Pathward Financial (NASDAQ:CASH) Stock Crosses Above 50-Day Moving Average – What’s Next?

Pathward Financial, Inc. (NASDAQ:CASH) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $76.39 and traded as high as $77.50. Pathward Financial shares last traded at $77.43, with a volume of 168,739 shares.

Wall Street Analysts Forecast Growth

CASH has been the topic of several research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Pathward Financial from $108.00 to $97.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $105.00 target price (down from $107.00) on shares of Pathward Financial in a research report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Pathward Financial presently has a consensus rating of “Buy” and a consensus target price of $101.00.

Pathward Financial Stock Performance

The firm has a market capitalization of $1.61 billion, a PE ratio of 9.51 and a beta of 0.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.83 and a quick ratio of 0.81. The company’s fifty day simple moving average is $76.39 and its 200 day simple moving average is $84.95.

Pathward Financial (NASDAQ:CASH) last issued its earnings results on Wednesday, October 21st. The savings and loans company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.27. The firm had revenue of $183.12 million during the quarter, compared to analyst estimates of $179.10 million. Pathward Financial had a net margin of 21.11% and a return on equity of 20.82%. As a group, equities research analysts expect that Pathward Financial, Inc. will post 9.70 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 10th. Pathward Financial’s dividend payout ratio is presently 2.46%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CASH. BlackRock Inc. bought a new stake in Pathward Financial during the 2nd quarter valued at $270,275,000. Neumeier Poma Investment Counsel LLC purchased a new stake in shares of Pathward Financial during the second quarter worth $30,633,802. Bank of America Corp DE bought a new position in shares of Pathward Financial in the second quarter worth $24,342,000. Bank of New York Mellon Corp bought a new position in shares of Pathward Financial in the second quarter worth $13,918,000. Finally, Deutsche Bank AG bought a new position in shares of Pathward Financial in the second quarter worth $12,895,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

Pathward Financial Company Profile

Pathward Financial, Inc is a financial services holding company that operates primarily through its subsidiary, Pathward, National Association. Based in Sioux Falls, South Dakota, the company provides banking and financial services to consumers and businesses across the United States.

Pathward’s businesses include consumer banking, commercial finance, payments and tax-related financial solutions. Its offerings include prepaid and debit card programs, account and payment services, tax refund and tax-related products, and financing solutions for businesses.