State of Tennessee Treasury Department decreased its stake in Meta Financial Group Inc. (NASDAQ:CASH) by 9.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,971 shares of the savings and loans company’s stock after selling 759 shares during the quarter. State of Tennessee Treasury Department owned 0.07% of Meta Financial Group worth $646,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in CASH. Northpointe Capital LLC lifted its stake in Meta Financial Group by 407.9% in the 4th quarter. Northpointe Capital LLC now owns 184,738 shares of the savings and loans company’s stock worth $17,116,000 after acquiring an additional 148,363 shares in the last quarter. Second Curve Capital LLC lifted its stake in Meta Financial Group by 37.4% in the 3rd quarter. Second Curve Capital LLC now owns 424,132 shares of the savings and loans company’s stock worth $33,252,000 after acquiring an additional 115,400 shares in the last quarter. American Century Companies Inc. purchased a new stake in Meta Financial Group in the 4th quarter worth about $6,409,000. Principal Financial Group Inc. lifted its stake in Meta Financial Group by 1,247.4% in the 3rd quarter. Principal Financial Group Inc. now owns 71,248 shares of the savings and loans company’s stock worth $5,586,000 after acquiring an additional 65,960 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Meta Financial Group by 115.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 103,779 shares of the savings and loans company’s stock worth $8,137,000 after acquiring an additional 55,590 shares in the last quarter. Institutional investors and hedge funds own 78.95% of the company’s stock.
Shares of CASH traded down $1.30 during midday trading on Friday, reaching $113.55. 95,384 shares of the stock were exchanged, compared to its average volume of 57,681. Meta Financial Group Inc. has a 12-month low of $60.70 and a 12-month high of $117.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $1,099.60, a PE ratio of 15.58 and a beta of 1.13.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.25. Meta Financial Group had a return on equity of 16.05% and a net margin of 16.20%. The company had revenue of $58.46 million during the quarter, compared to the consensus estimate of $54.47 million. equities research analysts expect that Meta Financial Group Inc. will post 7.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 12th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Friday, March 9th. Meta Financial Group’s payout ratio is 7.38%.
CASH has been the subject of several research analyst reports. BidaskClub downgraded Meta Financial Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. B. Riley raised their price target on Meta Financial Group from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research downgraded Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, March 30th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $125.00 price target on shares of Meta Financial Group in a research note on Thursday, January 11th. Finally, Lake Street Capital initiated coverage on Meta Financial Group in a research note on Monday, January 8th. They set a “buy” rating and a $120.00 price target for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $117.00.
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Meta Financial Group Profile
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services to individuals, small businesses, financial institutions, and other businesses. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts.
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