Meta Financial Group, Inc. (CASH) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Meta Financial Group, Inc. (NASDAQ:CASH) have been assigned a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $92.67.
Several research analysts recently weighed in on CASH shares. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $121.00 price target on shares of Meta Financial Group in a research report on Thursday, July 27th. FBR & Co lowered Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a research report on Friday, July 28th. Zacks Investment Research lowered Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, ValuEngine lowered Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th.
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Shares of Meta Financial Group (NASDAQ CASH) opened at 88.90 on Wednesday. Meta Financial Group has a 12 month low of $60.70 and a 12 month high of $106.90. The firm’s 50-day moving average price is $78.91 and its 200-day moving average price is $81.81. The company has a market capitalization of $831.13 million, a price-to-earnings ratio of 16.39 and a beta of 0.88.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.52 annualized dividend and a dividend yield of 0.60%. Meta Financial Group’s dividend payout ratio is currently 10.86%.
In other news, Chairman J Tyler Haahr sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $73.07, for a total transaction of $365,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick V. Moore purchased 1,393 shares of the stock in a transaction dated Wednesday, September 20th. The shares were purchased at an average price of $71.70 per share, with a total value of $99,878.10. Following the completion of the transaction, the director now owns 100 shares of the company’s stock, valued at $7,170. The disclosure for this purchase can be found here. Company insiders own 6.06% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CASH. Northpointe Capital LLC purchased a new position in shares of Meta Financial Group during the second quarter worth $6,380,000. Vanguard Group Inc. boosted its position in shares of Meta Financial Group by 15.1% during the first quarter. Vanguard Group Inc. now owns 363,531 shares of the savings and loans company’s stock worth $32,172,000 after buying an additional 47,765 shares during the period. Foundry Partners LLC boosted its position in shares of Meta Financial Group by 107.3% during the third quarter. Foundry Partners LLC now owns 90,195 shares of the savings and loans company’s stock worth $7,071,000 after buying an additional 46,678 shares during the period. Boston Advisors LLC purchased a new position in shares of Meta Financial Group during the second quarter worth $2,662,000. Finally, William Blair Investment Management LLC boosted its holdings in Meta Financial Group by 42.2% in the second quarter. William Blair Investment Management LLC now owns 96,422 shares of the savings and loans company’s stock valued at $8,582,000 after purchasing an additional 28,601 shares during the period. Institutional investors and hedge funds own 73.91% of the company’s stock.
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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