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Pathward Financial (CASH)

MetaBank®, N.A., a national bank, is a subsidiary of Meta Financial Group, Inc.®, a South Dakota-based financial holding company. MetaBank, is a financial enablement company that works to increase financial availability, choice, and opportunity for all. MetaBank strives to remove barriers that traditional institutions put in the way of financial access, and promote economic mobility by providing responsible, secure, high quality financial products that contribute to individuals and communities at the core of the real economy.

Company profile

Ticker
CASH
Exchange
NASDAQ
Website
www.metafinancialgroup.com
CEO
J. Tyler Haahr
Employees
Incorporated
Delaware
Location
South Dakota
Fiscal year end
Sep 30
Sector
Finance and Insurance > Savings Institutions
Industry (SIC)
National Commercial Banks
Citigroup • Wells Fargo & Co. • JPMorgan Chase & Co. • U.S. Bancorp. • PNC Financial Services • Capital One Financial • Shinhan Financial • HSBC USA • Regions Financial • Keycorp ...
Former names
FIRST MIDWEST FINANCIAL INC, META FINANCIAL GROUP INC
SEC CIK
0000907471
Corporate docs
Subsidiaries
The financial statements of Meta Financial Group, Inc. ...
IRS number
421406262

CASH stock data

News

From Benzinga Pro
This Healthcare Stock Tumbled 43%; Here Are 88 Biggest Movers From Yesterday
29 Jul 22
Gainers Athersys, Inc. (NASDAQ: ATHX) climbed 71.1% to close at $0.3250 on Thursday after gaining 10% on Wednesday. Athersys is expected to release its Q2 financial results on Thursday, August 11, 2022.
Nasdaq Rises 100 Points; US Economy Shrinks Again In Q2
28 Jul 22
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 100 points on Thursday.
Pathward Financial Yesterday Reported Q3 EPS $0.93 Beats $0.91 Estimate, Sales $126.14M Miss $130.86M Estimate
28 Jul 22
Meta Financial Group (NASDAQ:CASH) reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.91 by 2.2 percent. This is a 23.14 percent decrease over earnings of $1.21 per share from
Stocks That Hit 52-Week Lows On Thursday
28 Jul 22
Why Shares of Solar Companies Are Trading Higher? 64 Stocks Moving In Thursday's Mid-Day Session
28 Jul 22

Press releases

From Benzinga Pro
Pathward's Nancy Schempp Named to American Banker's Prestigious List of The Most Influential Women in Payments: Next
11 Aug 22
Senior Vice President, Partner Services and Delivery at Pathward Celebrated as One of the Financial Services Industry's Top-Performing Senior Executives Pathward™, N.A., the U.S.-based financial empowerment
Kora, the Personal Finance App Just for College Students, Reaches 100,000 Active Users on Budgeting Tool
9 Aug 22
Kora Insights, their premier budgeting tool, is achieving record usage amidst rising tuition and nationwide inflation Kora, a financial technology company exclusively serving college students, announced they've reached
Pathward Financial, Inc.™ Announces Results for 2022 Fiscal Third Quarter
27 Jul 22
- Fiscal 2022 Third Quarter Net Income of $22.4 million, or $0.76 Per Diluted Share - - Reinstates Guidance, With Fiscal 2023 GAAP EPS Range of $5.25 to $5.75 - Pathward Financial, Inc.TM, ("Pathward Financial" or the
Pathward Financial, Inc.™ to Announce Third Quarter 2022 Earnings and Host Conference Call on July 27, 2022
14 Jul 22
Freedom Financial Network Announces Close of $324M Securitization of FreedomPlus Personal Loans
7 Jul 22

Analyst ratings and price targets

Last 3 months
Current price
Average target
$50.67
Low target
$45.00
High target
$61.00
Keefe, Bruyette & Woods
Downgraded
Market Perform
$45.00
28 Jul 22
Piper Sandler
Maintains
Overweight
$61.00
11 Jul 22
Raymond James
Downgraded
Outperform
$46.00
7 Jul 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

9 May 22
12 Aug 22
30 Sep 22

Financial summary

Financial statements Chart CASH financial data
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 237.68M 237.68M 237.68M 237.68M 237.68M 237.68M
Cash burn (monthly) 330.81M 290.55M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 1.46B 1.28B n/a n/a n/a n/a
Cash remaining -1.22B -1.04B n/a n/a n/a n/a
Runway (months of cash) -3.7 -3.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

