Assenagon Asset Management S.A. Invests $4.76 Million in Pathward Financial, Inc. $CASH

Assenagon Asset Management S.A. acquired a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,360 shares of the savings and loans company’s stock, valued at approximately $4,763,000. Assenagon Asset Management S.A. owned approximately 0.28% of Pathward Financial as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CASH. Bessemer Group Inc. grew its position in Pathward Financial by 647.8% during the 2nd quarter. Bessemer Group Inc. now owns 344 shares of the savings and loans company’s stock worth $27,000 after purchasing an additional 298 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Pathward Financial during the second quarter worth $30,000. Maseco LLP acquired a new stake in shares of Pathward Financial during the second quarter worth $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Pathward Financial by 43,200.0% during the second quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company’s stock valued at $34,000 after buying an additional 432 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Pathward Financial in the 2nd quarter valued at $46,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pathward Financial in a research report on Monday, December 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.00.

Insider Activity at Pathward Financial

In other news, Director Douglas J. Hajek sold 3,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $68.11, for a total transaction of $204,330.00. Following the sale, the director directly owned 16,631 shares in the company, valued at $1,132,737.41. This trade represents a 15.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nadia Dombrowski sold 5,000 shares of Pathward Financial stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $71.46, for a total value of $357,300.00. Following the completion of the transaction, the insider owned 6,528 shares of the company’s stock, valued at approximately $466,490.88. This represents a 43.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 19,500 shares of company stock worth $1,384,455 in the last three months. Company insiders own 1.23% of the company’s stock.

Pathward Financial Stock Performance

Shares of CASH stock opened at $75.41 on Monday. 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. The stock has a market cap of $1.68 billion, a PE ratio of 9.55 and a beta of 0.75. The business has a 50-day simple moving average of $71.13 and a 200-day simple moving average of $75.11.

Pathward Financial (NASDAQ:CASH) last posted its 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. Pathward Financial had a return on equity of 22.97% and a net margin of 22.45%.The firm had revenue of $186.71 million for the quarter, compared to analyst estimates of $189.50 million. During the same period last year, the company earned $1.35 earnings per share. Pathward Financial’s revenue for the quarter 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. On average, equities analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be issued 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 is Wednesday, December 10th. Pathward Financial’s payout ratio is 2.53%.

About Pathward Financial

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.