Meta Financial Group, Inc. (CASH) Receives Consensus Rating of “Buy” from Analysts
Shares of Meta Financial Group, Inc. (NASDAQ:CASH) have received an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Meta Financial Group’s rating score has declined by 100% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price target of $93.00 for the company and are expecting that the company will post ($0.29) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Meta Financial Group an industry rank of 82 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $121.00 price objective on shares of Meta Financial Group in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. FBR & Co set a $130.00 price objective on shares of Meta Financial Group and gave the company a “buy” rating in a research report on Thursday, June 1st. Finally, ValuEngine lowered shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th.
Shares of Meta Financial Group (CASH) traded down 1.20% during mid-day trading on Monday, hitting $73.85. 27,941 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $71.08 and a 200-day moving average price of $83.36. The stock has a market cap of $690.42 million, a P/E ratio of 13.62 and a beta of 0.88. Meta Financial Group has a 1-year low of $59.52 and a 1-year high of $106.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given 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 0.70%. Meta Financial Group’s dividend payout ratio (DPR) is 9.81%.
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In other news, Director Frederick V. Moore sold 450 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $71.75, for a total transaction of $32,287.50. Following the completion of the transaction, the director now owns 100 shares in the company, valued at approximately $7,175. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frederick V. Moore acquired 1,393 shares of Meta Financial Group stock in a transaction dated Wednesday, September 20th. The shares were acquired at an average price of $71.70 per share, with a total value of $99,878.10. Following the transaction, the director now owns 100 shares in the company, valued at approximately $7,170. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 10,450 shares of company stock valued at $842,438. Insiders own 6.06% of the company’s stock.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Meta Financial Group during the 2nd quarter valued at about $112,000. Victory Capital Management Inc. bought a new position in shares of Meta Financial Group during the 1st quarter valued at about $122,000. Legal & General Group Plc boosted its position in shares of Meta Financial Group by 6.6% during the 2nd quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock valued at $186,000 after purchasing an additional 130 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Meta Financial Group by 86.6% in 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 during the period. Finally, 1st Global Advisors Inc. boosted its holdings in shares of Meta Financial Group by 1.3% in 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 during the period. Institutional investors own 74.23% of the company’s stock.
About Meta Financial Group
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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