Meta Financial Group, Inc. (NASDAQ:CASH) insider Brett L. Pharr sold 2,400 shares of the firm’s stock in a transaction on Wednesday, January 6th. The stock was sold at an average price of $40.01, for a total value of $96,024.00. Following the transaction, the insider now owns 24,168 shares of the company’s stock, valued at $966,961.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Meta Financial Group stock opened at $38.53 on Friday. Meta Financial Group, Inc. has a 1-year low of $13.09 and a 1-year high of $41.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.76 and a quick ratio of 0.72. The stock has a market cap of $1.29 billion, a PE ratio of 13.20 and a beta of 0.96. The stock’s fifty day moving average is $35.54 and its two-hundred day moving average is $24.84.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings data on Wednesday, October 28th. The savings and loans company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.20. Meta Financial Group had a return on equity of 10.41% and a net margin of 19.66%. The business had revenue of $105.26 million for the quarter, compared to the consensus estimate of $96.60 million. On average, research analysts expect that Meta Financial Group, Inc. will post 3.14 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, January 4th. Shareholders of record on Thursday, December 10th were paid a $0.05 dividend. The ex-dividend date was Wednesday, December 9th. This represents a $0.20 annualized dividend and a yield of 0.52%. Meta Financial Group’s dividend payout ratio is currently 8.23%.
Several large investors have recently modified their holdings of CASH. Wetherby Asset Management Inc. acquired a new position in shares of Meta Financial Group in the 3rd quarter valued at $10,259,000. Sei Investments Co. acquired a new stake in Meta Financial Group during the 3rd quarter worth $802,000. State of Tennessee Treasury Department lifted its position in Meta Financial Group by 5.8% in the third quarter. State of Tennessee Treasury Department now owns 19,356 shares of the savings and loans company’s stock valued at $372,000 after acquiring an additional 1,056 shares during the last quarter. Maltese Capital Management LLC boosted its stake in Meta Financial Group by 800.0% in the third quarter. Maltese Capital Management LLC now owns 180,000 shares of the savings and loans company’s stock valued at $3,460,000 after acquiring an additional 160,000 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Meta Financial Group by 37.9% during the third quarter. Public Sector Pension Investment Board now owns 350,227 shares of the savings and loans company’s stock worth $6,731,000 after purchasing an additional 96,268 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.
CASH has been the topic of several research reports. Zacks Investment Research lowered Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 29th. BidaskClub raised shares of Meta Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 26th. Piper Sandler raised their price target on shares of Meta Financial Group from $24.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. TheStreet raised Meta Financial Group from a “c+” rating to a “b-” rating in a research report on Friday, December 4th. Finally, ValuEngine downgraded Meta Financial Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $34.00.
Meta Financial Group Company Profile
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. It operates through three segments: Consumer, Commercial, and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, money market savings accounts, and certificate accounts; term lending, asset based lending, factoring, lease financing, insurance premium financing, warehouse financing, and healthcare receivables loans; and consumer credit products.
Featured Article: Net Margin