Piper Sandler Has Lowered Expectations for Pathward Financial (NASDAQ:CASH) Stock Price

Pathward Financial (NASDAQ:CASH) had its price objective cut by stock analysts at Piper Sandler from $94.00 to $91.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the savings and loans company’s stock. Piper Sandler’s price objective suggests a potential upside of 18.10% from the company’s current price.

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

Pathward Financial Stock Performance

Shares of CASH stock traded down $1.38 during trading on Wednesday, reaching $77.06. 87,062 shares of the company’s stock traded hands, compared to its average volume of 171,031. The firm’s 50-day moving average is $78.58 and its 200 day moving average is $71.10. 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 1 year low of $46.68 and a 1 year high of $86.00. The company has a market capitalization of $1.86 billion, a P/E ratio of 11.62 and a beta of 0.72.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $173.51 million during the quarter, compared to the consensus estimate of $173,273.50 billion. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 EPS. Equities research analysts expect that Pathward Financial will post 7.29 EPS for the current year.

Insider Buying and Selling

In other news, CFO Greg Sigrist sold 2,250 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were 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 owns 9,644 shares in the company, valued at approximately $777,306.40. This trade represents a 18.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CASH. Quarry LP increased its position in Pathward Financial by 419.0% during the 2nd quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock valued at $29,000 after purchasing an additional 419 shares during the period. Financial Management Professionals Inc. acquired a new stake in Pathward Financial in the 3rd quarter worth approximately $29,000. Point72 DIFC Ltd acquired a new stake in Pathward Financial during the 3rd quarter valued at approximately $35,000. USA Financial Formulas acquired a new stake in Pathward Financial during the 3rd quarter valued at approximately $56,000. Finally, nVerses Capital LLC acquired a new stake in Pathward Financial during the 3rd quarter valued at approximately $79,000. Hedge funds and other institutional investors 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.