Orchard Capital Management LLC Takes $1.84 Million Position in Pathward Financial, Inc. $CASH

by · The Cerbat Gem

Orchard Capital Management LLC purchased a new stake in Pathward Financial, Inc. (NASDAQ:CASHFree Report) in the 2nd quarter, HoldingsChannel reports. The fund purchased 21,144 shares of the savings and loans company’s stock, valued at approximately $1,841,000. Pathward Financial comprises approximately 1.8% of Orchard Capital Management LLC’s holdings, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Emerald Investment Advisers LLC purchased a new position in Pathward Financial during the 2nd quarter worth approximately $2,747,000. Denali Advisors LLC acquired a new stake in Pathward Financial during the 2nd quarter valued at $4,211,000. Meeder Asset Management Inc. purchased a new stake in shares of Pathward Financial in the second quarter valued at $831,000. BlackRock Inc. purchased a new stake in shares of Pathward Financial in the second quarter valued at $270,275,000. Finally, Deutsche Bank AG acquired a new stake in shares of Pathward Financial in the second quarter worth $12,895,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Stock Performance

Shares of CASH opened at $83.68 on Friday. The company has a market capitalization of $1.74 billion, a PE ratio of 10.49 and a beta of 0.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.82. The company’s 50 day moving average price is $87.16 and its 200 day moving average price is $88.29. Pathward Financial, Inc. has a 52 week low of $65.87 and a 52 week high of $101.26.

Pathward Financial (NASDAQ:CASHGet Free Report) last released its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.58). The company had revenue of $189.64 million during the quarter, compared to analysts’ expectations of $191.18 million. Pathward Financial had a return on equity of 20.61% and a net margin of 21.03%.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. Research 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. Stockholders of record on Thursday, September 10th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Pathward Financial’s dividend payout ratio is 2.51%.

Insider Activity

In related news, Director Elizabeth G. Hoople sold 4,500 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $82.29, for a total transaction of $370,305.00. Following the completion of the sale, the director directly owned 28,050 shares in the company, valued at approximately $2,308,234.50. This trade represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.43% of the company’s stock.

Analyst Ratings Changes

CASH has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Pathward Financial in a report on Wednesday, August 5th. Piper Sandler reissued an “overweight” rating and issued a $105.00 price objective (down from $107.00) on shares of Pathward Financial in a research note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods decreased their price objective on Pathward Financial from $108.00 to $97.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $101.00.

Get Our Latest Report on Pathward Financial

About Pathward Financial

(Free Report)

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.

Further Reading

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