Teacher Retirement System of Texas Sells 3,138 Shares of Pathward Financial, Inc. $CASH

Teacher Retirement System of Texas lowered its position in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 21.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,383 shares of the savings and loans company’s stock after selling 3,138 shares during the period. Teacher Retirement System of Texas’ holdings in Pathward Financial were worth $901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. increased its stake in shares of Pathward Financial by 647.8% in the 2nd quarter. Bessemer Group Inc. now owns 344 shares of the savings and loans company’s stock worth $27,000 after acquiring an additional 298 shares in the last quarter. Maseco LLP bought a new position in shares of Pathward Financial during the second quarter valued at approximately $31,000. USAdvisors Wealth Management LLC lifted its holdings in shares of Pathward Financial by 37.0% during the first quarter. USAdvisors Wealth Management LLC now owns 607 shares of the savings and loans company’s stock valued at $44,000 after purchasing an additional 164 shares during the last quarter. Vestcor Inc purchased a new position in shares of Pathward Financial during the first quarter valued at approximately $123,000. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Pathward Financial in the 2nd quarter worth approximately $155,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CASH shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on Pathward Financial from $86.00 to $88.00 and gave the stock a “market perform” rating in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Pathward Financial presently has an average rating of “Moderate Buy” and an average target price of $91.00.

Insider Transactions at Pathward Financial

In related news, Director Douglas J. Hajek sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $68.11, for a total value of $204,330.00. Following the sale, the director owned 16,631 shares in the company, valued at approximately $1,132,737.41. This trade represents a 15.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Anthony M. Sharett sold 11,500 shares of Pathward Financial stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $71.55, for a total transaction of $822,825.00. Following the completion of the sale, the president directly owned 25,155 shares of the company’s stock, valued at approximately $1,799,840.25. This trade represents a 31.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,500 shares of company stock worth $1,384,455 over the last three months. 1.23% of the stock is currently owned by company insiders.

Pathward Financial Stock Performance

Shares of CASH opened at $68.68 on Friday. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 8.69 and a beta of 0.79. The business’s fifty day simple moving average is $73.56 and its two-hundred day simple moving average is $76.83. Pathward Financial, Inc. has a 12 month low of $64.45 and a 12 month high of $86.00. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings results on Tuesday, October 21st. The savings and loans company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.30. Pathward Financial had a return on equity of 22.97% and a net margin of 22.45%.The firm had revenue of $186.70 million during the quarter, compared to analysts’ expectations of $189.50 million. During the same quarter in the previous year, the business earned $1.35 earnings per share. The company’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. Research analysts anticipate that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

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

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.