Meta Financial Group Inc. (NASDAQ:CASH) has received a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $35.67.
Separately, BidaskClub raised Meta Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, January 25th.
Shares of NASDAQ:CASH traded up $0.16 during trading on Friday, hitting $19.82. The stock had a trading volume of 5,760 shares, compared to its average volume of 462,653. Meta Financial Group has a 12 month low of $18.01 and a 12 month high of $38.87. The firm has a market capitalization of $803.77 million, a P/E ratio of 7.03 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 0.66.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, March 8th. This represents a $0.20 dividend on an annualized basis and a yield of 1.01%. Meta Financial Group’s dividend payout ratio is currently 7.12%.
In other news, Director William David Tull sold 24,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $21.60, for a total transaction of $518,400.00. Following the sale, the director now directly owns 71,025 shares of the company’s stock, valued at approximately $1,534,140. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Sheree Thornsberry sold 10,863 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $19.43, for a total transaction of $211,068.09. Following the sale, the executive vice president now directly owns 20,090 shares in the company, valued at $390,348.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,741 shares of company stock worth $2,381,260. Insiders own 7.69% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Sippican Capital Advisors boosted its position in Meta Financial Group by 4.4% in the 4th quarter. Sippican Capital Advisors now owns 12,937 shares of the savings and loans company’s stock valued at $251,000 after buying an additional 547 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Meta Financial Group by 200.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,139 shares of the savings and loans company’s stock worth $41,000 after acquiring an additional 1,426 shares during the period. Legal & General Group Plc boosted its holdings in Meta Financial Group by 8.5% during the third quarter. Legal & General Group Plc now owns 19,605 shares of the savings and loans company’s stock worth $1,620,000 after buying an additional 1,537 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in Meta Financial Group by 56.5% during the third quarter. MetLife Investment Advisors LLC now owns 6,601 shares of the savings and loans company’s stock worth $546,000 after buying an additional 2,383 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Meta Financial Group by 3.2% in the third quarter. Baird Financial Group Inc. now owns 90,604 shares of the savings and loans company’s stock valued at $7,379,000 after purchasing an additional 2,773 shares in the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.
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. 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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