The Manufacturers Life Insurance Company Purchases Shares of 9,885 Pathward Financial, Inc. $CASH

The Manufacturers Life Insurance Company acquired a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) in the 2nd quarter, HoldingsChannel reports. The fund acquired 9,885 shares of the savings and loans company’s stock, valued at approximately $861,000.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position 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 acquiring an additional 432 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Pathward Financial by 23.0% in the fourth 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 in the last quarter. State of Wyoming acquired a new position in Pathward Financial in the second quarter valued at approximately $46,000. Rockefeller Capital Management L.P. increased its stake 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 purchasing 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 approximately $77,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Pathward Financial Price Performance

Shares of CASH opened at $83.19 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 market capitalization of $1.73 billion, a price-to-earnings ratio of 10.42 and a beta of 0.60. The firm has a 50-day simple moving average of $86.82 and a 200-day simple moving average of $87.62. 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 (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.58). The company had revenue of $189.64 million during the quarter, compared to analyst estimates of $191.18 million. Pathward Financial had a net margin of 21.03% and a return on equity of 20.61%. 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 anticipate that Pathward Financial, Inc. will post 7.93 earnings per share for the current year.

Pathward Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is 2.51%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CASH. Piper Sandler restated an “overweight” rating and set a $105.00 price objective (down from $107.00) on shares of Pathward Financial in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods cut 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 note on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Pathward Financial presently has a consensus rating of “Buy” and a consensus 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.