Meta Financial Group (CASH) Reaches New 12-Month Low at $26.30

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Shares of Meta Financial Group Inc. (NASDAQ:CASH) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $26.30 and last traded at $26.22, with a volume of 6898 shares traded. The stock had previously closed at $27.26.

CASH has been the subject of a number of analyst reports. B. Riley lowered their price target on Meta Financial Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, June 21st. BidaskClub downgraded Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 19th. ValuEngine downgraded Meta Financial Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 6th. Zacks Investment Research upgraded Meta Financial Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, Sandler O’Neill set a $40.00 target price on Meta Financial Group and gave the stock a “buy” rating in a research report on Monday, August 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $37.14.

The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 3.59 and a beta of 1.00. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.19.

Meta Financial Group (NASDAQ:CASH) last released its earnings results on Thursday, July 26th. The savings and loans company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.22. Meta Financial Group had a return on equity of 14.58% and a net margin of 14.08%. The business had revenue of $61.64 million during the quarter, compared to the consensus estimate of $66.50 million. Equities analysts expect that Meta Financial Group Inc. will post 6.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 7th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, September 6th. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. Meta Financial Group’s dividend payout ratio (DPR) is 2.84%.

Several large investors have recently added to or reduced their stakes in CASH. Harvest Capital Strategies LLC purchased a new position in shares of Meta Financial Group during the first quarter valued at $9,282,000. BlackRock Inc. increased its stake in shares of Meta Financial Group by 6.1% during the second quarter. BlackRock Inc. now owns 1,312,771 shares of the savings and loans company’s stock valued at $127,863,000 after buying an additional 76,038 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Meta Financial Group during the first quarter valued at $6,590,000. Millennium Management LLC purchased a new position in shares of Meta Financial Group during the second quarter valued at $5,084,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Meta Financial Group during the second quarter valued at $4,793,000. Institutional investors and hedge funds own 61.11% of the company’s stock.

Meta Financial Group Company Profile (NASDAQ:CASH)

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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