Bank of New York Mellon Corp Decreases Position in Pathward Financial, Inc. $CASH

Bank of New York Mellon Corp cut its holdings in Pathward Financial, Inc. (NASDAQ:CASH) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,387 shares of the savings and loans company’s stock after selling 4,285 shares during the period. Bank of New York Mellon Corp owned approximately 0.78% of Pathward Financial worth $14,747,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Revolve Wealth Partners LLC bought a new stake in shares of Pathward Financial in the 4th quarter valued at about $267,437,000. American Century Companies Inc. grew its position in Pathward Financial by 6.7% during the 1st quarter. American Century Companies Inc. now owns 686,423 shares of the savings and loans company’s stock worth $50,075,000 after acquiring an additional 43,273 shares during the last quarter. Nuveen LLC purchased a new position in Pathward Financial in the 1st quarter worth approximately $22,795,000. Invesco Ltd. lifted its position in Pathward Financial by 30.9% in the first quarter. Invesco Ltd. now owns 307,261 shares of the savings and loans company’s stock valued at $22,415,000 after purchasing an additional 72,542 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in shares of Pathward Financial by 11.1% during the first quarter. Mawer Investment Management Ltd. now owns 287,644 shares of the savings and loans company’s stock valued at $20,984,000 after purchasing an additional 28,829 shares during the period. 92.66% of the stock is owned by institutional investors.

Pathward Financial Price Performance

Shares of Pathward Financial stock opened at $66.47 on Tuesday. The company has a market cap of $1.51 billion, a PE ratio of 8.41 and a beta of 0.79. The business has a 50 day moving average of $72.44 and a 200 day moving average of $76.37. Pathward Financial, Inc. has a 52 week low of $64.45 and a 52 week high of $86.00. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.04.

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

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were issued a $0.05 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.20 annualized dividend and a yield of 0.3%. Pathward Financial’s dividend payout ratio (DPR) is 2.53%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pathward Financial in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Insider Buying and Selling at Pathward Financial

In related news, insider Nadia Dombrowski sold 5,000 shares of Pathward Financial stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $71.46, for a total transaction of $357,300.00. Following the sale, the insider directly owned 6,528 shares in the company, valued at $466,490.88. The trade was a 43.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Anthony M. Sharett sold 11,500 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $71.55, for a total value of $822,825.00. Following the completion of the sale, the president directly owned 25,155 shares in the company, valued at approximately $1,799,840.25. The trade was a 31.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 19,500 shares of company stock valued at $1,384,455. 1.23% of the stock is currently owned by corporate insiders.

About Pathward Financial

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.