Meta Financial Group (CASH) Sets New 52-Week Low at $24.43

Meta Financial Group Inc. (NASDAQ:CASH) reached a new 52-week low during trading on Friday . The company traded as low as $24.43 and last traded at $24.42, with a volume of 2828 shares trading hands. The stock had previously closed at $25.03.

CASH has been the topic of a number of analyst reports. Sandler O’Neill set a $40.00 price objective on shares of Meta Financial Group and gave the company a “buy” rating in a research note on Monday, August 6th. B. Riley reduced their price objective on shares of Meta Financial Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, June 21st. Zacks Investment Research raised shares of Meta Financial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 26th. BidaskClub raised shares of Meta Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 5th. Finally, ValuEngine lowered shares of Meta Financial Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $37.19.

The company has a market capitalization of $1.01 billion, a PE ratio of 10.45 and a beta of 1.00. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.19.

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, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.22. The business had revenue of $61.64 million for the quarter, compared to analyst estimates of $66.50 million. Meta Financial Group had a net margin of 14.08% and a return on equity of 14.58%. Equities analysts anticipate that Meta Financial Group Inc. will post 2.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 7th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.82%. The ex-dividend date was Thursday, September 6th. Meta Financial Group’s dividend payout ratio is presently 8.51%.

A number of hedge funds and other institutional investors have recently modified their holdings of CASH. Clarkston Capital Partners LLC bought a new position in shares of Meta Financial Group in the third quarter valued at $769,000. Nisa Investment Advisors LLC lifted its stake in shares of Meta Financial Group by 5,000.0% in the third quarter. Nisa Investment Advisors LLC now owns 4,080 shares of the savings and loans company’s stock valued at $337,000 after buying an additional 4,000 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Meta Financial Group by 6.8% in the second quarter. Northern Trust Corp now owns 146,894 shares of the savings and loans company’s stock valued at $14,308,000 after buying an additional 9,394 shares in the last quarter. B. Riley Financial Inc. bought a new position in shares of Meta Financial Group in the second quarter valued at $371,000. Finally, California Public Employees Retirement System lifted its stake in shares of Meta Financial Group by 28.1% in the second quarter. California Public Employees Retirement System now owns 21,238 shares of the savings and loans company’s stock valued at $2,069,000 after buying an additional 4,653 shares in the last quarter. 61.11% of the stock is currently owned by institutional investors and hedge funds.

About Meta Financial Group (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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