Pathward Financial (NASDAQ:CASH) Sees Strong Trading Volume – Time to Buy?

Shares of Pathward Financial, Inc. (NASDAQ:CASH) saw an uptick in trading volume on Wednesday . Approximately 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CASH. Piper Sandler started coverage on Pathward Financial in a research report on Thursday, March 12th. They set an “overweight” rating and a $107.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Pathward Financial in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods raised their target price on Pathward Financial from $100.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $107.50.

Pathward Financial Stock Performance

The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 10.63 and a beta of 0.61. The company’s 50-day simple moving average is $84.43 and its 200-day simple moving average is $85.22. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.04.

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

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, June 11th. Pathward Financial’s dividend payout ratio is currently 2.38%.

Insider Buying and Selling at Pathward Financial

In related news, Director Elizabeth G. Hoople sold 4,500 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $82.29, for a total value of $370,305.00. Following the completion of the transaction, the director owned 28,050 shares in the company, valued at $2,308,234.50. This trade represents a 13.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 value of $431,850.00. Following the completion of the transaction, the director directly owned 12,281 shares in the company, valued at $1,060,709.97. This represents a 28.93% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.43% of the company’s stock.

Institutional Trading of Pathward Financial

A number of hedge funds have recently modified their holdings of the business. Empowered Funds LLC purchased a new position in shares of Pathward Financial during the first quarter valued at $8,671,000. Glenmede Trust Co. NA lifted its stake in Pathward Financial by 3.5% in the 1st quarter. Glenmede Trust Co. NA now owns 17,769 shares of the savings and loans company’s stock worth $1,586,000 after acquiring an additional 606 shares in the last quarter. RMR Capital Management LLC lifted its stake in Pathward Financial by 2.4% in the 1st quarter. RMR Capital Management LLC now owns 39,077 shares of the savings and loans company’s stock worth $3,487,000 after acquiring an additional 908 shares in the last quarter. Bank of America Corp DE boosted its position in Pathward Financial by 571.3% during the 1st quarter. Bank of America Corp DE now owns 302,503 shares of the savings and loans company’s stock worth $26,992,000 after acquiring an additional 257,443 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Pathward Financial by 4.4% during the 1st quarter. Janus Henderson Group PLC now owns 20,055 shares of the savings and loans company’s stock worth $1,790,000 after acquiring an additional 837 shares during the period. Hedge funds and other institutional investors own 92.66% of the company’s stock.

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.