Meta Financial Group, Inc. (NASDAQ:CASH) CEO buys $100,000.00 worth of stock

Meta Financial Group, Inc. (NASDAQ: CASH – Get Rating) CEO Brett L. Pharr acquired 2,500 shares in a trade dated Friday, July 1. The stock was acquired at an average cost of $40.00 per share, with a total value of $100,000.00. As a result of the transaction, the CEO now directly owns 49,375 shares of the company, valued at $1,975,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink.

Shares of CASH rose $0.58 during midday trading on Tuesday, hitting $41.20. The company had a trading volume of 334,742 shares, compared to an average volume of 260,180. Meta Financial Group, Inc. has a 52-week low of $36.02 and a 52-week high of $65.96. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt ratio of 0.12. The stock has a market capitalization of $1.21 billion, a P/E ratio of 7.56 and a beta of 0.96. The stock has a 50-day moving average of $40.07 and a two-hundred-day moving average of $50.21.

Meta Financial Group (NASDAQ:CASH – Get Rating) last released its results on Thursday, April 28. The savings and loan company reported EPS of $1.73 for the quarter, missing analyst consensus estimates of $1.93 per ($0.20). The company posted revenue of $193.57 million in the quarter, compared to $201.08 million expected by analysts. Meta Financial Group had a return on equity of 15.34% and a net margin of 26.84%. The company’s quarterly revenue increased by 3.3% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $1.84. On average, sell-side analysts expect Meta Financial Group, Inc. to post earnings per share of 4.65 for the current year.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

The company also recently declared a quarterly dividend, which was paid on Friday, July 1. Investors of record on Thursday June 9 received a dividend of $0.05. The ex-dividend date was Wednesday, June 8. This represents a dividend of $0.20 on an annualized basis and a yield of 0.49%. Meta Financial Group’s payout ratio is 3.72%.

A number of hedge funds and other institutional investors have recently increased or reduced their holdings in CASH. Quantbot Technologies LP acquired a new position in Meta Financial Group in Q1 worth approximately $34,000. Advisor Group Holdings Inc. increased its holdings of Meta Financial Group shares by 27.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,116 shares of the savings and loan company valued at $116,000 after acquiring 453 additional shares in the last quarter. Rockefeller Capital Management LP increased its holdings of Meta Financial Group shares by 2,079.1% during the fourth quarter. Rockefeller Capital Management LP now owns 1,983 shares of the savings and loan company valued at $118,000 after acquiring 1,892 additional shares in the last quarter. USA Financial Portformulas Corp acquired a new position in shares of Meta Financial Group during the fourth quarter valued at approximately $121,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Meta Financial Group during the fourth quarter valued at approximately $136,000. 80.28% of the shares are held by institutional investors.

Several research companies have weighed in on CASH. B. Riley lowered his price target on Meta Financial Group from $70.00 to $65.00 in a Tuesday, April 12 research note. StockNews.com downgraded Meta Financial Group from a “hold” rating to a “sell” rating in a Wednesday, June 15 research rating.

About Meta Financial Group (Get an assessment)

Meta Financial Group, Inc operates as a holding company of MetaBank which offers various banking products and services in the United States. It operates through three segments: Consumer, Commercial and Corporate Services/Other. The Company offers demand deposit accounts, savings accounts, money market savings accounts and certificate accounts; term loans, asset-based loans, factoring, leasing, insurance premium financing, government guaranteed loans and other commercial financing products; warehouse financing; health care receivables loans; and consumer credit products.

Featured Articles

Insider buying and selling by quarter for Meta Financial Group (NASDAQ:CASH)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Meta Financial Group right now?

Before you consider Meta Financial Group, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Meta Financial Group wasn’t on the list.

Although Meta Financial Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.