19,149 Shares in Pathward Financial, Inc. $CASH Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) in the second quarter, HoldingsChannel reports. The fund purchased 19,149 shares of the savings and loans company’s stock, valued at approximately $1,667,000.

Other large investors have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of Pathward Financial by 2.4% in the fourth quarter. Cetera Investment Advisers now owns 4,816 shares of the savings and loans company’s stock valued at $342,000 after purchasing an additional 113 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Pathward Financial by 23.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 630 shares of the savings and loans company’s stock worth $45,000 after purchasing an additional 118 shares during the period. Osaic Holdings Inc. boosted its position in Pathward Financial by 2.3% in the second quarter. Osaic Holdings Inc. now owns 5,826 shares of the savings and loans company’s stock valued at $461,000 after buying an additional 133 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Pathward Financial by 3.9% in the first quarter. Pictet Asset Management Holding SA now owns 3,528 shares of the savings and loans company’s stock valued at $315,000 after buying an additional 134 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in Pathward Financial by 5.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 3,019 shares of the savings and loans company’s stock worth $269,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CASH. Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods cut their price target on Pathward Financial from $108.00 to $97.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $105.00 price objective (down from $107.00) on shares of Pathward Financial in a report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pathward Financial currently has a consensus rating of “Buy” and a consensus target price of $101.00.

Pathward Financial Stock Performance

CASH opened at $78.62 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a fifty day moving average price of $86.03 and a 200 day moving average price of $87.14. Pathward Financial, Inc. has a 1 year low of $65.87 and a 1 year high of $101.26. The stock has a market cap of $1.63 billion, a P/E ratio of 9.85 and a beta of 0.60.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.58). The firm had revenue of $189.64 million for the quarter, compared to analyst estimates of $191.18 million. Pathward Financial had a net margin of 21.03% and a return on equity of 20.61%. Pathward Financial has set its FY 2027 guidance at 9.500-10.000 EPS and its FY 2026 guidance at 7.800-8.200 EPS. Equities research analysts anticipate that Pathward Financial, Inc. will post 7.93 earnings per share for the current year.

Pathward Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. Pathward Financial’s dividend payout ratio is presently 2.51%.

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.