Pathward Financial (NASDAQ:CASH) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Pathward Financial, Inc. (NASDAQ:CASH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Ratings Changes

Several brokerages recently issued reports on CASH. Keefe, Bruyette & Woods raised their target price on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Piper Sandler cut their price objective on shares of Pathward Financial from $94.00 to $91.00 and set an "overweight" rating for the company in a report on Wednesday, January 22nd.

Pathward Financial Stock Up 0.5 %

The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $77.25 and a 200-day simple moving average of $74.16. The company has a market cap of $1.86 billion, a PE ratio of 11.33 and a beta of 0.73.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.05. The firm had revenue of $173.51 million for the quarter, compared to analysts' expectations of $173.27 million. Pathward Financial had a net margin of 21.91% and a return on equity of 22.02%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 EPS. Equities research analysts anticipate that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. Pathward Financial's dividend payout ratio is currently 2.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Pathward Financial during the fourth quarter valued at approximately $3,734,999,000. Revolve Wealth Partners LLC purchased a new stake in shares of Pathward Financial during the fourth quarter worth approximately $267,437,000. Putney Financial Group LLC acquired a new position in Pathward Financial in the 4th quarter valued at $32,223,000. JPMorgan Chase & Co. lifted its holdings in Pathward Financial by 52.2% in the 4th quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company's stock valued at $41,885,000 after purchasing an additional 195,331 shares in the last quarter. Finally, FMR LLC boosted its stake in Pathward Financial by 7.4% during the fourth quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company's stock worth $162,141,000 after buying an additional 151,316 shares during the last quarter. 92.66% of the stock is 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.