Pathward Financial (NASDAQ:CASH) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Pathward Financial, Inc. (NASDAQ:CASH) saw unusually-strong trading volume on Wednesday . 195,001 shares were traded during trading, a decline of 21% from the previous session’s volume of 245,354 shares.The stock last traded at $89.2520 and had previously closed at $87.06.

Analyst Ratings Changes

A number of equities analysts have issued reports on CASH shares. Keefe, Bruyette & Woods increased 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. Piper Sandler began coverage on shares of Pathward Financial in a research report on Thursday, March 12th. They issued an “overweight” rating and a $107.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $107.50.

Pathward Financial Price Performance

The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.87 billion, a PE ratio of 10.54 and a beta of 0.60. The firm has a 50 day moving average of $84.04 and a two-hundred day moving average of $85.43.

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

Pathward Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 11th were paid a $0.05 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Pathward Financial’s payout ratio is presently 2.38%.

Insider Activity

In related news, Director Elizabeth G. Hoople sold 4,500 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $82.29, for a total transaction of $370,305.00. Following the sale, the director directly owned 28,050 shares of the company’s stock, valued at approximately $2,308,234.50. This represents a 13.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas J. Hajek sold 5,000 shares of Pathward Financial stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $86.37, for a total transaction of $431,850.00. Following the completion of the transaction, the director directly owned 12,281 shares of the company’s stock, valued at $1,060,709.97. This trade represents a 28.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Pathward Financial

A number of hedge funds have recently added to or reduced their stakes in the company. Seros Financial LLC purchased a new stake in Pathward Financial during the 3rd quarter valued at $481,003,000. Revolve Wealth Partners LLC purchased a new position in shares of Pathward Financial in the fourth quarter worth $267,437,000. Bank of America Corp DE lifted its holdings in shares of Pathward Financial by 571.3% during the first quarter. Bank of America Corp DE now owns 302,503 shares of the savings and loans company’s stock valued at $26,992,000 after purchasing an additional 257,443 shares in the last quarter. Comerica Bank lifted its holdings in shares of Pathward Financial by 371.2% during the fourth quarter. Comerica Bank now owns 295,999 shares of the savings and loans company’s stock valued at $21,016,000 after purchasing an additional 233,177 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Pathward Financial by 30.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 247,832 shares of the savings and loans company’s stock valued at $17,596,000 after purchasing an additional 58,510 shares in the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Pathward Financial Company 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.