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

Pathward Financial, Inc. (NASDAQ:CASH)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $73.93 and traded as high as $78.00. Pathward Financial shares last traded at $76.59, with a volume of 146,405 shares trading hands.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler lowered their price target on Pathward Financial from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on Pathward Financial from $76.00 to $90.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Pathward Financial Stock Down 1.2 %

The firm’s 50 day moving average price is $77.38 and its two-hundred day moving average price is $73.93. The firm has a market capitalization of $1.83 billion, a PE ratio of 11.16 and a beta of 0.73. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings data on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The company had revenue of $173.51 million during the quarter, compared to analysts’ expectations of $173.27 million. During the same period in the prior year, the company posted $1.06 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts forecast that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Pathward Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new position in shares of Pathward Financial during the 3rd quarter valued at approximately $476,000. Foundry Partners LLC boosted its stake in Pathward Financial by 59.3% during the 3rd quarter. Foundry Partners LLC now owns 131,458 shares of the savings and loans company’s stock valued at $8,678,000 after acquiring an additional 48,917 shares during the last quarter. Geode Capital Management LLC boosted its stake in Pathward Financial by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 699,884 shares of the savings and loans company’s stock valued at $46,206,000 after acquiring an additional 18,936 shares during the last quarter. Meritage Portfolio Management acquired a new position in Pathward Financial during the 4th quarter worth $435,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Pathward Financial in the 4th quarter worth about $10,865,000. 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.