BidaskClub downgraded shares of Meta Financial Group (NASDAQ:CASH) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday morning.

Separately, Zacks Investment Research downgraded shares of Meta Financial Group from a hold rating to a sell rating in a research report on Tuesday, November 13th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Meta Financial Group currently has an average rating of Hold and an average price target of $36.75.

NASDAQ CASH opened at $20.52 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $761.99 million, a P/E ratio of 7.30 and a beta of 1.30. Meta Financial Group has a 12 month low of $18.01 and a 12 month high of $39.20.

Meta Financial Group (NASDAQ:CASH) last posted its earnings results 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 company 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%. On average, research analysts forecast that Meta Financial Group will post 2.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, March 8th. Meta Financial Group’s dividend payout ratio is currently 7.12%.

In related news, Director William David Tull sold 24,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $21.60, for a total transaction of $518,400.00. Following the completion of the sale, the director now owns 71,025 shares in the company, valued at approximately $1,534,140. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sheree Thornsberry sold 10,863 shares of the stock in a transaction 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 sale, the executive vice president now owns 20,090 shares of the company’s stock, valued at approximately $390,348.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,741 shares of company stock valued at $2,381,260. 7.69% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of CASH. BlackRock Inc. boosted its stake in Meta Financial Group by 205.5% during the 4th 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 during the period. Cranbrook Wealth Management LLC boosted its stake in Meta Financial Group by 1,014.0% during the 4th 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 during the period. Nantahala Capital Management LLC boosted its stake in Meta Financial Group by 230.7% during the 4th 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 during the period. Dimensional Fund Advisors LP boosted its stake in Meta Financial Group by 195.6% during the 4th 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 during the period. Finally, Patriot Financial Partners GP LP boosted its stake in Meta Financial Group by 200.0% during the 4th 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 during the period. Hedge funds and other institutional investors own 64.97% 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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