Royal Bank of Canada Acquires 19,619 Shares of Pathward Financial, Inc. $CASH

Royal Bank of Canada raised its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 414.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 24,348 shares of the savings and loans company’s stock after purchasing an additional 19,619 shares during the period. Royal Bank of Canada owned 0.12% of Pathward Financial worth $2,173,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Pathward Financial by 43,200.0% in the second quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 432 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Pathward Financial by 23.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company’s stock valued at $45,000 after buying an additional 118 shares in the last quarter. State of Wyoming bought a new stake in shares of Pathward Financial in the 2nd quarter valued at about $46,000. Rockefeller Capital Management L.P. grew its position in shares of Pathward Financial by 225.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 853 shares of the savings and loans company’s stock worth $61,000 after buying an additional 591 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Pathward Financial in the 4th quarter worth approximately $77,000. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Down 1.5%

CASH stock opened at $85.39 on Tuesday. The stock has a market capitalization of $1.77 billion, a P/E ratio of 10.70 and a beta of 0.61. The firm has a 50-day simple moving average of $87.03 and a 200-day simple moving average of $88.41. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.58). Pathward Financial had a net margin of 21.03% and a return on equity of 20.61%. The firm had revenue of $189.64 million during the quarter, compared to analysts’ expectations of $191.18 million. 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. Equities analysts forecast that Pathward Financial, Inc. will post 7.93 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 11th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, June 11th. Pathward Financial’s dividend payout ratio is presently 2.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CASH shares. Keefe, Bruyette & Woods reduced their price target on Pathward Financial from $108.00 to $97.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Piper Sandler reissued an “overweight” rating and issued a $105.00 price objective (down from $107.00) on shares of Pathward Financial in a research report on Thursday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pathward Financial in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $101.00.

Insider Transactions at Pathward Financial

In other Pathward Financial news, Director Elizabeth G. Hoople sold 4,500 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $82.29, for a total transaction of $370,305.00. Following the completion of the transaction, the director owned 28,050 shares of the company’s stock, valued at $2,308,234.50. This trade represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.43% of the stock is currently owned by company insiders.

Pathward Financial 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.