Pathward Financial's (CASH) Buy (B) Rating Reaffirmed at Weiss Ratings

Key Points

• Pathward Financial (CASH) received a reaffirmed "buy (B)" rating from Weiss Ratings, indicating a positive outlook for the stock.
• Keefe, Bruyette & Woods increased their price target for Pathward Financial from $86.00 to $88.00, while the stock has a consensus price target of $91.00.
• In its latest earnings report, Pathward Financial surpassed EPS estimates by $0.24, with a reported net margin of 22.23% and revenue growth of 10.8% compared to the previous year.

Pathward Financial (NASDAQ:CASH - Get Free Report)'s stock had its "buy (b)" rating restated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Keefe, Bruyette & Woods raised their price objective on shares of Pathward Financial from $86.00 to $88.00 and gave the company a "market perform" rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Pathward Financial has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

Pathward Financial Trading Down 0.1%

Pathward Financial stock traded down $0.09 during trading hours on Wednesday, reaching $74.43. The stock had a trading volume of 166,173 shares, compared to its average volume of 193,749. The company has a fifty day simple moving average of $75.98 and a 200-day simple moving average of $76.84. Pathward Financial has a 52 week low of $64.45 and a 52 week high of $86.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.77. The stock has a market cap of $1.69 billion, a PE ratio of 9.85 and a beta of 0.62.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its earnings results on Monday, July 28th. The savings and loans company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.57 by $0.24. Pathward Financial had a net margin of 22.23% and a return on equity of 22.53%. The firm had revenue of $195.80 million during the quarter, compared to analysts' expectations of $184.80 million. During the same period last year, the company posted $1.66 EPS. The company's quarterly revenue was up 10.8% compared to the same quarter last year. Analysts forecast that Pathward Financial will post 7.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Pathward Financial

Several large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in shares of Pathward Financial by 647.8% in the second quarter. Bessemer Group Inc. now owns 344 shares of the savings and loans company's stock worth $27,000 after buying an additional 298 shares in the last quarter. Hughes Financial Services LLC purchased a new position in shares of Pathward Financial in the second quarter worth $30,000. Maseco LLP purchased a new position in shares of Pathward Financial in the second quarter worth $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Pathward Financial by 43,200.0% in the second quarter. EverSource Wealth Advisors LLC now owns 433 shares of the savings and loans company's stock worth $34,000 after buying an additional 432 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Pathward Financial in the first quarter worth $35,000. Hedge funds and other institutional investors own 92.66% of the company's stock.

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.

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