Van Hulzen Asset Management LLC Sells 2,871 Shares of Pathward Financial, Inc. $CASH

Van Hulzen Asset Management LLC cut its position in Pathward Financial, Inc. (NASDAQ:CASH) by 11.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 21,629 shares of the savings and loans company’s stock after selling 2,871 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Pathward Financial were worth $1,711,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in shares of Pathward Financial by 647.8% in the second quarter. Bessemer Group Inc. now owns 344 shares of the savings and loans company’s stock worth $27,000 after purchasing an additional 298 shares during the period. Hughes Financial Services LLC purchased a new position in Pathward Financial during the second quarter worth about $30,000. Maseco LLP bought a new position in Pathward Financial in the 2nd quarter worth about $31,000. Vestcor Inc purchased a new stake in shares of Pathward Financial in the 1st quarter valued at about $123,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Pathward Financial in the 2nd quarter valued at about $155,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Pathward Financial

In other Pathward Financial news, President Anthony M. Sharett sold 11,500 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $71.55, for a total transaction of $822,825.00. Following the completion of the transaction, the president owned 25,155 shares of the company’s stock, valued at $1,799,840.25. This represents a 31.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nadia Dombrowski sold 5,000 shares of Pathward Financial stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $71.46, for a total value of $357,300.00. Following the completion of the sale, the insider owned 6,528 shares in the company, valued at approximately $466,490.88. This represents a 43.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 19,500 shares of company stock worth $1,384,455. Company insiders own 1.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pathward Financial in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Pathward Financial currently has an average rating of “Moderate Buy” and an average target price of $91.00.

Pathward Financial Stock Performance

NASDAQ:CASH opened at $72.70 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.79. Pathward Financial, Inc. has a fifty-two week low of $64.45 and a fifty-two week high of $86.00. The firm has a market cap of $1.62 billion, a PE ratio of 9.20 and a beta of 0.79. The business has a 50 day moving average price of $71.23 and a 200-day moving average price of $75.54.

Pathward Financial (NASDAQ:CASH) last issued its 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. The company had revenue of $186.71 million for the quarter, compared to the consensus estimate of $189.50 million. Pathward Financial had a net margin of 22.45% and a return on equity of 22.97%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 earnings per share. Pathward Financial has set its FY 2026 guidance at 8.250-8.750 EPS. Equities research analysts predict that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, December 10th. Pathward Financial’s dividend payout ratio is 2.53%.

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.