Meta Financial Group Inc. (CASH) Hits New 1-Year High at $55.02
Meta Financial Group Inc. (NASDAQ:CASH) shares reached a new 52-week high on Monday . The company traded as high as $55.02 and last traded at $53.47, with a volume of 20,221 shares traded. The stock had previously closed at $52.78.
A number of research analysts have weighed in on CASH shares. Zacks Investment Research downgraded Meta Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Keefe, Bruyette & Woods started coverage on Meta Financial Group in a report on Wednesday, April 6th. They set an “outperform” rating and a $55.00 target price on the stock.
The firm has a 50 day moving average of $51.60 and a 200-day moving average of $45.96. The company has a market cap of $466.36 million and a P/E ratio of 15.47.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.07. Analysts forecast that Meta Financial Group Inc. will post $3.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Tuesday, June 7th were given a dividend of $0.13 per share. The ex-dividend date was Friday, June 3rd. This represents a $0.52 annualized dividend and a dividend yield of 0.97%.
In related news, EVP Troy Moore III sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $49.87, for a total transaction of $249,350.00. Following the completion of the transaction, the executive vice president now owns 15,889 shares in the company, valued at approximately $792,384.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Ira Duane Frericks sold 2,469 shares of the company’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $49.00, for a total transaction of $120,981.00. Following the transaction, the chief operating officer now owns 1,417 shares of the company’s stock, valued at approximately $69,433. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Meta Financial Group stock. Dimensional Fund Advisors LP increased its stake in Meta Financial Group Inc. (NASDAQ:CASH) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 265,755 shares of the company’s stock after buying an additional 24,819 shares during the period. Dimensional Fund Advisors LP owned approximately 3.13% of Meta Financial Group worth $12,206,000 at the end of the most recent quarter.
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.