Insider Selling: David Leedom Sells 6,761 Shares of Meta Financial Group Stock (CASH)
Meta Financial Group (NASDAQ:CASH) CFO David Leedom sold 6,761 shares of Meta Financial Group stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $37.92, for a total value of $256,377.12. Following the completion of the transaction, the chief financial officer now directly owns 12,680 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CASH shares. Analysts at Zacks upgraded shares of Meta Financial Group (NASDAQ:CASH) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, September 6th. They now have a $35.30 price target on the stock. Separately, analysts at Raymond James upgraded shares of Meta Financial Group (NASDAQ:CASH) from an “outperform” rating to a “strong-buy” rating in a research note to investors on Friday, September 6th. They now have a $41.00 price target on the stock, up previously from $33.00. Finally, analysts at Thomson Reuters/Verus downgraded shares of Meta Financial Group (NASDAQ:CASH) from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 2nd.
Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Meta Financial Group presently has an average rating of “Buy” and a consensus target price of $36.43.
Meta Financial Group (NASDAQ:CASH) traded down 0.11% on Friday, hitting $37.98. 25,090 shares of the company’s stock traded hands. Meta Financial Group has a 1-year low of $22.25 and a 1-year high of $39.82. The stock’s 50-day moving average is $32.15 and its 200-day moving average is $27.85. The company has a market cap of $226.6 million and a P/E ratio of 16.77.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, September 6th.
Meta Financial Group, Inc, formerly known as First Midwest Financial, Inc, is a United States-based holding company.
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