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.

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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. 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.

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