United Services Automobile Association increased its position in shares of Meta Financial Group, Inc. (NASDAQ:CASH) by 151.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,600 shares of the savings and loans company’s stock after buying an additional 12,400 shares during the period. United Services Automobile Association owned about 0.22% of Meta Financial Group worth $1,823,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Meta Financial Group during the fourth quarter worth $103,000. Victory Capital Management Inc. bought a new stake in shares of Meta Financial Group during the first quarter worth $122,000. Boothbay Fund Management LLC bought a new stake in shares of Meta Financial Group during the fourth quarter worth $302,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Meta Financial Group during the fourth quarter worth $336,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Meta Financial Group during the first quarter worth $355,000. Institutional investors and hedge funds own 73.81% of the company’s stock.
Shares of Meta Financial Group, Inc. (CASH) traded up 0.43% during midday trading on Friday, reaching $92.75. The company’s stock had a trading volume of 36,112 shares. Meta Financial Group, Inc. has a 12-month low of $52.44 and a 12-month high of $106.90. The stock has a 50-day moving average of $89.28 and a 200 day moving average of $89.96. The firm has a market capitalization of $867.12 million, a P/E ratio of 17.05 and a beta of 0.93.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings data on Wednesday, April 26th. The savings and loans company reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.15. Meta Financial Group had a net margin of 19.51% and a return on equity of 16.92%. The company had revenue of $116.14 million during the quarter, compared to analysts’ expectations of $118.38 million. Equities research analysts predict that Meta Financial Group, Inc. will post $5.44 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Wednesday, June 7th were issued a $0.13 dividend. The ex-dividend date was Monday, June 5th. This represents a $0.52 dividend on an annualized basis and a yield of 0.56%. Meta Financial Group’s payout ratio is 9.81%.
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A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $121.00 target price on shares of Meta Financial Group in a research note on Monday, June 26th. FBR & Co set a $130.00 price objective on Meta Financial Group and gave the stock a “buy” rating in a research note on Thursday, June 1st. Zacks Investment Research upgraded Meta Financial Group from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Tuesday, June 27th. Finally, BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $116.00.
In other news, Director Douglas J. Hajek sold 440 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $90.31, for a total transaction of $39,736.40. Following the completion of the sale, the director now owns 2,867 shares of the company’s stock, valued at $258,918.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth G. Hoople bought 1,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were bought at an average cost of $83.63 per share, with a total value of $83,630.00. Following the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at $334,520. The disclosure for this purchase can be found here. Insiders sold 15,440 shares of company stock valued at $1,355,336 in the last ninety days. 6.06% of the stock is owned by corporate insiders.
Meta Financial Group Company 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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