CASH insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Aug 22 Kramer Michael Robert Common Stock Sell Dispose S Yes No 36.25 250 9.06K 10,600
10 Aug 22 Kramer Michael Robert Common Stock Sell Dispose S Yes No 35.74 750 26.81K 10,850
9 Aug 22 Kramer Michael Robert Common Stock Sell Dispose S Yes No 34.3 500 17.15K 11,600
8 Aug 22 Charles C. Ingram Common Stock Buy Acquire P No No 34.25 1,250 42.81K 22,026
8 Aug 22 Kramer Michael Robert Common Stock Sell Dispose S Yes No 34.75 250 8.69K 12,100
2 Aug 22 Glen William Herrick Common Stock Buy Acquire P No No 33.46 3,000 100.38K 104,869
2 Aug 22 Douglas J. Hajek Common Stock Buy Acquire P No No 34.02 500 17.01K 19,081
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CASH institutional ownership history Ownership history
13F holders Current Prev Q Change
Total holders 201 196 +2.6%
Opened positions 31 29 +6.9%
Closed positions 26 28 -7.1%
Increased positions 54 57 -5.3%
Reduced positions 88 85 +3.5%
13F shares Current Prev Q Change
Total value 5.91B 6.28B -5.9%
Total shares 114.72M 89.33M +28.4%
Total puts 18.6K 15.5K +20.0%
Total calls 12.3K 20.6K -40.3%
Total put/call ratio 1.5 0.8 +101.0%
Largest owners Shares Value Change
NextCapital Advisers 89.8M $89.8M NEW
BLK Blackrock 4.41M $242.08M -0.9%
FMR 2.51M $137.97M -8.5%
Vanguard 1.68M $92.08M -16.6%
STT State Street 1.62M $89.01M +9.1%
Dimensional Fund Advisors 1.47M $80.57M +0.5%
GS Goldman Sachs 1.08M $59.06M -5.3%
Nantahala Capital Management 869.99K $47.78M -2.9%
Epoch Investment Partners 649.72K $35.68M +5.5%
Geode Capital Management 574.58K $31.56M +0.5%
Largest transactions Shares Bought/sold Change
NextCapital Advisers 89.8M +89.8M NEW
Okabena Investment Services 0 -55.01M EXIT
Mariner 0 -8.7M EXIT
Vanguard 1.68M -332.78K -16.6%
FMR 2.51M -234.04K -8.5%
Basswood Capital Management, L.L.C. 160.96K +160.96K NEW
STT State Street 1.62M +134.59K +9.1%
Healthcare Of Ontario Pension Plan Trust Fund 218K -131K -37.5%
State Of Wisconsin Investment Board 134.5K +128.7K +2219.0%
Public Sector Pension Investment Board 405.27K -97.79K -19.4%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Bancorp Inc. (The)
Management Discussion
  • •On March 29, 2022, the Company announced it is changing its name to Pathward Financial, Inc.™, and its bank subsidiary, MetaBank®, N.A., will be changing its name to Pathward™, N.A. Certain changes will be made immediately, with a full transition to Pathward expected by the end of this calendar year, including the launch of a new brand identity and website. The Company will continue to serve its customers under existing brand names during the transition. The Company recognized $2.8 million of pre-tax expenses related to rebranding efforts during the second quarter of fiscal 2022. The Company continues to estimate total rebranding expenses will range between $15 million and $20 million.
  • •On April 27, 2022, Meta published its second annual ESG report. In addition to detailing the Company's community impact program and its diversity, equity, and inclusion initiatives, it contains enhanced quantitative reporting, which will be used to measure progress.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
New words: absent, April, conflict, consulting, custodian, depreciation, flat, floating, flow, geopolitical, military, Pathward, redemption, Russia, Ukraine, website
Removed: Block, debit, efficacy, increasing, leased, legacy, low, residual
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
9 May 22
10-Q
2022 Q1
Quarterly report
8 Feb 22
10-K
2021 FY
Annual report
22 Nov 21
10-Q
2021 Q3
Quarterly report
9 Aug 21
10-Q
