Comerica Bank decreased its position in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,977 shares of the savings and loans company’s stock after selling 1,386 shares during the quarter. Comerica Bank owned approximately 0.07% of Meta Financial Group worth $694,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in Meta Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 896 shares of the savings and loans company’s stock valued at $25,000 after purchasing an additional 649 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Meta Financial Group by 3.8% in the first quarter. Texas Permanent School Fund now owns 18,736 shares of the savings and loans company’s stock worth $369,000 after purchasing an additional 685 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Meta Financial Group by 99.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,862 shares of the savings and loans company’s stock worth $80,000 after purchasing an additional 1,427 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in shares of Meta Financial Group by 12.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 25,899 shares of the savings and loans company’s stock worth $710,000 after purchasing an additional 2,790 shares during the last quarter. Finally, Globeflex Capital L P raised its stake in shares of Meta Financial Group by 18.0% in the first quarter. Globeflex Capital L P now owns 19,831 shares of the savings and loans company’s stock worth $390,000 after purchasing an additional 3,031 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the company. B. Riley set a $38.00 price objective on Meta Financial Group and gave the stock a “buy” rating in a research note on Friday, August 23rd. BidaskClub raised Meta Financial Group from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, Zacks Investment Research raised Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $37.00.
In related news, Director William David Tull sold 22,200 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.10, for a total value of $601,620.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 121,224 shares of company stock worth $3,315,955 in the last quarter. Company insiders own 7.69% of the company’s stock.
Shares of NASDAQ:CASH traded up $0.28 during trading on Friday, reaching $33.97. The stock had a trading volume of 16,637 shares, compared to its average volume of 207,995. Meta Financial Group Inc. has a 1-year low of $17.84 and a 1-year high of $34.35. The stock has a market cap of $1.25 billion, a PE ratio of 12.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 0.74. The business has a fifty day moving average price of $30.09 and a 200-day moving average price of $26.00.
Meta Financial Group (NASDAQ:CASH) last posted its earnings results on Tuesday, July 30th. The savings and loans company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.25. Meta Financial Group had a return on equity of 11.64% and a net margin of 16.57%. The company had revenue of $110.76 million for the quarter. Sell-side analysts expect that Meta Financial Group Inc. will post 2.76 earnings per share for the current year.
The company also recently disclosed a — dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be issued a $0.05 dividend. The ex-dividend date is Monday, September 9th. This represents a dividend yield of 0.6%. Meta Financial Group’s dividend payout ratio is presently 7.12%.
Meta Financial Group 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.
Further Reading: After-Hours Trading
Receive News & Ratings for Meta Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.