Renaissance Technologies LLC Acquires Shares of 46,058 Pathward Financial, Inc. $CASH

Renaissance Technologies LLC bought a new stake in Pathward Financial, Inc. (NASDAQ:CASH) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 46,058 shares of the savings and loans company’s stock, valued at approximately $4,110,000. Renaissance Technologies LLC owned approximately 0.22% of Pathward Financial as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. First Trust Advisors LP grew its stake in Pathward Financial by 42.5% during the first quarter. First Trust Advisors LP now owns 85,411 shares of the savings and loans company’s stock worth $7,621,000 after buying an additional 25,478 shares during the last quarter. Comerica Bank increased its holdings in shares of Pathward Financial by 371.2% during the fourth quarter. Comerica Bank now owns 295,999 shares of the savings and loans company’s stock worth $21,016,000 after buying an additional 233,177 shares in the last quarter. WCM Investment Management LLC bought a new position in shares of Pathward Financial in the first quarter valued at approximately $5,488,000. Revolve Wealth Partners LLC bought a new position in shares of Pathward Financial in the fourth quarter valued at approximately $267,437,000. Finally, Horizon Investments LLC acquired a new position in shares of Pathward Financial in the 4th quarter worth approximately $603,000. Institutional investors own 92.66% of the company’s stock.

Wall Street Analysts Forecast Growth

CASH has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday. Keefe, Bruyette & Woods cut their price objective on Pathward Financial from $108.00 to $97.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Finally, 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 note on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Pathward Financial presently has a consensus rating of “Buy” and an average target price of $101.00.

Pathward Financial Trading Down 2.0%

CASH stock opened at $86.85 on Friday. 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 twelve month low of $65.87 and a twelve month high of $101.26. The company has a market cap of $1.83 billion, a P/E ratio of 10.88 and a beta of 0.61. The business has a fifty day moving average of $86.25 and a 200-day moving average of $88.11.

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 (EPS) 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 business had revenue of $189.64 million during the quarter, compared to the consensus estimate 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. As a group, equities research analysts expect that Pathward Financial, Inc. will post 7.93 EPS for the current year.

Pathward Financial Announces Dividend

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

Insider Activity at Pathward Financial

In related news, Director Elizabeth G. Hoople sold 4,500 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $82.29, for a total value of $370,305.00. Following the completion of the sale, the director owned 28,050 shares in the company, valued at approximately $2,308,234.50. This represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.43% of the stock is currently owned by company insiders.

About Pathward Financial

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.