Pathward Financial, Inc. (NASDAQ:CASH) Receives $50.00 Average PT from Analysts

Posted by Defense World Staff on May 5th, 2023

Shares of Pathward Financial, Inc. (NASDAQ:CASH – Get Rating) have been given an average rating of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $50.00.

CASH has been the topic of several recent research reports. 92 Resources reaffirmed a “maintains” rating on shares of Pathward Financial in a report on Thursday, April 27th. Keefe, Bruyette & Woods reduced their price objective on shares of Pathward Financial from $49.00 to $47.00 and set a “market perform” rating on the stock in a research note on Thursday, April 6th. Piper Sandler dropped their price objective on shares of Pathward Financial from $63.00 to $59.00 in a research report on Thursday, April 6th. Finally, StockNews.com raised shares of Pathward Financial from a “sell” rating to a “hold” rating in a report on Friday.

Insider Buying and Selling

In other Pathward Financial news, Director Frederick V. Moore sold 3,350 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $46.61, for a total transaction of $156,143.50. Following the completion of the sale, the director now directly owns 4,110 shares of the company’s stock, valued at approximately $191,567.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 850 shares of company stock worth $37,057 in the last 90 days. Corporate insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Alta Fox Capital Management LLC bought a new stake in shares of Pathward Financial during the fourth quarter worth about $32,467,000. Jacobs Levy Equity Management Inc. boosted its holdings in Pathward Financial by 5,432.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 401,125 shares of the savings and loans company’s stock valued at $13,221,000 after acquiring an additional 393,875 shares during the last quarter. Nantahala Capital Management LLC boosted its holdings in Pathward Financial by 34.8% in the third quarter. Nantahala Capital Management LLC now owns 1,327,968 shares of the savings and loans company’s stock valued at $43,770,000 after acquiring an additional 342,509 shares during the last quarter. Zacks Investment Management bought a new stake in Pathward Financial in the third quarter valued at approximately $292,000. Finally, Philosophy Capital Management LLC boosted its holdings in Pathward Financial by 155.4% in the third quarter. Philosophy Capital Management LLC now owns 468,122 shares of the savings and loans company’s stock valued at $15,429,000 after acquiring an additional 284,829 shares during the last quarter. Institutional investors own 89.63% of the company’s stock.

Pathward Financial Stock Down 0.1 %

Shares of NASDAQ CASH opened at $42.86 on Tuesday. Pathward Financial has a 12-month low of $31.16 and a 12-month high of $52.71. The stock has a market cap of $1.18 billion, a PE ratio of 9.44 and a beta of 0.78. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $43.99 and a 200 day moving average of $44.36.

Pathward Financial (NASDAQ:CASH – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The savings and loans company reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The firm had revenue of $228.44 million during the quarter, compared to analysts’ expectations of $210.36 million. Pathward Financial had a net margin of 20.19% and a return on equity of 20.80%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the company posted $1.73 EPS. As a group, sell-side analysts predict that Pathward Financial will post 5.65 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Monday, March 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. Pathward Financial’s dividend payout ratio is presently 4.41%.

About Pathward Financial

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Pathward Financial, Inc operates as a financial holding company, which provides savings and loan services. The firm operates through the following business segments: Consumer, Commercial, and Corporate Services and Other. The Consumer segment provides meta payment systems (MPS), consumer credit products, warehouse finance and other tax services.