Texas Permanent School Fund Corp Increases Position in Pathward Financial, Inc. $CASH

Texas Permanent School Fund Corp increased its position in Pathward Financial, Inc. (NASDAQ:CASH) by 51.2% in the second quarter, HoldingsChannel.com reports. The fund owned 85,305 shares of the savings and loans company’s stock after buying an additional 28,890 shares during the period. Texas Permanent School Fund Corp’s holdings in Pathward Financial were worth $6,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its stake in Pathward Financial by 2.3% during the 2nd quarter. Osaic Holdings Inc. now owns 5,826 shares of the savings and loans company’s stock valued at $461,000 after purchasing an additional 133 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Pathward Financial by 8.4% during the second quarter. Nisa Investment Advisors LLC now owns 2,204 shares of the savings and loans company’s stock worth $174,000 after purchasing an additional 170 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Pathward Financial by 3.7% during the first quarter. HighTower Advisors LLC now owns 4,906 shares of the savings and loans company’s stock worth $358,000 after purchasing an additional 175 shares during the period. SummerHaven Investment Management LLC boosted its position in Pathward Financial by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 13,468 shares of the savings and loans company’s stock valued at $1,066,000 after buying an additional 197 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in Pathward Financial by 1.0% in the 2nd quarter. California State Teachers Retirement System now owns 22,993 shares of the savings and loans company’s stock worth $1,819,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Trading Up 0.8%

Shares of NASDAQ:CASH opened at $74.23 on Wednesday. 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, Inc. has a 12-month low of $64.45 and a 12-month high of $86.00. The business has a 50 day moving average of $71.09 and a two-hundred day moving average of $75.17. The company has a market capitalization of $1.66 billion, a PE ratio of 9.40 and a beta of 0.75.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data on Tuesday, October 21st. The savings and loans company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.30. The business had revenue of $186.71 million for the quarter, compared to analysts’ expectations of $189.50 million. Pathward Financial had a net margin of 22.45% and a return on equity of 22.97%. The business’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $1.35 EPS. Pathward Financial has set its FY 2026 guidance at 8.250-8.750 EPS. As a group, analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Wednesday, December 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. Pathward Financial’s payout ratio is presently 2.53%.

Insiders Place Their Bets

In related news, President Anthony M. Sharett sold 11,500 shares of Pathward Financial stock in a transaction dated 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 transaction, the president owned 25,155 shares in the company, valued at $1,799,840.25. The trade was a 31.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas J. Hajek sold 3,000 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $68.11, for a total value of $204,330.00. Following the completion of the transaction, the director directly owned 16,631 shares of the company’s stock, valued at $1,132,737.41. The trade was a 15.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 19,500 shares of company stock worth $1,384,455. Company insiders own 1.23% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Pathward Financial in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

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.