Pathward Financial (NASDAQ:CASH) Price Target Raised to $94.00

Pathward Financial (NASDAQ:CASH) had its target price increased by Piper Sandler from $82.00 to $94.00 in a report released on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the savings and loans company’s stock.

Separately, Keefe, Bruyette & Woods lifted 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

CASH stock opened at $74.84 on Monday. Pathward Financial has a twelve month low of $46.68 and a twelve month high of $86.00. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.81 billion, a P/E ratio of 11.29 and a beta of 0.69. The business’s fifty day moving average is $78.13 and its 200-day moving average is $68.47.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings data 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. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The business had revenue of $167.90 million during the quarter, compared to the consensus estimate of $167.20 million. During the same quarter in the prior year, the company posted $1.36 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that Pathward Financial will post 7.05 EPS for the current year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.20 annualized dividend and a yield of 0.27%. Pathward Financial’s dividend payout ratio is presently 3.02%.

Insider Buying and Selling at Pathward Financial

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

Institutional Investors Weigh In On Pathward Financial

Several large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its stake in Pathward Financial by 36.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,480 shares of the savings and loans company’s stock worth $423,000 after purchasing an additional 1,982 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of Pathward Financial by 5.8% during the second quarter. Panagora Asset Management Inc. now owns 164,196 shares of the savings and loans company’s stock worth $9,289,000 after buying an additional 8,953 shares in the last quarter. F M Investments LLC acquired a new stake in Pathward Financial in the 2nd quarter valued at approximately $10,784,000. Foundry Partners LLC bought a new stake in Pathward Financial in the 2nd quarter valued at approximately $4,669,000. Finally, Arbor Capital Management Inc. ADV acquired a new position in Pathward Financial during the 2nd quarter worth approximately $182,000. 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.