Piper Sandler Initiates Coverage on Pathward Financial (NASDAQ:CASH)

Stock analysts at Piper Sandler assumed coverage on shares of Pathward Financial (NASDAQ:CASH) in a report released on Thursday. The brokerage set an “overweight” rating and a $107.00 price target on the savings and loans company’s stock. Piper Sandler’s price objective points to a potential upside of 20.73% from the company’s previous close.

Several other research firms have also issued reports on CASH. Keefe, Bruyette & Woods raised Pathward Financial from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of Pathward Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Finally, Wall Street Zen downgraded shares of Pathward Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $103.50.

Pathward Financial Stock Down 0.5%

Shares of CASH stock traded down $0.44 during trading hours on Thursday, hitting $88.63. 14,995 shares of the company’s stock traded hands, compared to its average volume of 274,094. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $85.85 and its two-hundred day simple moving average is $77.64. Pathward Financial has a 12-month low of $64.45 and a 12-month high of $96.06. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 10.90 and a beta of 0.74.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings results on Thursday, January 22nd. The savings and loans company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.19. Pathward Financial had a return on equity of 22.76% and a net margin of 22.95%.The company had revenue of $173.10 million for the quarter, compared to the consensus estimate of $185.80 million. During the same quarter in the prior year, the business posted $1.29 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Pathward Financial has set its FY 2026 guidance at 8.550-9.050 EPS. On average, analysts expect that Pathward Financial will post 7.26 EPS for the current year.

Insider Buying and Selling

In other Pathward Financial news, CEO Brett L. Pharr sold 15,641 shares of the 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 directly owned 78,261 shares in the company, valued at approximately $7,347,142.68. This trade represents a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Invesco Ltd. raised its holdings in Pathward Financial by 2.9% during the fourth quarter. Invesco Ltd. now owns 215,833 shares of the savings and loans company’s stock valued at $15,324,000 after acquiring an additional 6,162 shares during the period. State of Tennessee Department of Treasury boosted its stake in Pathward Financial by 63.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,734 shares of the savings and loans company’s stock worth $691,000 after purchasing an additional 3,763 shares during the period. XTX Topco Ltd bought a new position in Pathward Financial in the 4th quarter worth approximately $440,000. Voloridge Investment Management LLC grew its holdings in Pathward Financial by 27.1% during the 4th quarter. Voloridge Investment Management LLC now owns 100,393 shares of the savings and loans company’s stock valued at $7,128,000 after buying an additional 21,388 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of Pathward Financial by 28.9% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 23,837 shares of the savings and loans company’s stock valued at $1,692,000 after buying an additional 5,344 shares during the last quarter. Institutional investors 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.