Jupiter Asset Management Ltd. Grows Stock Holdings in Pathward Financial, Inc. $CASH

Jupiter Asset Management Ltd. raised its stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 5.5% in the 2nd quarter, Holdings Channel reports. The fund owned 163,769 shares of the savings and loans company’s stock after acquiring an additional 8,500 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Pathward Financial were worth $12,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CASH. Revolve Wealth Partners LLC acquired a new position in shares of Pathward Financial in the fourth quarter valued at approximately $267,437,000. Nuveen LLC acquired a new position in Pathward Financial in the 1st quarter valued at $22,795,000. Wellington Management Group LLP acquired a new position in Pathward Financial in the 1st quarter valued at $12,999,000. Neumeier Poma Investment Counsel LLC purchased a new position in Pathward Financial during the 1st quarter worth $9,679,000. Finally, CSM Advisors LLC acquired a new stake in shares of Pathward Financial in the 2nd quarter worth $8,461,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Pathward Financial Stock Performance

NASDAQ:CASH opened at $69.48 on Thursday. The firm’s fifty day simple moving average is $72.99 and its 200-day simple moving average is $76.64. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.58 billion, a PE ratio of 8.79 and a beta of 0.79. Pathward Financial, Inc. has a fifty-two week low of $64.45 and a fifty-two week high of $86.00.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings data on Tuesday, October 21st. The savings and loans company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.30. Pathward Financial had a net margin of 22.45% and a return on equity of 22.97%. The firm had revenue of $186.70 million for the quarter, compared to the consensus estimate of $189.50 million. During the same quarter in the previous year, the firm earned $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. Analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th were issued a $0.05 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. Pathward Financial’s dividend payout ratio is currently 2.53%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.00.

Pathward Financial Company 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.