Pathward Financial (NASDAQ:CASH) Sets New 52-Week High – Time to Buy?

Pathward Financial, Inc. (NASDAQ:CASH)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $74.77 and last traded at $74.44, with a volume of 35711 shares. The stock had previously closed at $73.74.

Analyst Ratings Changes

CASH has been the subject of several recent analyst reports. Piper Sandler increased their price objective on Pathward Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price objective 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.

Pathward Financial Trading Up 0.3 %

The business has a 50 day moving average of $66.12 and a two-hundred day moving average of $59.15. The firm has a market cap of $1.87 billion, a P/E ratio of 11.17 and a beta of 0.68. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH) last issued its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.11. The company had revenue of $176.73 million for the quarter, compared to analyst estimates of $176.63 million. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 earnings per share. Analysts predict that Pathward Financial, Inc. will post 6.54 earnings per share for the current year.

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%. Pathward Financial’s dividend payout ratio (DPR) is currently 3.00%.

Insider Buying and Selling

In other Pathward Financial news, Director Douglas J. Hajek sold 2,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $64.91, for a total transaction of $129,820.00. Following the transaction, the director now owns 19,531 shares in the company, valued at $1,267,757.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of the stock in a transaction that occurred 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 transaction, the president now owns 30,046 shares in the company, valued at $1,995,054.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas J. Hajek sold 2,000 shares of Pathward Financial stock in a transaction that occurred 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 completion of the sale, the director now owns 19,531 shares of the company’s stock, valued at approximately $1,267,757.21. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pathward Financial

A number of large investors have recently added to or reduced their stakes in CASH. Opal Wealth Advisors LLC bought a new stake in shares of Pathward Financial during the 2nd quarter valued at $25,000. Quarry LP lifted its position in Pathward Financial by 419.0% during the second quarter. Quarry LP now owns 519 shares of the savings and loans company’s stock worth $29,000 after purchasing an additional 419 shares during the period. Gladius Capital Management LP acquired a new stake in Pathward Financial during the second quarter worth about $31,000. USA Financial Formulas bought a new position in Pathward Financial in the 3rd quarter valued at about $56,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Pathward Financial in the 1st quarter valued at approximately $59,000. Institutional investors and hedge funds 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.