Piper Sandler Boosts Pathward Financial (NASDAQ:CASH) Price Target to $82.00

Pathward Financial (NASDAQ:CASH) had its price target raised by research analysts at Piper Sandler from $75.00 to $82.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the savings and loans company’s stock. Piper Sandler’s target price would indicate a potential upside of 14.14% from the stock’s previous close.

Separately, Keefe, Bruyette & Woods increased their price objective on shares of Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th.

Pathward Financial Price Performance

Shares of NASDAQ CASH traded down $0.84 during mid-day trading on Thursday, reaching $71.84. 22,859 shares of the company traded hands, compared to its average volume of 177,258. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.73 and a quick ratio of 0.72. The firm has a market cap of $1.82 billion, a PE ratio of 10.66 and a beta of 0.68. Pathward Financial has a fifty-two week low of $41.79 and a fifty-two week high of $75.20. The stock has a fifty day simple moving average of $67.81 and a 200-day simple moving average of $60.25.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, July 24th. The savings and loans company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.55 by $0.11. The firm had revenue of $176.73 million for the quarter, compared to the consensus estimate of $176.63 million. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. Equities research analysts anticipate that Pathward Financial will post 6.54 EPS for the current fiscal year.

Insider Transactions at Pathward Financial

In other Pathward Financial news, Director Douglas J. Hajek sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $64.91, for a total transaction of $129,820.00. Following the sale, the director now directly owns 19,531 shares of the company’s stock, valued at $1,267,757.21. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Douglas J. Hajek sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $64.91, for a total transaction of $129,820.00. Following the transaction, the director now owns 19,531 shares in the company, valued at $1,267,757.21. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Anthony M. Sharett sold 3,100 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $66.40, for a total value of $205,840.00. Following the transaction, the president now owns 30,046 shares in the company, valued at approximately $1,995,054.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Pathward Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in Pathward Financial in the 2nd quarter worth $25,000. Quarry LP increased its holdings in Pathward Financial by 419.0% during the second quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock valued at $29,000 after buying an additional 419 shares during the period. Gladius Capital Management LP purchased a new position in Pathward Financial in the second quarter worth $31,000. USA Financial Formulas purchased a new position in Pathward Financial in the third quarter worth $56,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Pathward Financial during the first quarter worth $59,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

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.