Envestnet Asset Management Inc. Buys 3,078 Shares of Pathward Financial, Inc. $CASH

Envestnet Asset Management Inc. increased its stake in Pathward Financial, Inc. (NASDAQ:CASH) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,392 shares of the savings and loans company’s stock after buying an additional 3,078 shares during the period. Envestnet Asset Management Inc. owned 0.14% of Pathward Financial worth $2,721,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in shares of Pathward Financial during the fourth quarter valued at approximately $267,437,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Pathward Financial during the 1st quarter worth $584,000. Wedbush Securities Inc. bought a new stake in Pathward Financial during the 1st quarter valued at $320,000. Cetera Investment Advisers lifted its holdings in shares of Pathward Financial by 29.0% in the 1st quarter. Cetera Investment Advisers now owns 7,880 shares of the savings and loans company’s stock worth $575,000 after buying an additional 1,773 shares during the period. Finally, USAdvisors Wealth Management LLC lifted its holdings in shares of Pathward Financial by 37.0% in the 1st quarter. USAdvisors Wealth Management LLC now owns 607 shares of the savings and loans company’s stock worth $44,000 after buying an additional 164 shares during the period. 92.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Nadia Dombrowski sold 5,000 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $71.46, for a total transaction of $357,300.00. Following the completion of the sale, the insider owned 6,528 shares of the company’s stock, valued at $466,490.88. This represents a 43.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas J. Hajek sold 3,000 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $68.11, for a total value of $204,330.00. Following the transaction, the director directly owned 16,631 shares in the company, valued at approximately $1,132,737.41. The trade was a 15.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 19,500 shares of company stock worth $1,384,455. Corporate insiders own 1.23% of the company’s stock.

Pathward Financial Stock Up 0.1%

Pathward Financial stock opened at $68.86 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.57 billion, a P/E ratio of 8.72 and a beta of 0.79. The business has a fifty day moving average of $72.65 and a two-hundred day moving average of $76.46. Pathward Financial, Inc. has a twelve month low of $64.45 and a twelve month high of $86.00.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Tuesday, October 21st. The savings and loans company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.39 by $0.30. The firm had revenue of $186.71 million during the quarter, compared to analyst estimates of $189.50 million. Pathward Financial had a return on equity of 22.97% and a net margin of 22.45%.The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS. Pathward Financial has set its FY 2026 guidance at 8.250-8.750 EPS. On average, analysts forecast that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, September 10th. Pathward Financial’s dividend payout ratio is presently 2.53%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Pathward Financial in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Pathward Financial has an average rating of “Moderate Buy” and a consensus target price of $91.00.

Pathward Financial Company Profile

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.