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

Key Points

• Pathward Financial shares rose above their 50-day moving average, reaching $77.50 and closing near $77.43, up 2.8%. However, the stock remained below its 200-day moving average of $84.95.
• Analysts maintained a generally positive outlook, with three Buy ratings, a consensus “Buy” rating, and an average price target of $101.00, despite recent target-price reductions.
• The company exceeded quarterly expectations, reporting $1.85 in EPS versus the $1.58 consensus and revenue of $183.12 million versus $179.10 million. Pathward also paid a quarterly dividend of $0.05 per share.

Shares of Pathward Financial, Inc. (NASDAQ:CASH - Get Free Report) 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 trading hands.

Wall Street Analyst Weigh In

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

Pathward Financial Trading Up 2.8%

The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.61 billion, a P/E ratio of 9.51 and a beta of 0.66. The firm's 50 day simple moving average is $76.39 and its two-hundred day simple moving average is $84.95.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The savings and loans company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.27. The firm had revenue of $183.12 million during the quarter, compared to analysts' expectations of $179.10 million. Pathward Financial had a return on equity of 20.82% and a net margin of 21.11%. As a group, analysts forecast that Pathward Financial, Inc. will post 9.70 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. Pathward Financial's dividend payout ratio is 2.46%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. USA Financial Formulas bought a new position in shares of Pathward Financial in the third quarter valued at approximately $39,000. Sterling Capital Management LLC increased its position in shares of Pathward Financial by 257.6% during the third quarter. Sterling Capital Management LLC now owns 633 shares of the savings and loans company's stock valued at $45,000 after acquiring an additional 456 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Pathward Financial by 225.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 853 shares of the savings and loans company's stock worth $61,000 after acquiring an additional 591 shares during the period. Transamerica Financial Advisors LLC bought a new stake in Pathward Financial during the second quarter worth $95,000. Finally, Security National Bank of Sioux City Iowa IA purchased a new position in Pathward Financial in the second quarter worth $122,000. Hedge funds and other institutional investors own 92.66% of the company's stock.

About Pathward Financial

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.

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