Sigma Planning Corp Cuts Stock Holdings in Pathward Financial, Inc. $CASH

Sigma Planning Corp decreased its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 64.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,536 shares of the savings and loans company’s stock after selling 6,440 shares during the quarter. Sigma Planning Corp’s holdings in Pathward Financial were worth $251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Pathward Financial by 43,200.0% during the second 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 in the last quarter. State of Wyoming purchased a new position in shares of Pathward Financial during the second quarter worth about $46,000. PNC Financial Services Group Inc. grew its holdings in shares of Pathward Financial by 10.6% during the third 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. denkapparat Operations GmbH purchased a new position in shares of Pathward Financial during the third quarter worth about $219,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Pathward Financial during the third quarter worth about $220,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Pathward Financial Stock Down 1.4%

Shares of CASH opened at $86.32 on Friday. The firm has a market cap of $1.88 billion, a P/E ratio of 10.25 and a beta of 0.64. The stock has a 50 day simple moving average of $91.39 and a two-hundred day simple moving average of $81.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.80. Pathward Financial, Inc. has a 1 year low of $65.87 and a 1 year high of $101.26.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Wednesday, April 22nd. The savings and loans company reported $3.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.35. The business had revenue of $276.30 million during the quarter, compared to analyst estimates of $272.04 million. Pathward Financial had a return on equity of 22.35% and a net margin of 22.42%.Pathward Financial’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.11 earnings per share. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. On average, analysts forecast that Pathward Financial, Inc. will post 8.73 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.20 annualized dividend and a yield of 0.2%. Pathward Financial’s dividend payout ratio is currently 2.38%.

Insider Activity at Pathward Financial

In other Pathward Financial news, CEO Brett L. Pharr sold 15,641 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $93.88, for a total value of $1,468,377.08. Following the completion of the sale, the chief executive officer owned 78,261 shares of the company’s stock, valued at $7,347,142.68. This represents a 16.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas J. Hajek sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $86.37, for a total value of $431,850.00. Following the sale, the director directly owned 12,281 shares of the company’s stock, valued at approximately $1,060,709.97. This trade represents a 28.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CASH. Keefe, Bruyette & Woods boosted their price objective on Pathward Financial from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings raised Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Piper Sandler initiated coverage on Pathward Financial in a report on Thursday, March 12th. They set an “overweight” rating and a $107.00 price objective for the company. Finally, Wall Street Zen lowered Pathward Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $107.50.

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.