Pathward Financial (NASDAQ:CASH) Stock Price Expected to Rise, Piper Sandler Analyst Says

Pathward Financial (NASDAQ:CASH) had its price objective raised by analysts at Piper Sandler from $82.00 to $94.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the savings and loans company’s stock. Piper Sandler’s price target points to a potential upside of 25.60% from the company’s current price.

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

Pathward Financial Stock Up 1.0 %

Shares of CASH opened at $74.84 on Monday. The business’s 50 day simple moving average is $78.10 and its 200-day simple moving average is $68.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.74 and a quick ratio of 0.63. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 11.29 and a beta of 0.69. Pathward Financial has a 1 year low of $46.68 and a 1 year high of $86.00.

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

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction dated 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 in the company, valued at approximately $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 can be accessed through the SEC website. 0.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Pathward Financial

Several hedge funds have recently modified their holdings of the stock. Mawer Investment Management Ltd. purchased a new stake in Pathward Financial during the 2nd quarter worth approximately $12,376,000. F M Investments LLC acquired a new position in shares of Pathward Financial in the 2nd quarter valued at $10,784,000. FMR LLC raised its stake in Pathward Financial by 6.9% in the 3rd quarter. FMR LLC now owns 2,052,287 shares of the savings and loans company’s stock worth $135,471,000 after acquiring an additional 132,067 shares during the last quarter. American Century Companies Inc. lifted its position in Pathward Financial by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock worth $28,551,000 after acquiring an additional 85,566 shares during the period. Finally, Foundry Partners LLC purchased a new stake in Pathward Financial during the 2nd quarter valued at about $4,669,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

About Pathward Financial

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.