Sippican Capital Advisors Grows Stake in Meta Financial Group Inc. (CASH)

Sippican Capital Advisors grew its holdings in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,518 shares of the savings and loans company’s stock after purchasing an additional 581 shares during the quarter. Sippican Capital Advisors’ holdings in Meta Financial Group were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in CASH. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Meta Financial Group by 200.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,139 shares of the savings and loans company’s stock worth $41,000 after purchasing an additional 1,426 shares during the period. Jane Street Group LLC bought a new position in Meta Financial Group in the 3rd quarter worth approximately $256,000. Flinton Capital Management LLC boosted its stake in Meta Financial Group by 314.3% in the 4th quarter. Flinton Capital Management LLC now owns 3,712 shares of the savings and loans company’s stock worth $72,000 after purchasing an additional 2,816 shares during the period. Quantamental Technologies LLC bought a new position in Meta Financial Group in the 4th quarter worth approximately $84,000. Finally, Advisor Group Inc. boosted its stake in Meta Financial Group by 646.9% in the 4th quarter. Advisor Group Inc. now owns 6,588 shares of the savings and loans company’s stock worth $127,000 after purchasing an additional 5,706 shares during the period. Institutional investors own 64.83% of the company’s stock.

In related news, EVP Sheree Thornsberry sold 10,863 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $19.43, for a total transaction of $211,068.09. Following the sale, the executive vice president now owns 20,090 shares in the company, valued at approximately $390,348.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William David Tull sold 24,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $21.60, for a total value of $518,400.00. Following the sale, the director now owns 71,025 shares in the company, valued at approximately $1,534,140. 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 quarter. Corporate insiders own 7.69% of the company’s stock.

A number of research analysts have recently commented on CASH shares. BidaskClub downgraded Meta Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.67.

Shares of NASDAQ CASH traded up $0.17 during midday trading on Wednesday, reaching $22.08. 1,441 shares of the stock traded hands, compared to its average volume of 360,767. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $849.90 million, a P/E ratio of 7.85 and a beta of 1.27. Meta Financial Group Inc. has a one year low of $17.84 and a one year high of $38.87.

Meta Financial Group (NASDAQ:CASH) last posted its earnings results on Monday, January 28th. The savings and loans company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The firm had revenue of $98.02 million for the quarter, compared to the consensus estimate of $98.55 million. Meta Financial Group had a net margin of 15.76% and a return on equity of 11.61%. As a group, equities analysts predict that Meta Financial Group Inc. will post 2.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were given a dividend of $0.05 per share. The ex-dividend date was Friday, March 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. Meta Financial Group’s dividend payout ratio is currently 7.12%.

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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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Institutional Ownership by Quarter for Meta Financial Group (NASDAQ:CASH)

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