Keefe, Bruyette & Woods Increases Pathward Financial (NASDAQ:CASH) Price Target to $90.00

Pathward Financial (NASDAQ:CASH) had its target price increased by equities research analysts at Keefe, Bruyette & Woods from $76.00 to $90.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 7.73% from the stock’s current price.

Separately, Piper Sandler boosted their target price on shares of Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th.

Pathward Financial Stock Down 1.6 %

Shares of CASH opened at $83.54 on Wednesday. The company has a market capitalization of $2.01 billion, a P/E ratio of 12.60 and a beta of 0.69. Pathward Financial has a one year low of $46.68 and a one year high of $86.00. The business’s 50 day simple moving average is $75.32 and its 200-day simple moving average is $66.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.74 and a quick ratio of 0.63.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings data 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 return on equity of 21.86% and a net margin of 21.65%. The company had revenue of $167.90 million for the quarter, compared to analyst estimates of $167.20 million. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts predict that Pathward Financial will post 7.05 EPS for the current fiscal year.

Insider Activity 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 value of $181,350.00. Following the transaction, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at approximately $777,306.40. This trade represents a 18.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas J. Hajek sold 2,000 shares of the company’s stock in a transaction on 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 owns 19,531 shares of the company’s stock, valued at $1,267,757.21. The trade was a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,350 shares of company stock worth $517,010 over the last 90 days. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Pathward Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Pathward Financial in the 2nd quarter valued at approximately $25,000. Quarry LP increased its stake in Pathward Financial by 419.0% in the second quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock valued at $29,000 after purchasing an additional 419 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Pathward Financial in the third quarter worth $29,000. Gladius Capital Management LP bought a new position in shares of Pathward Financial during the second quarter worth $31,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Pathward Financial in the 3rd quarter valued at $35,000. 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.