Piper Sandler Begins Coverage on Pathward Financial (NASDAQ:CASH)

Research analysts at Piper Sandler began coverage on shares of Pathward Financial (NASDAQ:CASH) in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm set an “overweight” rating and a $107.00 price target on the savings and loans company’s stock. Piper Sandler’s price objective suggests a potential upside of 17.36% from the company’s current price.

Several other research firms have also commented on CASH. Wall Street Zen lowered Pathward Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings upgraded shares of Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Finally, Keefe, Bruyette & Woods raised shares of Pathward Financial from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $103.50.

Pathward Financial Stock Performance

Shares of CASH stock opened at $91.17 on Thursday. Pathward Financial has a 52-week low of $64.45 and a 52-week high of $96.06. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.98 billion, a PE ratio of 11.15 and a beta of 0.74. The business has a 50-day simple moving average of $86.61 and a 200-day simple moving average of $77.82.

Pathward Financial (NASDAQ:CASH) last posted its earnings results on Thursday, January 22nd. The savings and loans company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.38 by $0.19. The firm had revenue of $173.10 million for the quarter, compared to analyst estimates of $185.80 million. Pathward Financial had a return on equity of 22.76% and a net margin of 22.95%.Pathward Financial’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. On average, equities analysts expect that Pathward Financial will post 7.26 EPS for the current year.

Insider Buying and Selling

In other Pathward Financial news, CEO Brett L. Pharr sold 15,641 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $93.88, for a total value of $1,468,377.08. Following the sale, the chief executive officer directly owned 78,261 shares of the company’s stock, valued at approximately $7,347,142.68. This trade represents a 16.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Seros Financial LLC acquired a new position in shares of Pathward Financial during the 3rd quarter worth about $481,003,000. Revolve Wealth Partners LLC purchased a new position in Pathward Financial in the 4th quarter valued at about $267,437,000. American Century Companies Inc. boosted its holdings in Pathward Financial by 44.6% in the 3rd quarter. American Century Companies Inc. now owns 1,049,836 shares of the savings and loans company’s stock worth $77,698,000 after buying an additional 323,785 shares during the last quarter. Comerica Bank boosted its holdings in Pathward Financial by 371.2% in the 4th quarter. Comerica Bank now owns 295,999 shares of the savings and loans company’s stock worth $21,016,000 after buying an additional 233,177 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC increased its stake in Pathward Financial by 62.0% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 348,590 shares of the savings and loans company’s stock worth $25,799,000 after buying an additional 133,455 shares in the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

About Pathward Financial

Pathward Financial (NASDAQ:CASH) is a U.S.-based financial services company that operates through its wholly owned subsidiary, Pathward Bank. The company provides a range of banking and payment solutions designed for consumers, small businesses, community banks and fintech partners. Core offerings include deposit accounts, consumer and commercial lending, debit and prepaid card programs, digital banking platforms and treasury management services.

Through its banking charter, Pathward Financial delivers customizable payment solutions, including prepaid cards, payroll cards and benefit disbursement programs.