JPMorgan Chase & Co. Sells 45,112 Shares of Pathward Financial, Inc. $CASH

JPMorgan Chase & Co. trimmed its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 10.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 392,790 shares of the savings and loans company’s stock after selling 45,112 shares during the period. JPMorgan Chase & Co. owned approximately 1.72% of Pathward Financial worth $29,070,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CASH. Bessemer Group Inc. raised its stake in Pathward Financial by 647.8% during the second quarter. Bessemer Group Inc. now owns 344 shares of the savings and loans company’s stock valued at $27,000 after buying an additional 298 shares during the last quarter. Hughes Financial Services LLC bought a new position in shares of Pathward Financial during the second quarter valued at $30,000. EverSource Wealth Advisors LLC raised its position in shares of Pathward Financial by 43,200.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 432 shares during the last quarter. State of Wyoming bought a new position in Pathward Financial in the 2nd quarter worth about $46,000. Finally, PNC Financial Services Group Inc. boosted its stake in Pathward Financial by 10.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,281 shares of the savings and loans company’s stock worth $169,000 after purchasing an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Insider Activity

In related news, CEO Brett L. Pharr sold 15,641 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $93.88, for a total value of $1,468,377.08. Following the transaction, the chief executive officer owned 78,261 shares of the company’s stock, valued at approximately $7,347,142.68. This trade represents a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.43% of the stock is currently owned by corporate insiders.

Pathward Financial Trading Down 4.3%

NASDAQ:CASH opened at $90.79 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 12 month low of $64.45 and a 12 month high of $96.06. The company has a market cap of $1.98 billion, a PE ratio of 11.10 and a beta of 0.75. The company has a 50 day simple moving average of $83.09 and a two-hundred day simple moving average of $76.84.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Thursday, January 22nd. The savings and loans company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.19. Pathward Financial had a return on equity of 22.76% and a net margin of 22.95%.The firm had revenue of $173.10 million for the quarter, compared to analysts’ expectations of $185.80 million. During the same period in the prior year, the firm earned $1.29 EPS. The company’s revenue was down .2% compared to the same quarter last year. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. Research analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current year.

Pathward Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, March 12th. Pathward Financial’s payout ratio is currently 2.44%.

Wall Street Analyst Weigh In

CASH has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Keefe, Bruyette & Woods upgraded shares of Pathward Financial from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Friday, January 23rd. Finally, Wall Street Zen lowered shares of Pathward Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $97.00.

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.