Pathward Financial (NASDAQ:CASH) Shares Cross Below 50-Day Moving Average – Time to Sell?

Pathward Financial, Inc. (NASDAQ:CASH)’s stock price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $75.74 and traded as low as $74.34. Pathward Financial shares last traded at $75.12, with a volume of 164,126 shares.

Analyst Ratings Changes

Several research analysts have issued reports on CASH shares. Keefe, Bruyette & Woods dropped their target price on shares of Pathward Financial from $108.00 to $97.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Pathward Financial in a report on Tuesday, November 3rd. Finally, Piper Sandler restated an “overweight” rating and issued a $105.00 price target (down from $107.00) on shares of Pathward Financial in a report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Pathward Financial has an average rating of “Buy” and a consensus price target of $101.00.

Pathward Financial Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.83. The stock has a market cap of $1.56 billion, a P/E ratio of 9.23 and a beta of 0.64. The firm’s 50 day moving average is $75.74 and its 200 day moving average is $84.96.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, October 21st. The savings and loans company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.27. The company had revenue of $183.12 million for the quarter, compared to analyst estimates of $179.10 million. Pathward Financial had a return on equity of 20.82% and a net margin of 21.11%. Analysts anticipate that Pathward Financial, Inc. will post 9.70 EPS for the current year.

Pathward Financial Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. lifted its stake in Pathward Financial by 101.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 19,228 shares of the savings and loans company’s stock valued at $1,368,000 after buying an additional 9,685 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Pathward Financial by 75.1% in the 3rd quarter. Voya Investment Management LLC now owns 18,705 shares of the savings and loans company’s stock worth $1,331,000 after buying an additional 8,025 shares during the last quarter. HighTower Advisors LLC increased its stake in Pathward Financial by 12.6% during the 3rd quarter. HighTower Advisors LLC now owns 5,102 shares of the savings and loans company’s stock worth $363,000 after buying an additional 572 shares in the last quarter. First Trust Capital Management L.P. purchased a new stake in Pathward Financial during the 3rd quarter worth approximately $6,146,000. Finally, Fifth Third Bancorp increased its stake in Pathward Financial by 8.4% during the 3rd quarter. Fifth Third Bancorp now owns 10,787 shares of the savings and loans company’s stock worth $767,000 after buying an additional 838 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Pathward Financial Company Profile

Pathward Financial, Inc. is a financial services holding company whose principal subsidiary is Pathward, National Association. Formerly known as Meta Financial Group, the company adopted the Pathward name in 2022; its bank subsidiary was also renamed as part of the rebranding. Pathward provides banking, payments and specialty finance services to consumers and businesses across the United States. Its offerings include deposit accounts, prepaid and payment solutions, and services that support tax refund disbursements.