Meta Financial Group, Inc. (CASH) Given Consensus Rating of “Buy” by Brokerages
Meta Financial Group, Inc. (NASDAQ:CASH) has been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Meta Financial Group’s rating score has declined by 100% from three months ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus target price of $93.00 for the company and are predicting that the company will post ($0.29) earnings per share for the current quarter, according to Zacks. Zacks has also given Meta Financial Group an industry rank of 53 out of 265 based on the ratings given to related companies.
CASH has been the topic of a number of research reports. ValuEngine raised Meta Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub cut Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $121.00 price target on shares of Meta Financial Group in a research note on Thursday, July 27th. FBR & Co set a $130.00 price target on Meta Financial Group and gave the company a “buy” rating in a research note on Thursday, June 1st. Finally, Zacks Investment Research cut Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.
Meta Financial Group (NASDAQ CASH) traded up 3.25% during midday trading on Friday, hitting $66.70. 71,355 shares of the stock traded hands. Meta Financial Group has a one year low of $59.52 and a one year high of $106.90. The company’s 50-day moving average is $73.41 and its 200-day moving average is $84.01. The company has a market cap of $623.58 million, a PE ratio of 12.30 and a beta of 0.88.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. Meta Financial Group’s dividend payout ratio is currently 9.81%.
In other Meta Financial Group news, Director Douglas J. Hajek sold 440 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $90.31, for a total transaction of $39,736.40. Following the completion of the sale, the director now owns 2,867 shares of the company’s stock, valued at approximately $258,918.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman J Tyler Haahr sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $88.96, for a total value of $444,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 10,440 shares of company stock valued at $849,886. 6.06% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Meta Financial Group during the second quarter worth $112,000. Victory Capital Management Inc. acquired a new stake in shares of Meta Financial Group during the first quarter worth $122,000. Legal & General Group Plc lifted its holdings in shares of Meta Financial Group by 6.6% during the second quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock worth $186,000 after buying an additional 130 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Meta Financial Group by 86.6% during the first quarter. Bank of America Corp DE now owns 2,112 shares of the savings and loans company’s stock worth $187,000 after buying an additional 980 shares in the last quarter. Finally, 1st Global Advisors Inc. lifted its holdings in shares of Meta Financial Group by 1.3% during the second quarter. 1st Global Advisors Inc. now owns 2,461 shares of the savings and loans company’s stock worth $219,000 after buying an additional 32 shares in the last quarter. 74.23% of the stock is owned by institutional investors and hedge funds.
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Meta Financial Group Company Profile
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.
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