Sippican Capital Advisors boosted its stake in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,518 shares of the savings and loans company’s stock after acquiring an additional 581 shares during the quarter. Sippican Capital Advisors’ holdings in Meta Financial Group were worth $266,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. raised its position in Meta Financial Group by 46.9% during the first quarter. Mesirow Financial Investment Management Inc. now owns 23,109 shares of the savings and loans company’s stock valued at $455,000 after acquiring an additional 7,377 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Meta Financial Group by 195.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,530,076 shares of the savings and loans company’s stock valued at $29,668,000 after buying an additional 1,012,492 shares in the last quarter. MetLife Investment Advisors LLC increased its position in shares of Meta Financial Group by 56.5% in the third quarter. MetLife Investment Advisors LLC now owns 6,601 shares of the savings and loans company’s stock valued at $546,000 after buying an additional 2,383 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Meta Financial Group in the fourth quarter valued at approximately $1,254,000. Finally, Flinton Capital Management LLC increased its position in shares of Meta Financial Group by 314.3% in the fourth quarter. Flinton Capital Management LLC now owns 3,712 shares of the savings and loans company’s stock valued at $72,000 after buying an additional 2,816 shares in the last quarter. Institutional investors own 64.83% of the company’s stock.
Shares of Meta Financial Group stock traded up $0.17 on Wednesday, reaching $22.08. The company’s stock had a trading volume of 1,441 shares, compared to its average volume of 360,767. The stock has a market capitalization of $849.90 million, a PE ratio of 7.85 and a beta of 1.27. Meta Financial Group Inc. has a 52-week low of $17.84 and a 52-week 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 issued its quarterly earnings results on Monday, January 28th. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The firm had revenue of $98.02 million during the quarter, compared to analyst estimates of $98.55 million. Meta Financial Group had a return on equity of 11.61% and a net margin of 15.76%. On average, equities research analysts anticipate that Meta Financial Group Inc. will post 2.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, March 8th. Meta Financial Group’s dividend payout ratio is presently 7.12%.
A number of analysts have recently commented on the company. BidaskClub upgraded Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Zacks Investment Research upgraded Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.67.
In other news, Director William David Tull sold 24,000 shares of Meta Financial Group stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $21.60, for a total value of $518,400.00. Following the sale, the director now directly owns 71,025 shares of the company’s stock, valued at $1,534,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sheree Thornsberry sold 10,863 shares of Meta Financial Group stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $19.43, for a total value 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 disclosure for this sale can be found here. Insiders sold 112,741 shares of company stock worth $2,381,260 over the last ninety days. Corporate insiders own 7.69% of the company’s stock.
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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.
Further Reading: Dividend
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