Pathward Financial (NASDAQ:CASH) Price Target Raised to $75.00

Pathward Financial (NASDAQ:CASH) had its price target raised by Piper Sandler from $68.00 to $75.00 in a report published on Thursday, Benzinga reports. The firm currently has an overweight rating on the savings and loans company’s stock.

Separately, Keefe, Bruyette & Woods lowered their price objective on Pathward Financial from $60.00 to $58.00 and set a market perform rating on the stock in a research report on Friday, April 5th.

Pathward Financial Price Performance

Shares of NASDAQ:CASH opened at $68.21 on Thursday. Pathward Financial has a twelve month low of $41.79 and a twelve month high of $69.63. The company’s 50 day moving average is $56.78 and its 200 day moving average is $52.96. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.72 billion, a PE ratio of 10.24 and a beta of 0.68.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings results on Wednesday, July 24th. The savings and loans company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.11. Pathward Financial had a net margin of 22.10% and a return on equity of 24.08%. The company had revenue of $176.73 million for the quarter, compared to the consensus estimate of $176.63 million. During the same quarter in the prior year, the company earned $1.76 EPS. Pathward Financial’s quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that Pathward Financial will post 6.47 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Tuesday, June 11th were given a $0.05 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $0.20 annualized dividend and a yield of 0.29%. Pathward Financial’s dividend payout ratio is presently 3.00%.

Insiders Place Their Bets

In other Pathward Financial news, Director Kendall E. Stork sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $53.53, for a total value of $107,060.00. Following the sale, the director now owns 11,213 shares in the company, valued at approximately $600,231.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Pathward Financial

Several hedge funds have recently bought and sold shares of CASH. Cottage Street Advisors LLC lifted its position in shares of Pathward Financial by 60.9% during the 4th quarter. Cottage Street Advisors LLC now owns 2,114 shares of the savings and loans company’s stock valued at $112,000 after buying an additional 800 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Pathward Financial by 70.3% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 5,646 shares of the savings and loans company’s stock valued at $303,000 after buying an additional 2,330 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Pathward Financial by 24.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,535 shares of the savings and loans company’s stock valued at $134,000 after buying an additional 500 shares in the last quarter. Moody Aldrich Partners LLC lifted its position in shares of Pathward Financial by 41.1% during the 4th quarter. Moody Aldrich Partners LLC now owns 127,316 shares of the savings and loans company’s stock valued at $6,739,000 after buying an additional 37,116 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Pathward Financial during the 4th quarter valued at approximately $693,000. 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.