Meta Financial Group Inc. (NASDAQ:CASH) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $26.30 and last traded at $26.22, with a volume of 6898 shares. The stock had previously closed at $27.26.

CASH has been the subject of several analyst reports. Sandler O’Neill set a $40.00 target price on shares of Meta Financial Group and gave the stock a “buy” rating in a report on Monday, August 6th. B. Riley reduced their target price on shares of Meta Financial Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, June 21st. Zacks Investment Research raised shares of Meta Financial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 26th. BidaskClub lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 19th. Finally, ValuEngine lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Friday, June 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.14.

The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.08 billion, a PE ratio of 3.59 and a beta of 1.00.

Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings data on Thursday, July 26th. The savings and loans company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.22. Meta Financial Group had a net margin of 14.08% and a return on equity of 14.58%. The business had revenue of $61.64 million during the quarter, compared to analyst estimates of $66.50 million. Analysts predict that Meta Financial Group Inc. will post 6.16 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 7th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Thursday, September 6th. Meta Financial Group’s dividend payout ratio (DPR) is currently 2.84%.

Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC bought a new position in shares of Meta Financial Group during the 1st quarter valued at approximately $212,000. Stevens Capital Management LP bought a new position in shares of Meta Financial Group during the 2nd quarter valued at approximately $429,000. SG Americas Securities LLC boosted its position in shares of Meta Financial Group by 99.5% during the 2nd quarter. SG Americas Securities LLC now owns 2,639 shares of the savings and loans company’s stock valued at $257,000 after acquiring an additional 1,316 shares during the last quarter. John W. Rosenthal Capital Management Inc. boosted its position in shares of Meta Financial Group by 28.6% during the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 45,000 shares of the savings and loans company’s stock valued at $4,383,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Meta Financial Group by 3.4% during the 1st quarter. Legal & General Group Plc now owns 17,025 shares of the savings and loans company’s stock valued at $1,860,000 after acquiring an additional 562 shares during the last quarter. 61.11% of the stock is owned by institutional investors and hedge funds.

Meta Financial Group Company Profile (NASDAQ:CASH)

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services to individuals, small businesses, financial institutions, and other businesses. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts.

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