Piper Sandler raised the firm’s price target on Pathward Financial (CASH) to $94 from $91 and keeps an Overweight rating on the shares. The firm notes the company reported Q1 EPS of $3.11, which greatly outpaced both its estimate and the consensus at $2.66 and $2.78, respectively. The beat largely came on net interest income, which reflected average deposits being held more so on balance sheet and greater liquidity throughout the quarter.
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