Pathward Financial price target raised to $82 from $75 at Piper Sandler

Piper Sandler raised the firm’s price target on Pathward Financial (CASH) to $82 from $75 and keeps an Overweight rating on the shares. The firm notes Pathward Financial reported Q3 EPS of $1.35, better than its expectation of $1.29 and consensus of $1.26. The result drove the bank to slightly outpace full fiscal year guide of $6.40-$6.60, posting GAAP EPS of $6.62. The result represented a revenue beat of 12c primarily driven by net interest income and stronger asset balances, Piper adds.