Keefe, Bruyette & Woods Boosts Pathward Financial (NASDAQ:CASH) Price Target to $108.00

Pathward Financial (NASDAQ:CASH) had its price target hoisted by Keefe, Bruyette & Woods from $100.00 to $108.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 22.67% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Piper Sandler initiated coverage on shares of Pathward Financial in a research report on Thursday, March 12th. They issued an “overweight” rating and a $107.00 price target on the stock. Wall Street Zen lowered shares of Pathward Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings upgraded shares of Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $107.50.

Pathward Financial Price Performance

NASDAQ CASH opened at $88.04 on Thursday. Pathward Financial has a 12 month low of $65.87 and a 12 month high of $101.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.79. The firm has a market capitalization of $1.92 billion, a PE ratio of 10.46 and a beta of 0.74. The company’s 50 day simple moving average is $92.26 and its 200 day simple moving average is $81.14.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $3.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.35. The firm had revenue of $276.30 million for the quarter, compared to analyst estimates of $272.04 million. Pathward Financial had a net margin of 22.42% and a return on equity of 22.35%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.11 earnings per share. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. As a group, equities research analysts forecast that Pathward Financial will post 8.75 EPS for the current fiscal year.

Insider Transactions at Pathward Financial

In other Pathward Financial news, CEO Brett L. Pharr sold 15,641 shares of Pathward Financial stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $93.88, for a total value of $1,468,377.08. Following the transaction, the chief executive officer owned 78,261 shares in the company, valued at approximately $7,347,142.68. The trade was a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Pathward Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA boosted its stake in Pathward Financial by 3.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,528 shares of the savings and loans company’s stock worth $315,000 after purchasing an additional 134 shares during the period. Louisiana State Employees Retirement System acquired a new position in Pathward Financial in the 1st quarter worth approximately $866,000. OP Asset Management Ltd acquired a new position in Pathward Financial in the 1st quarter worth approximately $463,000. Sheets Smith Wealth Management boosted its stake in Pathward Financial by 52.2% in the 1st quarter. Sheets Smith Wealth Management now owns 8,019 shares of the savings and loans company’s stock worth $716,000 after purchasing an additional 2,752 shares during the period. Finally, Diversified Trust Co boosted its stake in Pathward Financial by 11.9% in the 1st quarter. Diversified Trust Co now owns 11,459 shares of the savings and loans company’s stock worth $1,022,000 after purchasing an additional 1,220 shares during the period. Institutional investors and hedge funds 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.