New York State Teachers Retirement System Sells 161 Shares of Pathward Financial, Inc. $CASH

New York State Teachers Retirement System lowered its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,229 shares of the savings and loans company’s stock after selling 161 shares during the quarter. New York State Teachers Retirement System’s holdings in Pathward Financial were worth $2,075,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new stake in Pathward Financial during the 4th quarter valued at approximately $267,437,000. American Century Companies Inc. boosted its position in shares of Pathward Financial by 6.7% during the first quarter. American Century Companies Inc. now owns 686,423 shares of the savings and loans company’s stock worth $50,075,000 after acquiring an additional 43,273 shares during the last quarter. Nuveen LLC bought a new position in shares of Pathward Financial during the first quarter worth $22,795,000. Invesco Ltd. grew its stake in Pathward Financial by 30.9% during the first quarter. Invesco Ltd. now owns 307,261 shares of the savings and loans company’s stock valued at $22,415,000 after acquiring an additional 72,542 shares in the last quarter. Finally, Mawer Investment Management Ltd. increased its holdings in Pathward Financial by 11.1% in the 1st quarter. Mawer Investment Management Ltd. now owns 287,644 shares of the savings and loans company’s stock valued at $20,984,000 after acquiring an additional 28,829 shares during the last quarter. 92.66% of the stock is owned by hedge funds and other institutional investors.

Pathward Financial Stock Performance

Pathward Financial stock opened at $71.75 on Wednesday. The company’s 50-day moving average price is $75.75 and its 200-day moving average price is $76.85. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.63 billion, a PE ratio of 9.49 and a beta of 0.62. Pathward Financial, Inc. has a twelve month low of $64.45 and a twelve month high of $86.00.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Tuesday, October 21st. The savings and loans company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.39 by $0.30. Pathward Financial had a return on equity of 22.53% and a net margin of 22.23%.The company had revenue of $186.70 million during the quarter, compared to analyst estimates of $189.50 million. During the same quarter last year, the business posted $1.35 earnings per share. The firm’s 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. On average, equities research analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, September 10th. Pathward Financial’s dividend payout ratio is presently 2.65%.

Analyst Ratings Changes

Several research firms have commented on CASH. Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on Pathward Financial from $86.00 to $88.00 and gave the company a “market perform” rating in a research note 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. According to MarketBeat.com, Pathward Financial presently has an average rating of “Moderate Buy” and a consensus price target of $91.00.

Pathward Financial Profile

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.