According to Zacks, “Meta Financial Group, Inc. is the holding company for federally chartered savings bank MetaBank, Member FDIC. Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries: MetaBank, its retail banking division; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium finance division; and Refund Advantage, its tax refund-transfer software division. The synergies among the four provide a unique business model for the company. “
Separately, BidaskClub upgraded Meta Financial Group from a sell rating to a hold rating in a research report on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $35.67.
Meta Financial Group stock opened at $21.56 on Friday. The company has a market capitalization of $861.33 million, a PE ratio of 7.67 and a beta of 1.27. Meta Financial Group has a 12 month low of $17.84 and a 12 month high of $38.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.66 and a quick ratio of 0.66.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings data on Monday, January 28th. The savings and loans company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The business had revenue of $98.02 million during the quarter, compared to analysts’ expectations of $98.55 million. Meta Financial Group had a net margin of 15.76% and a return on equity of 11.61%. As a group, equities analysts predict that Meta Financial Group will post 2.34 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, March 8th. Meta Financial Group’s dividend payout ratio (DPR) is presently 7.12%.
In related news, EVP Sheree Thornsberry sold 10,863 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $19.43, for a total transaction of $211,068.09. Following the completion of the sale, the executive vice president now directly owns 20,090 shares in the company, valued at $390,348.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William David Tull sold 77,878 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $21.21, for a total value of $1,651,792.38. Following the sale, the director now owns 71,025 shares of the company’s stock, valued at $1,506,440.25. The disclosure for this sale can be found here. Insiders sold 112,741 shares of company stock valued at $2,381,260 over the last 90 days. Company insiders own 7.69% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Meta Financial Group by 205.5% during the fourth quarter. BlackRock Inc. now owns 4,121,189 shares of the savings and loans company’s stock worth $79,911,000 after purchasing an additional 2,772,050 shares in the last quarter. Nantahala Capital Management LLC increased its position in shares of Meta Financial Group by 230.7% during the fourth quarter. Nantahala Capital Management LLC now owns 1,784,227 shares of the savings and loans company’s stock worth $34,596,000 after purchasing an additional 1,244,711 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Meta Financial Group by 195.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,530,076 shares of the savings and loans company’s stock worth $29,668,000 after purchasing an additional 1,012,492 shares in the last quarter. Cranbrook Wealth Management LLC increased its position in shares of Meta Financial Group by 1,014.0% during the fourth quarter. Cranbrook Wealth Management LLC now owns 1,525,462 shares of the savings and loans company’s stock worth $29,579,000 after purchasing an additional 1,388,521 shares in the last quarter. Finally, Patriot Financial Partners GP LP increased its position in shares of Meta Financial Group by 200.0% during the fourth quarter. Patriot Financial Partners GP LP now owns 1,356,207 shares of the savings and loans company’s stock worth $26,297,000 after purchasing an additional 904,138 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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