BidaskClub Lowers Meta Financial Group (CASH) to Strong Sell

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BidaskClub lowered shares of Meta Financial Group (NASDAQ:CASH) from a sell rating to a strong sell rating in a report released on Tuesday morning.

Separately, Zacks Investment Research downgraded shares of Meta Financial Group from a hold rating to a sell rating in a report on Tuesday, November 13th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $36.75.

Shares of NASDAQ CASH opened at $20.52 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.12. Meta Financial Group has a 52 week low of $18.01 and a 52 week high of $39.20. The stock has a market capitalization of $761.99 million, a P/E ratio of 7.30 and a beta of 1.30.

Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings data on Monday, January 28th. The savings and loans company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). Meta Financial Group had a net margin of 15.76% and a return on equity of 11.61%. The company had revenue of $98.02 million during the quarter, compared to analyst estimates of $98.55 million. As a group, research analysts anticipate that Meta Financial Group will post 2.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, March 8th. This represents a $0.20 annualized dividend and a yield of 0.97%. Meta Financial Group’s dividend payout ratio (DPR) is currently 7.12%.

In other Meta Financial Group news, Director William David Tull sold 24,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $21.60, for a total transaction of $518,400.00. Following the completion of the transaction, the director now directly owns 71,025 shares in the company, valued at approximately $1,534,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sheree Thornsberry sold 10,863 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $19.43, for a total transaction of $211,068.09. Following the transaction, the executive vice president now owns 20,090 shares of the company’s stock, valued at $390,348.70. The disclosure for this sale can be found here. Insiders have sold a total of 112,741 shares of company stock valued at $2,381,260 over the last 90 days. 7.69% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of CASH. Sippican Capital Advisors grew its holdings in shares of Meta Financial Group by 4.4% during the fourth quarter. Sippican Capital Advisors now owns 12,937 shares of the savings and loans company’s stock worth $251,000 after buying an additional 547 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Meta Financial Group by 200.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,139 shares of the savings and loans company’s stock worth $41,000 after buying an additional 1,426 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Meta Financial Group by 8.5% during the third quarter. Legal & General Group Plc now owns 19,605 shares of the savings and loans company’s stock worth $1,620,000 after buying an additional 1,537 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of Meta Financial Group by 56.5% during the third quarter. MetLife Investment Advisors LLC now owns 6,601 shares of the savings and loans company’s stock worth $546,000 after buying an additional 2,383 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Meta Financial Group by 3.2% during the third quarter. Baird Financial Group Inc. now owns 90,604 shares of the savings and loans company’s stock worth $7,379,000 after buying an additional 2,773 shares in the last quarter. Hedge funds and other institutional investors own 64.97% of the company’s stock.

About Meta Financial Group

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. The company accepts various deposit products, including statement savings accounts, money market savings accounts, negotiable order of withdrawal accounts, and checking accounts; and deposits related to prepaid cards, which primarily comprise checking accounts and certificate accounts.

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