Pathward Financial (NASDAQ:CASH) Given New $94.00 Price Target at Piper Sandler

Pathward Financial (NASDAQ:CASH) had its price target increased by investment analysts at Piper Sandler from $82.00 to $94.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the savings and loans company’s stock. Piper Sandler’s price target indicates a potential upside of 27.68% from the company’s current price.

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Pathward Financial Trading Down 0.6 %

CASH opened at $73.62 on Monday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 11.10 and a beta of 0.69. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04. Pathward Financial has a 12 month low of $46.68 and a 12 month high of $86.00. The firm’s fifty day simple moving average is $78.09 and its 200 day simple moving average is $68.18.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.08. The company had revenue of $167.90 million for the quarter, compared to analyst estimates of $167.20 million. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 earnings per share. As a group, research analysts anticipate that Pathward Financial will post 7.05 EPS for the current fiscal year.

Insider Buying and Selling at Pathward Financial

In other news, CFO Greg Sigrist sold 2,250 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $80.60, for a total value of $181,350.00. Following the completion of the sale, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at $777,306.40. This trade represents a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Pathward Financial

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC bought a new position in shares of Pathward Financial in the third quarter valued at about $725,000. Wilmington Savings Fund Society FSB bought a new position in Pathward Financial in the 3rd quarter valued at about $264,000. Geode Capital Management LLC lifted its position in Pathward Financial by 2.8% during the third quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company’s stock worth $46,206,000 after acquiring an additional 18,936 shares during the last quarter. Barclays PLC boosted its holdings in shares of Pathward Financial by 83.1% during the third quarter. Barclays PLC now owns 56,327 shares of the savings and loans company’s stock worth $3,718,000 after acquiring an additional 25,570 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in shares of Pathward Financial by 27.2% in the third quarter. Orion Portfolio Solutions LLC now owns 6,308 shares of the savings and loans company’s stock valued at $416,000 after purchasing an additional 1,350 shares during the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Company Profile

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.