 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 is Thursday, September 10th. Pathward Financial’s dividend payout ratio is currently 2.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CASH. Keefe, Bruyette & Woods reduced their target price on Pathward Financial from $108.00 to $97.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price objective (down from $107.00) on shares of Pathward Financial in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pathward Financial presently has an average rating of “Buy” and a consensus target price of $101.00.

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.