Chou Associates Management Inc. Invests $2.38 Million in Pathward Financial, Inc. $CASH

Chou Associates Management Inc. bought a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 27,389 shares of the savings and loans company’s stock, valued at approximately $2,384,000. Pathward Financial comprises 1.1% of Chou Associates Management Inc.’s investment portfolio, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of CASH. Orchard Capital Management LLC acquired a new stake in Pathward Financial during the 2nd quarter worth about $1,841,000. Emerald Investment Advisers LLC acquired a new position in shares of Pathward Financial in the second quarter worth about $2,747,000. Denali Advisors LLC acquired a new position in shares of Pathward Financial in the second quarter worth about $4,211,000. Meeder Asset Management Inc. purchased a new position in shares of Pathward Financial in the second quarter worth approximately $831,000. Finally, BlackRock Inc. purchased a new position in shares of Pathward Financial in the second quarter worth approximately $270,275,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Piper Sandler restated 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. Keefe, Bruyette & Woods lowered their price objective on shares of 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, Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $101.00.

Insider Activity at Pathward Financial

In related news, Director Elizabeth G. Hoople sold 4,500 shares of the business’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 transaction of $370,305.00. Following the transaction, the director directly owned 28,050 shares of the company’s stock, valued at approximately $2,308,234.50. The trade was a 13.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.43% of the company’s stock.

Pathward Financial Stock Down 0.3%

Shares of Pathward Financial stock opened at $83.68 on Friday. Pathward Financial, Inc. has a 1 year low of $65.87 and a 1 year high of $101.26. The company has a market cap of $1.74 billion, a P/E ratio of 10.49 and a beta of 0.61. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $87.16 and a 200 day moving average price of $88.29.

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

Pathward Financial Dividend Announcement

The business 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is currently 2.51%.

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.