Pathward Financial (NASDAQ:CASH) President Anthony Sharett Sells 11,500 Shares of Stock

Pathward Financial, Inc. (NASDAQ:CASH) President Anthony 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 sale, the president owned 25,155 shares of the company’s stock, valued at approximately $1,799,840.25. This represents a 31.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Pathward Financial Stock Down 1.9%

Shares of CASH opened at $70.17 on Tuesday. The company has a market cap of $1.60 billion, a PE ratio of 8.88 and a beta of 0.62. The business has a fifty day moving average of $75.36 and a 200 day moving average of $76.97. Pathward Financial, Inc. has a 52-week low of $64.45 and a 52-week high of $86.00. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Tuesday, October 21st. The savings and loans company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.30. The company had revenue of $186.70 million during the quarter, compared to the consensus estimate of $189.50 million. Pathward Financial had a return on equity of 22.97% and a net margin of 22.45%.Pathward Financial’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the company earned $1.35 earnings per share. Pathward Financial has set its FY 2026 guidance at 8.250-8.750 EPS. On average, sell-side analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

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

Analysts Set New Price Targets

CASH has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their target price on Pathward Financial from $86.00 to $88.00 and gave the stock a “market perform” rating in a research report on Friday, July 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Institutional Trading of Pathward Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of Pathward Financial by 647.8% in the second quarter. Bessemer Group Inc. now owns 344 shares of the savings and loans company’s stock valued at $27,000 after acquiring an additional 298 shares in the last quarter. Hughes Financial Services LLC bought a new stake in shares of Pathward Financial in the second quarter valued at about $30,000. Maseco LLP bought a new stake in shares of Pathward Financial in the second quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 valued at $34,000 after acquiring an additional 432 shares in the last quarter. Finally, USAdvisors Wealth Management LLC raised its holdings in shares of Pathward Financial by 37.0% in the first quarter. USAdvisors Wealth Management LLC now owns 607 shares of the savings and loans company’s stock valued at $44,000 after acquiring an additional 164 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

About Pathward Financial

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.