Pathward Financial price target raised to $94 from $82 at Piper Sandler

Piper Sandler analyst Frank Schiraldi raised the firm’s price target on Pathward Financial to $94 from $82 and keeps an Overweight rating on the shares. The firm continues to see Pathward Financial (CASH) and The Bancorp (TBBK) as very attractive over the long term, given business models that generate better profitability and a better growth trajectory than traditional banks, while still largely trading in-line with the group. BaaS pipelines for both should remain strong especially as regulatory pressures force smaller peers out of the business, Piper adds.