Meta Financial Group, Inc. (CASH) Director Frederick V. Moore Buys 1,393 Shares of Stock
Meta Financial Group, Inc. (NASDAQ:CASH) Director Frederick V. Moore bought 1,393 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was purchased at an average price of $71.70 per share, for a total transaction of $99,878.10. Following the purchase, the director now directly owns 100 shares in the company, valued at approximately $7,170. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Meta Financial Group, Inc. (NASDAQ:CASH) traded up 1.71% during midday trading on Friday, reaching $74.45. The company’s stock had a trading volume of 46,295 shares. Meta Financial Group, Inc. has a 52-week low of $59.52 and a 52-week high of $106.90. The firm has a market cap of $696.03 million, a P/E ratio of 13.73 and a beta of 0.88. The firm has a 50 day moving average of $71.08 and a 200 day moving average of $83.36.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.52 dividend on an annualized basis and a yield of 0.71%. Meta Financial Group’s dividend payout ratio (DPR) is presently 9.81%.
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A number of institutional investors have recently made changes to their positions in CASH. Second Curve Capital LLC grew its stake in Meta Financial Group by 49.2% in the first quarter. Second Curve Capital LLC now owns 424,732 shares of the savings and loans company’s stock valued at $37,589,000 after acquiring an additional 140,000 shares during the period. Thrivent Financial For Lutherans grew its stake in Meta Financial Group by 72.8% in the first quarter. Thrivent Financial For Lutherans now owns 238,690 shares of the savings and loans company’s stock valued at $21,124,000 after acquiring an additional 100,580 shares during the period. Northpointe Capital LLC acquired a new stake in Meta Financial Group in the second quarter valued at approximately $6,380,000. Elk Creek Partners LLC acquired a new stake in Meta Financial Group in the first quarter valued at approximately $5,743,000. Finally, Vanguard Group Inc. grew its stake in Meta Financial Group by 15.1% in the first quarter. Vanguard Group Inc. now owns 363,531 shares of the savings and loans company’s stock valued at $32,172,000 after acquiring an additional 47,765 shares during the period. 74.23% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on CASH shares. FBR & Co cut Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research note on Friday, July 28th. Zacks Investment Research upgraded Meta Financial Group from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $121.00 target price on shares of Meta Financial Group in a research note on Thursday, July 27th. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, ValuEngine cut Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Meta Financial Group currently has an average rating of “Hold” and an average price target of $104.33.
Meta Financial Group Company Profile
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.
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