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

Pathward Financial, Inc. (NASDAQ:CASH) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Piper Sandler increased their price target on shares of Pathward Financial from $82.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods raised their price target 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.

Pathward Financial Trading Up 0.0 %

The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.80 billion, a PE ratio of 11.23 and a beta of 0.72. The stock’s fifty day simple moving average is $78.51 and its 200 day simple moving average is $69.90.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.27 by $0.08. The firm had revenue of $167.90 million for the quarter, compared to the consensus estimate of $167.20 million. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.36 EPS. On average, sell-side analysts predict that Pathward Financial, Inc. will post 7.05 earnings per share for the current year.

Pathward Financial Announces Dividend

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

Insider Transactions at Pathward Financial

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.60, for a total value of $181,350.00. Following the completion of the sale, the chief financial officer now directly owns 9,644 shares of the company’s stock, valued at $777,306.40. The trade was a 18.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Pathward Financial

Hedge funds have recently modified their holdings of the business. Quarry LP lifted its position in Pathward Financial by 419.0% during the second 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 during the last quarter. Financial Management Professionals Inc. acquired a new stake in Pathward Financial during the third quarter valued at $29,000. Point72 DIFC Ltd acquired a new stake in Pathward Financial during the third quarter valued at $35,000. USA Financial Formulas purchased a new position in Pathward Financial during the third quarter valued at $56,000. Finally, nVerses Capital LLC purchased a new position in Pathward Financial during the third quarter valued at $79,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Pathward Financial Company Profile

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.