Delta Investment Management LLC purchased a new stake in Meta Financial Group Inc. (NASDAQ:CASH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,395,959 shares of the savings and loans company’s stock, valued at approximately $6,395,000. Meta Financial Group comprises approximately 3.3% of Delta Investment Management LLC’s holdings, making the stock its 6th largest position. Delta Investment Management LLC owned about 16.88% of Meta Financial Group as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisors LLC grew its position in shares of Meta Financial Group by 12.0% in the 2nd quarter. Private Advisors LLC now owns 69,123 shares of the savings and loans company’s stock valued at $1,939,000 after buying an additional 7,405 shares during the last quarter. Second Curve Capital LLC grew its position in shares of Meta Financial Group by 3.7% in the 2nd quarter. Second Curve Capital LLC now owns 591,809 shares of the savings and loans company’s stock valued at $16,600,000 after buying an additional 20,878 shares during the last quarter. BlackRock Inc. grew its position in shares of Meta Financial Group by 10.7% in the 2nd quarter. BlackRock Inc. now owns 4,634,360 shares of the savings and loans company’s stock valued at $129,993,000 after buying an additional 448,762 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its position in shares of Meta Financial Group by 12.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 25,899 shares of the savings and loans company’s stock valued at $710,000 after buying an additional 2,790 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Meta Financial Group by 25.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,875 shares of the savings and loans company’s stock valued at $1,483,000 after buying an additional 10,650 shares during the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.

Shares of Meta Financial Group stock opened at $32.31 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.77 and a quick ratio of 0.74. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 12.15 and a beta of 1.25. The stock’s 50-day moving average is $33.26 and its 200 day moving average is $29.53. Meta Financial Group Inc. has a one year low of $17.84 and a one year high of $36.06.

Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The company had revenue of $101.60 million during the quarter, compared to the consensus estimate of $103.94 million. Meta Financial Group had a return on equity of 12.70% and a net margin of 17.69%. On average, sell-side analysts expect that Meta Financial Group Inc. will post 3.4 EPS for the current fiscal year.

A number of equities research analysts have commented on CASH shares. Keefe, Bruyette & Woods set a $39.00 price target on Meta Financial Group and gave the company a “buy” rating in a research report on Friday, September 13th. BidaskClub lowered Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. B. Riley upped their price target on Meta Financial Group from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Zacks Investment Research lowered Meta Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, Raymond James upped their price target on Meta Financial Group from $38.00 to $41.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. Meta Financial Group has a consensus rating of “Buy” and an average price target of $40.00.

In related news, insider Michael K. Goik sold 13,872 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $32.30, for a total transaction of $448,065.60. Following the completion of the sale, the insider now directly owns 171,535 shares of the company’s stock, valued at $5,540,580.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.69% 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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Institutional Ownership by Quarter for Meta Financial Group (NASDAQ:CASH)

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