Denali Advisors LLC Buys New Position in Pathward Financial, Inc. $CASH

Denali Advisors LLC purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the second quarter, Holdings Channel reports. The firm purchased 48,370 shares of the savings and loans company’s stock, valued at approximately $4,211,000.

Several other institutional investors also recently added to or reduced their stakes in CASH. Cetera Investment Advisers lifted its stake in 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 buying an additional 113 shares during the last quarter. Smartleaf Asset Management LLC grew its position 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 acquiring an additional 118 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Pathward Financial by 2.3% during the second quarter. Osaic Holdings Inc. now owns 5,826 shares of the savings and loans company’s stock worth $461,000 after acquiring an additional 133 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Pathward Financial by 3.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,528 shares of the savings and loans company’s stock valued at $315,000 after acquiring an additional 134 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in shares of 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 valued at $269,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 92.66% of the company’s stock.

Insider Activity at Pathward Financial

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 value 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Pathward Financial Stock Performance

NASDAQ CASH opened at $83.71 on Thursday. The business has a 50 day moving average price of $87.14 and a 200 day moving average price of $88.36. The company has a market capitalization of $1.74 billion, a P/E ratio of 10.49 and a beta of 0.61. Pathward Financial, Inc. has a 1-year low of $65.87 and a 1-year high of $101.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.81.

Pathward Financial (NASDAQ:CASH) last posted its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.58). The firm had revenue of $189.64 million for the quarter, compared to analysts’ expectations of $191.18 million. Pathward Financial had a return on equity of 20.61% and a net margin of 21.03%.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. Sell-side analysts expect that Pathward Financial, Inc. will post 7.93 EPS for the current fiscal year.

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.