Man Group plc Invests $2.55 Million in Pathward Financial, Inc. $CASH

Man Group plc purchased a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the second quarter, HoldingsChannel reports. The institutional investor purchased 29,250 shares of the savings and loans company’s stock, valued at approximately $2,547,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jupiter Topco LLC bought a new stake in Pathward Financial in the 2nd quarter worth about $1,746,000. Hsbc Holdings PLC bought a new position in Pathward Financial during the 2nd quarter valued at about $746,000. Canada Pension Plan Investment Board bought a new position in Pathward Financial during the 2nd quarter valued at about $270,000. Legal & General Group Plc purchased a new stake in shares of Pathward Financial during the 2nd quarter valued at about $4,509,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Pathward Financial in the second quarter worth approximately $861,000. Institutional investors own 92.66% of the company’s stock.

Analyst Ratings Changes

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

Pathward Financial Trading Down 0.0%

Pathward Financial stock opened at $81.46 on Tuesday. The business has a 50-day simple moving average of $87.16 and a two-hundred day simple moving average of $87.83. The company has a market cap of $1.69 billion, a P/E ratio of 10.21 and a beta of 0.61. Pathward Financial, Inc. has a 52-week low of $65.87 and a 52-week high of $101.26. 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 (NASDAQ:CASH) last released its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.58). The business had revenue of $189.64 million for the quarter, compared to analysts’ expectations 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. Analysts predict that Pathward Financial, Inc. will post 7.93 EPS for the current year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 10th. Pathward Financial’s dividend payout ratio is currently 2.51%.

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.