Pathward Financial (NASDAQ:CASH) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Pathward Financial, Inc. (NASDAQ:CASH)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $69.90 and traded as high as $75.08. Pathward Financial shares last traded at $74.48, with a volume of 182,928 shares trading hands.

Analysts Set New Price Targets

Several research firms have issued reports on CASH. Keefe, Bruyette & Woods raised their target price on Pathward Financial from $76.00 to $90.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler lifted their target price on Pathward Financial from $82.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd.

Pathward Financial Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.74 and a quick ratio of 0.63. The stock has a 50 day simple moving average of $78.51 and a two-hundred day simple moving average of $69.90. The company has a market cap of $1.80 billion, a PE ratio of 11.23 and a beta of 0.72.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.27 by $0.08. Pathward Financial had a return on equity of 21.86% and a net margin of 21.65%. The business had revenue of $167.90 million during the quarter, compared to analysts’ expectations of $167.20 million. During the same quarter in the prior year, the business earned $1.36 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that Pathward Financial, Inc. will post 7.05 EPS for the current year.

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Tuesday, December 10th. Pathward Financial’s dividend payout ratio (DPR) is 3.02%.

Insider Buying and Selling at Pathward Financial

In related news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $80.60, for a total transaction of $181,350.00. Following the transaction, the chief financial officer now directly owns 9,644 shares in the company, valued at approximately $777,306.40. This represents a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pathward Financial

Several large investors have recently added to or reduced their stakes in CASH. The Manufacturers Life Insurance Company grew its stake in shares of Pathward Financial by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 12,803 shares of the savings and loans company’s stock valued at $724,000 after buying an additional 315 shares in the last quarter. HighTower Advisors LLC grew its position in Pathward Financial by 7.0% in the 3rd quarter. HighTower Advisors LLC now owns 6,032 shares of the savings and loans company’s stock worth $397,000 after purchasing an additional 393 shares during the last quarter. Quarry LP raised its stake in Pathward Financial by 419.0% during the 2nd quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock valued at $29,000 after acquiring an additional 419 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Pathward Financial in the third quarter worth about $29,000. Finally, Point72 DIFC Ltd bought a new position in shares of Pathward Financial in the third quarter valued at approximately $35,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

About Pathward Financial

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.