Intech Investment Management LLC Sells 16,317 Shares of Pathward Financial, Inc. $CASH

Intech Investment Management LLC trimmed its position in Pathward Financial, Inc. (NASDAQ:CASH) by 17.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,540 shares of the savings and loans company’s stock after selling 16,317 shares during the period. Intech Investment Management LLC owned approximately 0.34% of Pathward Financial worth $5,739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. raised its position in Pathward Financial by 647.8% in the 2nd quarter. Bessemer Group Inc. now owns 344 shares of the savings and loans company’s stock valued at $27,000 after buying an additional 298 shares during the last quarter. Hughes Financial Services LLC acquired a new position in Pathward Financial during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its stake 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. State of Wyoming acquired a new stake in shares of Pathward Financial in the second quarter valued at approximately $46,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Pathward Financial by 10.6% in the third quarter. PNC Financial Services Group Inc. now owns 2,281 shares of the savings and loans company’s stock worth $169,000 after purchasing an additional 218 shares in the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Pathward Financial

In related news, CEO Brett L. Pharr sold 15,641 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $93.88, for a total value of $1,468,377.08. Following the sale, the chief executive officer owned 78,261 shares in the company, valued at approximately $7,347,142.68. This represents a 16.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CASH has been the subject of a number of analyst reports. Weiss Ratings raised shares of Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Wall Street Zen downgraded shares of Pathward Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Keefe, Bruyette & Woods raised Pathward Financial from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $97.00.

Pathward Financial Stock Down 4.3%

Pathward Financial stock opened at $90.79 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.79. The company’s 50-day moving average is $83.09 and its 200-day moving average is $76.84. The firm has a market capitalization of $1.98 billion, a PE ratio of 11.10 and a beta of 0.75. Pathward Financial, Inc. has a fifty-two week low of $64.45 and a fifty-two week high of $96.06.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings results on Thursday, January 22nd. The savings and loans company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.19. The business had revenue of $173.10 million during the quarter, compared to analysts’ expectations of $185.80 million. Pathward Financial had a return on equity of 22.76% and a net margin of 22.95%.Pathward Financial’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.29 earnings per share. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. Sell-side analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, March 12th. Pathward Financial’s payout ratio is currently 2.44%.

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.