Pathward Financial (NASDAQ:CASH) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Pathward Financial (NASDAQ:CASH) had its target price lifted by Keefe, Bruyette & Woods from $76.00 to $90.00 in a research note released on Wednesday,Benzinga reports. They currently have a market perform rating on the savings and loans company’s stock.

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

Pathward Financial Trading Up 2.3 %

Shares of CASH stock opened at $84.86 on Wednesday. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 12.80 and a beta of 0.69. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. Pathward Financial has a fifty-two week low of $46.68 and a fifty-two week high of $86.00. The firm’s 50 day moving average price is $74.94 and its two-hundred day moving average price is $65.88.

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

Pathward Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Pathward Financial’s dividend payout ratio is currently 3.02%.

Insider Activity

In related news, CFO Greg Sigrist sold 2,250 shares of Pathward Financial stock in a transaction 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 completion of the sale, the chief financial officer now owns 9,644 shares in the company, valued at approximately $777,306.40. The trade was a 18.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $205,840.00. Following the completion of the sale, the president now owns 30,046 shares of the company’s stock, valued at approximately $1,995,054.40. This trade represents a 9.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,350 shares of company stock worth $517,010 over the last 90 days. Company insiders own 0.72% of the company’s stock.

Institutional Trading of Pathward Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in CASH. Price T Rowe Associates Inc. MD increased its stake in shares of Pathward Financial by 11.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,180 shares of the savings and loans company’s stock worth $464,000 after buying an additional 963 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Pathward Financial by 5.7% in the second quarter. Harbor Capital Advisors Inc. now owns 7,419 shares of the savings and loans company’s stock worth $420,000 after buying an additional 397 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Pathward Financial in the second quarter worth $25,000. SG Americas Securities LLC boosted its holdings in Pathward Financial by 134.1% in the second quarter. SG Americas Securities LLC now owns 7,551 shares of the savings and loans company’s stock worth $427,000 after purchasing an additional 4,326 shares during the period. Finally, Diversified Trust Co boosted its holdings in Pathward Financial by 5.0% in the second quarter. Diversified Trust Co now owns 8,167 shares of the savings and loans company’s stock worth $462,000 after purchasing an additional 390 shares during the period. 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.