Pathward Financial (NASDAQ:CASH) PT Raised to $82.00

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

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

Pathward Financial Trading Down 2.4 %

CASH stock opened at $68.46 on Thursday. The company has a market capitalization of $1.73 billion, a PE ratio of 10.28 and a beta of 0.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.73. Pathward Financial has a one year low of $44.39 and a one year high of $75.20. The company’s 50 day moving average price is $68.02 and its two-hundred day moving average price is $60.52.

Pathward Financial (NASDAQ:CASH) last issued its earnings results 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 net margin of 22.10% and a return on equity of 23.59%. The company had revenue of $167.90 million for the quarter, compared to analysts’ expectations of $167.20 million. During the same quarter last year, the company earned $1.36 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts predict that Pathward Financial will post 6.54 earnings per share for the current fiscal year.

Pathward Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Tuesday, September 10th. Pathward Financial’s payout ratio is 3.00%.

Insider Buying and Selling at Pathward Financial

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in shares of Pathward Financial by 20.4% during the second quarter. American Century Companies Inc. now owns 504,708 shares of the savings and loans company’s stock valued at $28,551,000 after buying an additional 85,566 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Pathward Financial in the 1st quarter worth approximately $17,819,000. Epoch Investment Partners Inc. raised its position in shares of Pathward Financial by 7.8% in the 1st quarter. Epoch Investment Partners Inc. now owns 269,425 shares of the savings and loans company’s stock worth $13,601,000 after acquiring an additional 19,539 shares in the last quarter. Mawer Investment Management Ltd. purchased a new position in shares of Pathward Financial in the 2nd quarter valued at approximately $12,376,000. Finally, Elgethun Capital Management boosted its position in shares of Pathward Financial by 1.9% during the second quarter. Elgethun Capital Management now owns 193,747 shares of the savings and loans company’s stock valued at $10,960,000 after purchasing an additional 3,681 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

About Pathward Financial

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.