Pathward Financial (CASH) AI Stock Analysis

• Market Cap: $1.81B
• Dividend Yield: 0.25%
• Average Volume (3M): 177.53K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 0.99
• Revenue Growth: 3.78%
• EPS Growth: 14.13%
• Country: US
• Employees: 1,155
• Sector: Financial
• Sector Strength: 78
• Industry: Banks - Regional
• EPS (TTM): 1.81
• Shares Outstanding: 22,772,570
• 10 Day Avg. Volume: 131,566
• 30 Day Avg. Volume: 177,530
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 2.68
• Enterprise Value/Gross Profit: 2.81
• Enterprise Value/Ebitda: 6.68
• 1Y Price Target: $88.50
• Price Target Upside: 12.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 75 Outperform
• Price Target: $89.00 ▲(12.72% Upside)

Meta Financial Group's strong financial performance and positive technical indicators are offset by valuation concerns and recent corporate events. The company's robust growth prospects are tempered by compliance issues and elevated expenses.

Pathward Financial Business Overview & Revenue Model

Company Description

Pathward Financial, identified by its stock symbol CASH, is a financial services company that focuses on providing a range of banking and payment solutions. The company primarily operates in the sectors of digital banking and payments, offering services such as prepaid debit cards, mobile banking applications, and various payment processing solutions. Pathward aims to serve underbanked and underserved markets, providing accessible financial services to individuals and businesses.

How the Company Makes Money

Pathward Financial generates revenue through several key streams. Primarily, the company earns income from transaction fees associated with its prepaid debit card services and payment processing solutions. Additionally, it generates interest income from the balances held in customer accounts and from loans provided to clients. Pathward also engages in partnerships with various businesses, including fintech companies, which expand its service offerings and customer base. These collaborations often involve revenue-sharing agreements that further contribute to the company's earnings. Furthermore, the company benefits from economies of scale as it grows its customer base, allowing for increased operational efficiency and profitability.

Pathward Financial Financial Statement Overview

Summary

Meta Financial Group shows strong profitability with consistent revenue growth and effective cost management. The zero-debt approach enhances financial stability, although there is potential to improve returns on equity.

Income Statement

Meta Financial Group demonstrates strong profitability with a consistent net profit margin and steady EBIT and EBITDA margins. Revenue growth is evident from the increase over the past periods, notably a 24% rise from 2023 to 2024. These factors indicate effective cost management and revenue generation capabilities.

Balance Sheet

The company's balance sheet shows a solid equity position with zero total debt in the latest TTM data, indicating financial stability. The equity ratio stands at 10%, reflecting a moderate level of leverage, which is typical in the banking industry. However, the relatively low return on equity (ROE) suggests room for improving shareholder returns.

Cash Flow

Meta Financial Group displays a healthy cash flow situation, with positive free cash flow growth and robust operating cash flow. The free cash flow to net income ratio is favorable, suggesting efficient cash generation relative to profits. The cash flow metrics underscore the company's ability to generate cash to support operations and investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	640.73M	626.20M	588.25M	501.28M	515.13M	477.04M
Gross Profit	611.96M	562.30M	520.02M	472.74M	458.50M	378.46M
EBITDA	257.34M	256.56M	247.09M	248.92M	215.49M	175.75M
Net Income	180.86M	168.36M	163.62M	156.39M	141.71M	104.72M
Balance Sheet
Total Assets	7.01B	7.55B	7.54B	6.75B	6.69B	6.09B
Cash, Cash Equivalents and Short-Term Investments	0.00	1.90B	2.18B	2.27B	2.18B	1.24B
Total Debt	33.41M	410.35M	46.87M	36.03M	98.03M	98.22M
Total Liabilities	6.18B	6.71B	6.88B	6.10B	5.82B	5.24B
Stockholders Equity	832.89M	839.88M	651.63M	645.17M	870.73M	843.71M
Cash Flow
Free Cash Flow	6.49M	176.78M	-146.79M	-170.06M	517.62M	401.32M
Operating Cash Flow	161.52M	453.54M	303.11M	268.81M	581.64M	467.22M
Investing Cash Flow	50.87M	-227.66M	-920.76M	-310.87M	-1.12B	-206.32M
Financing Cash Flow	39.09M	-443.20M	604.86M	117.82M	422.93M	40.02M

Pathward Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 78.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CASH, the sentiment is Positive. The current price of 78.96 is above the 20-day moving average (MA) of 76.46, above the 50-day MA of 78.65, and above the 200-day MA of 77.48, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 56.11 is Neutral, neither overbought nor oversold. The STOCH value of 83.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CASH.

Pathward Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OFG	78 Outperform	$1.99B	10.48	15.20%	2.47%	4.15%	4.39%
NIC	78 Outperform	$2.05B	15.87	11.89%	0.88%	8.38%	26.81%
CASH	75 Outperform	$1.81B	10.45	22.79%	0.25%	3.78%	14.13%
CHCO	74 Outperform	$1.86B	15.48	16.70%	2.47%	8.28%	6.96%
FBNC	74 Outperform	$2.26B	23.26	6.53%	1.63%	-2.04%	-14.82%
Sector *	68 Neutral	$17.95B	11.54	10.27%	3.74%	9.64%	1.17%
MBIN	67 Neutral	$1.49B	7.12	12.43%	1.17%	3.49%	-30.76%

Pathward Financial Corporate Events

Pathward Financial Faces Nasdaq Compliance Notice

On August 26, 2025, Pathward Financial received a notice from Nasdaq indicating non-compliance with the Nasdaq Listing Rule due to the delayed filing of its Quarterly Report for the fiscal quarter ended June 30, 2025. This follows a similar notice received on May 22, 2025, for the previous quarter. The company has until September 10, 2025, to update its compliance plan and aims to meet the November 13, 2025 deadline to regain compliance. The notice does not immediately affect the company’s stock listing or trading on Nasdaq.

Pathward Financial Declares Fourth Quarter Cash Dividend

On August 21, 2025, Pathward Financial, Inc. announced a cash dividend of $0.05 per share for the fourth quarter of fiscal year 2025, payable on October 1, 2025, to shareholders of record as of September 10, 2025. This announcement reflects the company’s ongoing commitment to providing value to its shareholders and may influence its market positioning by demonstrating financial stability and shareholder returns.

Meta Financial Group Restates Financial Statements Amid Errors

Pathward Financial, Inc. reported preliminary results for its fiscal third quarter of 2025, showing a net income of $42.1 million, a slight decrease from the previous year. The company experienced a 4% increase in total revenue, driven by noninterest income, and a rise in net interest margin due to balance sheet optimization. However, the company is restating certain financial statements due to errors in gross vs. net basis presentation and derivative accounting. The restatements are expected to impact the Credit Solutions business and held-for-investment loan balances, with actual results potentially differing from the preliminary figures.