Pathward Financial (NASDAQ:CASH - Free Report) had its price target lifted by Keefe, Bruyette & Woods from $86.00 to $88.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a market perform rating on the savings and loans company's stock.
Separately, Piper Sandler upped their target price on shares of Pathward Financial from $91.00 to $94.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd.
View Our Latest Stock Analysis on CASH
Pathward Financial Price Performance
Shares of CASH stock traded up $0.83 during trading hours on Friday, hitting $83.62. The company's stock had a trading volume of 184,717 shares, compared to its average volume of 198,524. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $79.01 and a 200-day moving average of $76.60. Pathward Financial has a twelve month low of $59.58 and a twelve month high of $86.00. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 11.28 and a beta of 0.62.
Pathward Financial (NASDAQ:CASH - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.40. Pathward Financial had a return on equity of 22.50% and a net margin of 22.69%. The company had revenue of $262.90 million during the quarter, compared to the consensus estimate of $256.30 million. During the same quarter last year, the business posted $2.56 earnings per share. As a group, equities research analysts anticipate that Pathward Financial will post 7.26 EPS for the current year.
Pathward Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, June 13th. Pathward Financial's dividend payout ratio is currently 2.70%.
Insiders Place Their Bets
In other Pathward Financial news, CAO Jennifer W. Warren sold 1,667 shares of Pathward Financial stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $77.97, for a total value of $129,975.99. Following the completion of the sale, the chief accounting officer owned 5,019 shares in the company, valued at $391,331.43. The trade was a 24.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas J. Hajek sold 1,850 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $79.26, for a total transaction of $146,631.00. Following the completion of the sale, the director directly owned 19,631 shares in the company, valued at $1,555,953.06. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,882 shares of company stock valued at $1,403,123. 1.23% of the stock is owned by company insiders.
Institutional Trading of Pathward Financial
Institutional investors and hedge funds have recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new stake in Pathward Financial during the fourth quarter valued at about $267,437,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Pathward Financial by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,455 shares of the savings and loans company's stock valued at $24,388,000 after purchasing an additional 3,042 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Pathward Financial by 77.0% during the 4th quarter. Victory Capital Management Inc. now owns 41,728 shares of the savings and loans company's stock worth $3,070,000 after purchasing an additional 18,156 shares during the period. Raymond James Financial Inc. acquired a new stake in Pathward Financial during the 4th quarter worth approximately $279,000. Finally, Amundi increased its position in Pathward Financial by 186.7% during the 4th quarter. Amundi now owns 12,607 shares of the savings and loans company's stock worth $939,000 after purchasing an additional 8,210 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors and hedge funds.
About Pathward Financial
(
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.
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