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

Pathward Financial (NASDAQ:CASHFree Report) had its price target raised by Piper Sandler from $75.00 to $82.00 in a report published on Thursday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the savings and loans company’s stock.

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

View Our Latest Report on Pathward Financial

Pathward Financial Price Performance

CASH stock traded down $0.44 during trading on Thursday, hitting $69.71. The company had a trading volume of 23,567 shares, compared to its average volume of 177,923. The business has a 50 day moving average of $67.94 and a 200 day moving average of $60.32. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 10.53 and a beta of 0.68. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. Pathward Financial has a fifty-two week low of $44.39 and a fifty-two week high of $75.20.

Pathward Financial (NASDAQ:CASHGet Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.08. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The company had revenue of $167.90 million during the quarter, compared to analyst estimates of $167.20 million. During the same period in the prior year, the business posted $1.36 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts predict that Pathward Financial will post 6.54 earnings per share for the current year.

Pathward Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. Pathward Financial’s dividend payout ratio (DPR) is 3.00%.

Insider Buying and Selling

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

Institutional Trading of Pathward Financial

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Pathward Financial by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock valued at $28,551,000 after acquiring an additional 85,566 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Pathward Financial in the first quarter worth $17,819,000. Epoch Investment Partners Inc. grew its holdings in shares of Pathward Financial by 7.8% during the first quarter. Epoch Investment Partners Inc. now owns 269,425 shares of the savings and loans company’s stock valued at $13,601,000 after buying an additional 19,539 shares in the last quarter. Mawer Investment Management Ltd. acquired a new position in Pathward Financial during the second quarter valued at $12,376,000. Finally, Elgethun Capital Management lifted its stake in Pathward Financial by 1.9% in the 2nd quarter. Elgethun Capital Management now owns 193,747 shares of the savings and loans company’s stock worth $10,960,000 after acquiring an additional 3,681 shares in the last quarter. 92.66% of the stock is owned by hedge funds and other institutional investors.

Pathward Financial Company Profile

(Get Free Report)

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.

Further Reading

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