SG Americas Securities LLC Sells 6,577 Shares of Pathward Financial, Inc. $CASH

SG Americas Securities LLC trimmed its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 47.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,159 shares of the savings and loans company’s stock after selling 6,577 shares during the period. SG Americas Securities LLC’s holdings in Pathward Financial were worth $639,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Sheets Smith Wealth Management lifted its position in shares of Pathward Financial by 52.2% during the 1st quarter. Sheets Smith Wealth Management now owns 8,019 shares of the savings and loans company’s stock valued at $716,000 after acquiring an additional 2,752 shares during the period. Diversified Trust Co grew its holdings in Pathward Financial by 11.9% in the first quarter. Diversified Trust Co now owns 11,459 shares of the savings and loans company’s stock worth $1,022,000 after purchasing an additional 1,220 shares during the period. Hsbc Holdings PLC acquired a new stake in Pathward Financial in the fourth quarter worth $568,000. Rockefeller Capital Management L.P. increased its stake in Pathward Financial by 225.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 853 shares of the savings and loans company’s stock valued at $61,000 after purchasing an additional 591 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Pathward Financial by 2.9% in the fourth quarter. Invesco Ltd. now owns 215,833 shares of the savings and loans company’s stock valued at $15,324,000 after purchasing an additional 6,162 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Insider Buying and Selling

In other news, Director Douglas J. Hajek sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 12,281 shares of the company’s stock, valued at $1,060,709.97. This represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elizabeth G. Hoople sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were 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 represents a 13.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.43% of the company’s stock.

Pathward Financial Stock Performance

Shares of CASH stock opened at $90.44 on Wednesday. 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 firm has a fifty day simple moving average of $83.94 and a two-hundred day simple moving average of $85.77. Pathward Financial, Inc. has a 12 month low of $65.87 and a 12 month high of $101.26. The firm has a market capitalization of $1.91 billion, a PE ratio of 10.74 and a beta of 0.60.

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

Pathward Financial Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on CASH. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pathward Financial in a research note on Friday, May 8th. Finally, Piper Sandler assumed coverage on Pathward Financial in a report on Thursday, March 12th. They issued an “overweight” rating and a $107.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pathward Financial currently has a consensus rating of “Buy” and an average price target of $107.50.

Pathward Financial 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.