Pathward Financial (NASDAQ:CASH) Stock Rating Upgraded by StockNews.com
Pathward Financial (NASDAQ:CASH – Get Rating) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Friday.
From the Equity Insider archive. This article dates from May 5, 2023 and is preserved as first published.
Pathward Financial (NASDAQ:CASH – Get Rating) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
Other research analysts also recently issued reports about the company. 92 Resources restated a “maintains” rating on shares of Pathward Financial in a research note on Thursday, April 27th. Keefe, Bruyette & Woods lowered their price objective on Pathward Financial from $49.00 to $47.00 and set a “market perform” rating for the company in a research note on Thursday, April 6th. Finally, Piper Sandler lowered their price objective on Pathward Financial from $63.00 to $59.00 in a research note on Thursday, April 6th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Pathward Financial currently has a consensus rating of “Moderate Buy” and an average price target of $50.00.
Pathward Financial Price Performance
Shares of NASDAQ CASH opened at $42.86 on Friday. Pathward Financial has a twelve month low of $31.16 and a twelve month high of $52.71. 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 market capitalization of $1.18 billion, a price-to-earnings ratio of 9.44 and a beta of 0.78. The business has a 50 day simple moving average of $43.99 and a 200-day simple moving average of $44.36.
Pathward Financial (NASDAQ:CASH – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The savings and loans company reported $2.18 EPS 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 the consensus estimate of $210.36 million. Pathward Financial had a return on equity of 20.80% and a net margin of 20.19%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.73 EPS. As a group, equities research analysts expect that Pathward Financial will post 5.65 earnings per share for the current year.
Pathward Financial (NASDAQ:CASH – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th.
Insiders Place Their Bets
In other news, Director Frederick V. Moore sold 3,350 shares of the company’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $46.61, for a total value of $156,143.50. Following the completion of the sale, the director now owns 4,110 shares in the company, valued at $191,567.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders acquired 850 shares of company stock worth $37,057. 1.43% of the stock is owned by company insiders.
Institutional Trading of Pathward Financial
Institutional investors have recently modified their holdings of the company. WINTON GROUP Ltd lifted its holdings in shares of Pathward Financial by 39.8% in the third quarter. WINTON GROUP Ltd now owns 11,172 shares of the savings and loans company’s stock valued at $368,000 after buying an additional 3,181 shares during the period. Teamwork Financial Advisors LLC lifted its holdings in shares of Pathward Financial by 27.4% during the fourth quarter. Teamwork Financial Advisors LLC now owns 10,282 shares of the savings and loans company’s stock valued at $443,000 after purchasing an additional 2,213 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Pathward Financial during the fourth quarter valued at $106,000. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Pathward Financial by 26.2% during the third quarter. Pacific Ridge Capital Partners LLC now owns 34,730 shares of the savings and loans company’s stock valued at $1,145,000 after purchasing an additional 7,220 shares during the last quarter. Finally, Philosophy Capital Management LLC lifted its holdings in shares of Pathward Financial by 155.4% during 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 purchasing an additional 284,829 shares during the last quarter. Institutional investors and hedge funds own 89.63% of the company’s stock.
Pathward Financial Company Profile
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.