2021 Q2
Quarterly report
6 May 21
10-Q
2021 Q1
Quarterly report
8 Feb 21
10-K
2020 FY
Annual report
30 Nov 20
10-Q
2020 Q3
Quarterly report
6 Aug 20
10-Q
2020 Q2
Quarterly report
7 May 20
10-Q
2020 Q1
Quarterly report
6 Feb 20
Current reports
View all
8-K
Pathward Financial, Inc.™ Announces Results for 2022 Fiscal Third Quarter
27 Jul 22
8-K
Amendments to Articles of Incorporation or Bylaws
13 Jul 22
8-K
Meta Financial Group, Inc.® Declares Cash Dividend
18 May 22
8-K
Departure of Directors or Certain Officers
9 May 22
8-K
Meta Financial Group, Inc.® Announces Results for 2022 Fiscal Second Quarter
28 Apr 22
8-K
MetaBank Announces Name Change to Pathward
29 Mar 22
8-K
Meta Financial Group, Inc.® Declares Cash Dividend
24 Feb 22
8-K
Submission of Matters to a Vote of Security Holders
22 Feb 22
8-K
Regulation FD Disclosure
15 Feb 22
8-K
Meta Financial Group, Inc.® Announces Results for 2022 Fiscal First Quarter
26 Jan 22
Registration and prospectus
View all
S-3ASR
Automatic shelf registration
28 Sep 21
425
Business combination disclosure
16 May 18
424B3
Prospectus supplement
26 Apr 18
S-4/A
Registration of securities issued in business combination transactions (amended)
19 Apr 18
S-4
Registration of securities issued in business combination transactions
18 Mar 18
S-8
Registration of securities for employees
23 Jan 18
425
Business combination disclosure
8 Jan 18
RW
Registration withdrawal request
27 Dec 16
RW
Registration withdrawal request
21 Dec 16
D
$25M in equity, sold $7.5M, 1 investor
22 Nov 16
Proxies
View all
DEFA14A
Additional proxy soliciting materials
13 Jan 22
DEF 14A
Definitive proxy
13 Jan 22
DEFA14A
Additional proxy soliciting materials
14 Jan 21
DEF 14A
Definitive proxy
14 Jan 21
DEFA14A
Additional proxy soliciting materials
15 Jan 20
DEF 14A
Definitive proxy
15 Jan 20
DEFA14A
Additional proxy soliciting materials
23 Dec 18
DEF 14A
Definitive proxy
18 Dec 18
DEFA14A
Additional proxy soliciting materials
9 Jan 18
DEF 14A
Definitive proxy
3 Dec 17
Other
View all
EFFECT
Notice of effectiveness
30 Apr 18
CORRESP
Correspondence with SEC
25 Apr 18
CORRESP
Correspondence with SEC
19 Apr 18
EFFECT
Notice of effectiveness
11 Jul 16
CORRESP
Correspondence with SEC
7 Jul 16
UPLOAD
Letter from SEC
4 Jul 16
CORRESP
Correspondence with SEC
15 Mar 16
EFFECT
Notice of effectiveness
15 Mar 16
CORRESP
Correspondence with SEC
10 Mar 16
CORRESP
Correspondence with SEC
7 Mar 16
Ownership
View all
4
PATHWARD FINANCIAL / Michael Robert Kramer ownership change
11 Aug 22
4
PATHWARD FINANCIAL / Michael Robert Kramer ownership change
10 Aug 22
4
PATHWARD FINANCIAL / Charles C. Ingram ownership change
10 Aug 22
4
PATHWARD FINANCIAL / Michael Robert Kramer ownership change
5 Aug 22
4
PATHWARD FINANCIAL / Douglas J. Hajek ownership change
3 Aug 22
4
PATHWARD FINANCIAL / Glen William Herrick ownership change
2 Aug 22
4
PATHWARD FINANCIAL / Brett L. Pharr ownership change
2 Aug 22
4
PATHWARD FINANCIAL / Nadia Dombrowski ownership change
1 Aug 22
4
META FINANCIAL / Brett L. Pharr ownership change
5 Jul 22
4
META FINANCIAL / Brett L. Pharr ownership change
15 Jun 22

Transcripts

View all
2022 Q3
Earnings call transcript
28 Jul 22
2022 Q2
Earnings call transcript
29 Apr 22
2022 Q1
Earnings call transcript
27 Jan 22
2021 Q4
Earnings call transcript
28 Oct 21
2021 Q3
Earnings call transcript
29 Jul 21
2021 Q2
Earnings call transcript
28 Apr 21
2021 Q1
Earnings call transcript
28 Jan 21
2020 Q4
Earnings call transcript
28 Oct 20
2020 Q3
Earnings call transcript
22 Jul 20
2020 Q2
Earnings call transcript
22 Apr 20

Reddit threads

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