Pathward Financial (NASDAQ:CASH) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Pathward Financial, Inc. (NASDAQ:CASH - Get Free Report) shares passed 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.

Analysts Set New Price Targets

CASH has been the subject of a number of research reports. Piper Sandler upped their target price on shares of Pathward Financial from $82.00 to $94.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods upped their price objective 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 stock has a 50 day moving average of $78.65 and a 200-day moving average of $69.97. The company has a market capitalization of $1.80 billion, a P/E ratio of 11.23 and a beta of 0.72. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.08. The business had revenue of $167.90 million during the quarter, compared to analyst estimates 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 in the prior year, the business posted $1.36 earnings per share. On average, research analysts predict that Pathward Financial, Inc. will post 7.05 EPS for the current year.

Pathward Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were paid 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 yield of 0.27%. Pathward Financial's payout ratio is presently 3.02%.

Insider Buying and Selling at Pathward Financial

In other Pathward Financial news, CFO Greg Sigrist sold 2,250 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.60, for a total transaction 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. This trade represents a 18.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On Pathward Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP increased its holdings in Pathward Financial by 419.0% in 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 during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Pathward Financial in the third quarter worth about $29,000. Point72 DIFC Ltd purchased a new stake in shares of Pathward Financial in the third quarter worth about $35,000. USA Financial Formulas bought a new position in Pathward Financial during the third quarter valued at approximately $56,000. Finally, nVerses Capital LLC purchased a new position in Pathward Financial during the 3rd quarter valued at approximately $79,000. Institutional investors own 92.66% of the company's stock.

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.