Foundry Partners LLC lessened its stake in Meta Financial Group Inc. (NASDAQ:CASH) by 93.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,680 shares of the savings and loans company’s stock after selling 57,053 shares during the quarter. Foundry Partners LLC’s holdings in Meta Financial Group were worth $304,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. LPL Financial LLC bought a new stake in Meta Financial Group during the first quarter worth $212,000. Stevens Capital Management LP bought a new stake in Meta Financial Group during the second quarter worth $429,000. John W. Rosenthal Capital Management Inc. lifted its holdings in Meta Financial Group by 28.6% during the second quarter. John W. Rosenthal Capital Management Inc. now owns 45,000 shares of the savings and loans company’s stock worth $4,383,000 after acquiring an additional 10,000 shares during the period. SG Americas Securities LLC lifted its holdings in Meta Financial Group by 99.5% during the second quarter. SG Americas Securities LLC now owns 2,639 shares of the savings and loans company’s stock worth $257,000 after acquiring an additional 1,316 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Meta Financial Group by 5.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 48,191 shares of the savings and loans company’s stock worth $4,694,000 after acquiring an additional 2,530 shares during the period. Institutional investors own 61.11% of the company’s stock.
CASH has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Meta Financial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 26th. BidaskClub lowered Meta Financial Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 25th. Raymond James dropped their price target on Meta Financial Group from $40.00 to $36.67 and set a “strong-buy” rating on the stock in a report on Monday, September 17th. ValuEngine lowered Meta Financial Group from a “sell” rating to a “strong sell” rating in a report on Saturday, October 6th. Finally, B. Riley dropped their price target on Meta Financial Group from $33.33 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.19.
Shares of Meta Financial Group stock opened at $23.96 on Tuesday. The firm has a market cap of $958.66 million, a P/E ratio of 11.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.46 and a current ratio of 0.46. Meta Financial Group Inc. has a 12 month low of $23.89 and a 12 month high of $39.33.
Meta Financial Group (NASDAQ:CASH) last issued its earnings results on Thursday, July 26th. The savings and loans company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.22. The firm had revenue of $61.64 million for the quarter, compared to analyst estimates of $66.50 million. Meta Financial Group had a return on equity of 14.58% and a net margin of 14.08%. Research analysts anticipate that Meta Financial Group Inc. will post 2.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 7th were paid a $0.05 dividend. The ex-dividend date was Thursday, September 6th. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. Meta Financial Group’s payout ratio is presently 8.51%.
Meta Financial Group Company Profile
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.
Further Reading: Book Value Per Share – BVPS
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