Bank of Montreal Can boosted its stake in Meta Financial Group Inc. (NASDAQ:CASH) by 243.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,725 shares of the savings and loans company’s stock after purchasing an additional 55,085 shares during the period. Bank of Montreal Can owned approximately 0.20% of Meta Financial Group worth $1,508,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of CASH. Cranbrook Wealth Management LLC bought a new stake in Meta Financial Group in the 3rd quarter worth approximately $11,318,000. WINTON GROUP Ltd grew its position in Meta Financial Group by 1,321.0% in the 3rd quarter. WINTON GROUP Ltd now owns 100,605 shares of the savings and loans company’s stock worth $8,315,000 after purchasing an additional 93,525 shares during the period. Vanguard Group Inc grew its position in Meta Financial Group by 12.1% in the 3rd quarter. Vanguard Group Inc now owns 609,359 shares of the savings and loans company’s stock worth $50,363,000 after purchasing an additional 65,796 shares during the period. Vanguard Group Inc. grew its position in Meta Financial Group by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 609,359 shares of the savings and loans company’s stock worth $50,363,000 after purchasing an additional 65,796 shares during the period. Finally, William Blair Investment Management LLC grew its position in Meta Financial Group by 50.4% in the 3rd quarter. William Blair Investment Management LLC now owns 148,649 shares of the savings and loans company’s stock worth $12,286,000 after purchasing an additional 49,809 shares during the period. 24.57% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on CASH. BidaskClub raised shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Meta Financial Group currently has a consensus rating of “Hold” and an average price target of $36.75.
Shares of CASH stock opened at $24.23 on Thursday. Meta Financial Group Inc. has a 1 year low of $18.01 and a 1 year high of $39.28. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.12. The firm has a market cap of $947.26 million, a PE ratio of 8.62 and a beta of 1.32.
Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings data on Monday, January 28th. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Meta Financial Group had a net margin of 15.76% and a return on equity of 11.61%. The business had revenue of $98.02 million for the quarter, compared to the consensus estimate of $98.55 million. On average, sell-side analysts forecast that Meta Financial Group Inc. will post 2.52 earnings per share for the current fiscal year.
In other Meta Financial Group news, CFO Glen William Herrick acquired 5,000 shares of the business’s stock in a transaction dated Friday, December 7th. The stock was purchased at an average price of $21.02 per share, with a total value of $105,100.00. Following the transaction, the chief financial officer now directly owns 209,108 shares in the company, valued at approximately $4,395,450.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bradley C. Hanson acquired 20,000 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average cost of $21.43 per share, with a total value of $428,600.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 25,466 shares of company stock valued at $543,505. Insiders own 7.69% of the company’s stock.
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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.
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