JPMorgan Chase & Co. Has $29.07 Million Stock Position in Pathward Financial, Inc. $CASH

JPMorgan Chase & Co. reduced its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH) by 10.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 392,790 shares of the savings and loans company’s stock after selling 45,112 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.76% of Pathward Financial worth $29,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CASH. EverSource Wealth Advisors LLC boosted its holdings in 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 worth $34,000 after purchasing an additional 432 shares during the last quarter. State of Wyoming acquired a new stake in Pathward Financial in the 2nd quarter valued at $46,000. PNC Financial Services Group Inc. lifted its position in Pathward Financial by 10.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,281 shares of the savings and loans company’s stock worth $169,000 after buying an additional 218 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. lifted its position in Pathward Financial by 30.5% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 2,551 shares of the savings and loans company’s stock worth $189,000 after buying an additional 596 shares in the last quarter. Finally, denkapparat Operations GmbH acquired a new position in shares of Pathward Financial during the 3rd quarter worth about $219,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Pathward Financial news, CEO Brett L. Pharr sold 15,641 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $93.88, for a total value of $1,468,377.08. Following the sale, the chief executive officer owned 78,261 shares in the company, valued at $7,347,142.68. This represents a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.43% of the stock is currently owned by company insiders.

Pathward Financial Stock Performance

Shares of CASH stock opened at $89.28 on Monday. The company has a fifty day moving average price of $88.24 and a two-hundred day moving average price of $78.19. Pathward Financial, Inc. has a one year low of $64.45 and a one year high of $96.06. The stock has a market cap of $1.94 billion, a P/E ratio of 10.91 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.79.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings data on Thursday, January 22nd. The savings and loans company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.19. The company had revenue of $173.10 million for the quarter, compared to analyst estimates of $185.80 million. Pathward Financial had a net margin of 22.95% and a return on equity of 22.76%. Pathward Financial’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 EPS. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. As a group, equities analysts predict that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 12th. Pathward Financial’s payout ratio is 2.44%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Keefe, Bruyette & Woods upgraded Pathward Financial from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Friday, January 23rd. Wall Street Zen cut Pathward Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Piper Sandler started coverage on Pathward Financial in a research note on Thursday, March 12th. They issued an “overweight” rating and a $107.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $103.50.

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.