Rhumbline Advisers boosted its stake in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 67.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,254 shares of the savings and loans company’s stock after purchasing an additional 6,951 shares during the quarter. Rhumbline Advisers owned about 0.18% of Meta Financial Group worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of CASH. SG Americas Securities LLC purchased a new stake in Meta Financial Group in the second quarter valued at about $112,000. LS Investment Advisors LLC purchased a new stake in Meta Financial Group in the third quarter valued at about $152,000. Victory Capital Management Inc. raised its stake in Meta Financial Group by 31.3% in the second quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock valued at $161,000 after buying an additional 430 shares during the last quarter. Legal & General Group Plc raised its stake in Meta Financial Group by 6.6% in the second quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock valued at $186,000 after buying an additional 130 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in 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 valued at $187,000 after buying an additional 980 shares during the last quarter. 76.89% of the stock is currently owned by institutional investors.

In other news, Director Frederick V. Moore sold 450 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $71.75, for a total value of $32,287.50. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at $7,175. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was purchased at an average price of $71.70 per share, with a total value of $99,878.10. Following the completion of the purchase, the director now owns 100 shares of the company’s stock, valued at $7,170. The disclosure for this purchase can be found here. Company insiders own 5.40% of the company’s stock.

A number of equities research analysts have commented on the company. BidaskClub cut Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. FBR & Co reiterated a “hold” rating and issued a $95.00 price target on shares of Meta Financial Group in a research note on Wednesday, October 11th. B. Riley set a $100.00 price objective on Meta Financial Group and gave the stock a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research cut Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $88.00 price objective on shares of Meta Financial Group in a research note on Thursday, October 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $95.75.

Meta Financial Group Inc. (NASDAQ:CASH) opened at $91.90 on Thursday. Meta Financial Group Inc. has a 12 month low of $60.70 and a 12 month high of $106.90. The stock has a market capitalization of $903.81, a PE ratio of 13.03 and a beta of 0.90. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.20.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Thursday, December 7th. Meta Financial Group’s payout ratio is 10.83%.

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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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Institutional Ownership by Quarter for Meta Financial Group (NASDAQ:CASH)

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