Meta Financial Group (NASDAQ:CASH) Upgraded to Hold by BidaskClub
Several other research firms also recently issued reports on CASH. Zacks Investment Research downgraded Hallmark Financial Services from a buy rating to a hold rating in a research note on Thursday. B. Riley reiterated a buy rating on shares of Skechers USA in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Meta Financial Group has a consensus rating of Buy and a consensus target price of $35.25.
CASH stock traded up $0.47 during mid-day trading on Friday, hitting $28.01. The stock had a trading volume of 159,886 shares, compared to its average volume of 193,130. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.12. Meta Financial Group has a 1-year low of $17.84 and a 1-year high of $30.92. The business’s fifty day moving average price is $27.63. The stock has a market cap of $1.10 billion, a PE ratio of 9.97 and a beta of 1.29.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 10th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.20 annualized dividend and a yield of 0.71%. Meta Financial Group’s payout ratio is 7.12%.
In related news, Director William David Tull sold 22,200 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $25.82, for a total transaction of $573,204.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Robert Kramer sold 18,592 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $26.00, for a total value of $483,392.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 308,068 shares of company stock valued at $8,314,422. 7.69% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Meta Financial Group by 205.5% in the 4th quarter. BlackRock Inc. now owns 4,121,189 shares of the savings and loans company’s stock worth $79,911,000 after acquiring an additional 2,772,050 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Meta Financial Group by 195.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,530,076 shares of the savings and loans company’s stock worth $29,668,000 after acquiring an additional 1,012,492 shares during the period. Northern Trust Corp lifted its position in shares of Meta Financial Group by 100.3% in the 4th quarter. Northern Trust Corp now owns 401,446 shares of the savings and loans company’s stock worth $7,784,000 after acquiring an additional 201,013 shares during the period. Phocas Financial Corp. lifted its position in shares of Meta Financial Group by 174.7% in the 1st quarter. Phocas Financial Corp. now owns 381,372 shares of the savings and loans company’s stock worth $7,505,000 after acquiring an additional 242,562 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Meta Financial Group by 203.1% in the 4th quarter. Bank of New York Mellon Corp now owns 341,278 shares of the savings and loans company’s stock worth $6,616,000 after acquiring an additional 228,685 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.
About Meta Financial Group
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. The company accepts various deposit products, including statement savings accounts, money market savings accounts, negotiable order of withdrawal accounts, and checking accounts; and deposits related to prepaid cards, which primarily comprise checking accounts and certificate accounts.
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