Meta Financial Group Inc. (CASH) Reaches New 52-Week High at $56.53
Shares of Meta Financial Group Inc. (NASDAQ:CASH) hit a new 52-week high during trading on Friday . The company traded as high as $56.53 and last traded at $56.40, with a volume of 46,604 shares trading hands. The stock had previously closed at $54.81.
Separately, Zacks Investment Research upgraded shares of Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $63.00 price target on the stock in a research note on Wednesday, July 27th.
The firm has a market cap of $479.50 million and a P/E ratio of 14.43. The company’s 50 day moving average price is $52.52 and its 200 day moving average price is $46.95.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings data on Monday, July 25th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. On average, equities analysts predict that Meta Financial Group Inc. will post $3.99 earnings per share for the current fiscal year.
In other Meta Financial Group news, EVP Troy Moore III sold 5,000 shares of the firm’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 sale, the executive vice president now directly owns 15,889 shares in the company, valued at approximately $792,384.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
A hedge fund recently raised its stake in Meta Financial Group stock. Dimensional Fund Advisors LP boosted its position in shares of 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 (SEC). The institutional investor owned 265,755 shares of the company’s stock after buying an additional 24,819 shares during the period. Dimensional Fund Advisors LP owned 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.
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