USA Financial Portformulas Corp acquired a new position in Meta Financial Group Inc. (NASDAQ:CASH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,889 shares of the savings and loans company’s stock, valued at approximately $281,000.
Other large investors have also recently made changes to their positions in the company. Sei Investments Co. bought a new position in Meta Financial Group in the first quarter worth approximately $142,000. LPL Financial LLC bought a new position in Meta Financial Group in the first quarter worth approximately $212,000. SG Americas Securities LLC grew its stake in Meta Financial Group by 99.5% in the second quarter. SG Americas Securities LLC now owns 2,639 shares of the savings and loans company’s stock worth $257,000 after purchasing an additional 1,316 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Meta Financial Group by 23.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 3,338 shares of the savings and loans company’s stock worth $325,000 after purchasing an additional 640 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in Meta Financial Group by 27.6% during the second quarter. Citadel Advisors LLC now owns 3,800 shares of the savings and loans company’s stock worth $370,000 after buying an additional 821 shares during the period. 61.11% of the stock is currently owned by institutional investors.
Meta Financial Group stock opened at $25.01 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.12. The firm has a market cap of $979.82 million, a price-to-earnings ratio of 8.90 and a beta of 1.09. Meta Financial Group Inc. has a twelve month low of $21.55 and a twelve month high of $39.33.
Meta Financial Group (NASDAQ:CASH) last posted its earnings results on Wednesday, October 31st. The savings and loans company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $73.15 million during the quarter, compared to analyst estimates of $82.46 million. Meta Financial Group had a return on equity of 12.10% and a net margin of 15.05%. Analysts anticipate that Meta Financial Group Inc. will post 2.52 earnings per share for the current fiscal year.
CASH has been the subject of a number of analyst reports. ValuEngine lowered Meta Financial Group from a “sell” rating to a “strong sell” rating in a report on Saturday, October 6th. BidaskClub upgraded Meta Financial Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 5th. Zacks Investment Research upgraded Meta Financial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 26th. B. Riley lowered their target price on Meta Financial Group from $33.33 to $30.00 and set a “neutral” rating for the company in a report on Thursday, September 13th. Finally, Sandler O’Neill set a $40.00 target price on Meta Financial Group and gave the stock a “buy” rating in a report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Meta Financial Group presently has an average rating of “Hold” and a consensus price target of $38.11.
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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