Bank of Montreal Can trimmed its stake in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,704 shares of the savings and loans company’s stock after selling 3,667 shares during the period. Bank of Montreal Can owned approximately 0.29% of Meta Financial Group worth $2,567,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Malaga Cove Capital LLC bought a new stake in Meta Financial Group in the third quarter valued at approximately $111,000. LS Investment Advisors LLC bought a new stake in Meta Financial Group in the third quarter valued at approximately $152,000. Legal & General Group Plc increased 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 purchasing an additional 130 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Meta Financial Group during the third quarter worth $165,000. Finally, SG Americas Securities LLC increased its position in shares of Meta Financial Group by 70.9% during the third quarter. SG Americas Securities LLC now owns 2,150 shares of the savings and loans company’s stock worth $169,000 after acquiring an additional 892 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.
Several equities research analysts have recently issued reports on CASH shares. B. Riley increased their price objective on shares of Meta Financial Group from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Lake Street Capital started coverage on shares of Meta Financial Group in a research report on Monday, January 8th. They set a “buy” rating and a $120.00 price objective for the company. BidaskClub raised shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. FBR & Co raised shares of Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $125.00 price objective on shares of Meta Financial Group in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $116.60.
Shares of Meta Financial Group Inc. (CASH) traded up $0.60 during mid-day trading on Friday, reaching $110.50. 51,872 shares of the company’s stock were exchanged, compared to its average volume of 80,377. The firm has a market capitalization of $1,070.06, a PE ratio of 21.54 and a beta of 1.13. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.20. Meta Financial Group Inc. has a 12-month low of $60.70 and a 12-month high of $117.97.
Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.25. The firm had revenue of $58.46 million during the quarter, compared to analysts’ expectations of $54.47 million. Meta Financial Group had a net margin of 16.20% and a return on equity of 16.05%. research analysts expect that Meta Financial Group Inc. will post 7.69 EPS for the current fiscal year.
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Meta Financial Group Profile
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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