Hsbc Holdings PLC Invests $568,000 in Pathward Financial, Inc. $CASH

Hsbc Holdings PLC acquired a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,985 shares of the savings and loans company’s stock, valued at approximately $568,000.

A number of other large investors have also modified their holdings of CASH. Revolve Wealth Partners LLC bought a new position in Pathward Financial in the fourth quarter worth $267,437,000. Royal Bank of Canada increased its holdings in Pathward Financial by 21.2% in the 1st quarter. Royal Bank of Canada now owns 5,057 shares of the savings and loans company’s stock valued at $369,000 after buying an additional 886 shares during the period. AQR Capital Management LLC raised its stake in shares of Pathward Financial by 61.3% in the 1st quarter. AQR Capital Management LLC now owns 9,152 shares of the savings and loans company’s stock valued at $668,000 after buying an additional 3,479 shares in the last quarter. Millennium Management LLC raised its stake in shares of Pathward Financial by 264.1% in the 1st quarter. Millennium Management LLC now owns 128,645 shares of the savings and loans company’s stock valued at $9,385,000 after buying an additional 93,308 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Pathward Financial in the 2nd quarter valued at $980,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Pathward Financial Price Performance

Shares of Pathward Financial stock opened at $92.88 on Friday. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 11.03 and a beta of 0.60. The firm’s 50-day moving average price is $84.38 and its two-hundred day moving average price is $86.57. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. Pathward Financial, Inc. has a 1-year low of $65.87 and a 1-year high of $101.26.

Pathward Financial (NASDAQ:CASH) last posted its earnings results 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. The company had revenue of $276.30 million during the quarter, compared to analysts’ expectations of $272.04 million. Pathward Financial had a net margin of 22.42% and a return on equity of 22.35%. Pathward Financial’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.11 earnings per share. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. On average, equities analysts predict that Pathward Financial, Inc. will post 8.73 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CASH shares. Keefe, Bruyette & Woods lifted their target price on shares of Pathward Financial from $100.00 to $108.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $107.50.

Insiders Place Their Bets

In related news, 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 value 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. The trade was a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Elizabeth G. Hoople sold 4,500 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $82.29, for a total transaction of $370,305.00. Following the transaction, the director owned 28,050 shares in the company, valued at approximately $2,308,234.50. This trade represents a 13.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.43% of the stock is currently owned by insiders.

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.