First Citizens Bank & Trust Co. Grows Position in Pathward Financial, Inc. $CASH

First Citizens Bank & Trust Co. grew its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 101.5% in the second quarter, HoldingsChannel.com reports. The firm owned 6,523 shares of the savings and loans company’s stock after buying an additional 3,285 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Pathward Financial were worth $516,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CASH. Revolve Wealth Partners LLC purchased a new stake in shares of Pathward Financial during the fourth quarter valued at approximately $267,437,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Pathward Financial in the first quarter worth $219,000. Diversified Trust Co lifted its stake in Pathward Financial by 1.9% in the first quarter. Diversified Trust Co now owns 9,097 shares of the savings and loans company’s stock worth $664,000 after acquiring an additional 166 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Pathward Financial by 1,023.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 78,437 shares of the savings and loans company’s stock worth $5,799,000 after acquiring an additional 71,458 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new stake in Pathward Financial in the first quarter worth $235,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Pathward Financial Trading Up 0.5%

Shares of NASDAQ:CASH opened at $71.51 on Friday. Pathward Financial, Inc. has a 52-week low of $64.45 and a 52-week high of $86.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 0.79. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 9.05 and a beta of 0.62. The stock’s 50-day simple moving average is $75.46 and its two-hundred day simple moving average is $76.93.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings data on Tuesday, October 21st. The savings and loans company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.30. Pathward Financial had a return on equity of 22.97% and a net margin of 22.45%.The firm had revenue of $186.70 million for the quarter, compared to analysts’ expectations of $189.50 million. During the same period in the previous year, the firm earned $1.35 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Pathward Financial has set its FY 2026 guidance at 8.250-8.750 EPS. Analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, September 10th. Pathward Financial’s payout ratio is presently 2.53%.

Analyst Ratings Changes

Several brokerages have commented on CASH. Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a research report on Friday. Keefe, Bruyette & Woods lifted their price objective on Pathward Financial from $86.00 to $88.00 and gave the stock a “market perform” rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.00.

About Pathward Financial

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.