Pathward Financial (NASDAQ:CASH) Hits New 12-Month High – Time to Buy?

Shares of Pathward Financial, Inc. (NASDAQ:CASH) reached a new 52-week high during trading on Wednesday . The stock traded as high as $79.05 and last traded at $79.05, with a volume of 9330 shares. The stock had previously closed at $72.11.

Analyst Upgrades and Downgrades

Several research analysts have commented on CASH shares. Keefe, Bruyette & Woods lifted their price target on shares of Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Piper Sandler lifted their price target on shares of Pathward Financial from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th.

Pathward Financial Trading Up 10.3 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.74. The stock’s 50-day simple moving average is $68.80 and its 200-day simple moving average is $61.68. The firm has a market capitalization of $1.99 billion, a PE ratio of 10.88 and a beta of 0.67.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.08. The business had revenue of $167.90 million for the quarter, compared to the consensus estimate of $167.20 million. Pathward Financial had a net margin of 21.65% and a return on equity of 21.86%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. As a group, sell-side analysts expect that Pathward Financial, Inc. will post 7.05 EPS for the current fiscal year.

Pathward Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Tuesday, September 10th. Pathward Financial’s dividend payout ratio (DPR) is presently 3.02%.

Insider Activity

In other news, President Anthony M. Sharett sold 3,100 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $66.40, for a total transaction of $205,840.00. Following the sale, the president now owns 30,046 shares in the company, valued at approximately $1,995,054.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, President Anthony M. Sharett sold 3,100 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $66.40, for a total transaction of $205,840.00. Following the sale, the president now owns 30,046 shares in the company, valued at approximately $1,995,054.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Douglas J. Hajek sold 2,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $64.91, for a total transaction of $129,820.00. Following the sale, the director now owns 19,531 shares in the company, valued at approximately $1,267,757.21. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Pathward Financial

Hedge funds have recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in Pathward Financial in the 2nd quarter worth about $25,000. Quarry LP raised its position in Pathward Financial by 419.0% in the 2nd quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock worth $29,000 after buying an additional 419 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in Pathward Financial in the 3rd quarter worth about $29,000. Gladius Capital Management LP purchased a new position in Pathward Financial in the 2nd quarter worth about $31,000. Finally, USA Financial Formulas purchased a new position in Pathward Financial in the 3rd quarter worth about $56,000. Institutional investors own 92.66% of the company’s stock.

Pathward Financial Company Profile

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.