Credit Agricole S A raised its stake in shares of Meta Financial Group, Inc. (NASDAQ:CASH) by 20.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,200 shares of the savings and loans company’s stock after buying an additional 24,200 shares during the period. Credit Agricole S A owned approximately 1.55% of Meta Financial Group worth $12,850,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Meta Financial Group by 1.4% in the first quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock valued at $490,000 after buying an additional 78 shares in the last quarter. Navellier & Associates Inc boosted its stake in shares of Meta Financial Group by 3.3% in the first quarter. Navellier & Associates Inc now owns 4,065 shares of the savings and loans company’s stock worth $360,000 after buying an additional 131 shares during the period. American International Group Inc. boosted its stake in shares of Meta Financial Group by 7.1% in the first quarter. American International Group Inc. now owns 5,071 shares of the savings and loans company’s stock worth $449,000 after buying an additional 337 shares during the period. LSV Asset Management boosted its stake in shares of Meta Financial Group by 4.4% in the first quarter. LSV Asset Management now owns 14,100 shares of the savings and loans company’s stock worth $1,247,000 after buying an additional 600 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of Meta Financial Group during the fourth quarter worth about $103,000. Hedge funds and other institutional investors own 73.82% of the company’s stock.
Shares of Meta Financial Group, Inc. (CASH) traded down 1.10% during mid-day trading on Friday, hitting $85.40. The stock had a trading volume of 125,928 shares. The company has a market cap of $798.40 million, a PE ratio of 15.70 and a beta of 0.88. Meta Financial Group, Inc. has a one year low of $48.97 and a one year high of $106.90. The firm’s 50 day moving average price is $86.91 and its 200-day moving average price is $91.31.
Meta Financial Group (NASDAQ:CASH) last announced its earnings results on Wednesday, April 26th. The savings and loans company reported $4.11 EPS for the quarter, topping the consensus estimate of $3.96 by $0.15. The business had revenue of $116.14 million during the quarter, compared to the consensus estimate of $118.38 million. Meta Financial Group had a net margin of 19.51% and a return on equity of 16.92%. On average, equities research analysts anticipate that Meta Financial Group, Inc. will post $5.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Wednesday, June 7th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Monday, June 5th. Meta Financial Group’s dividend payout ratio is currently 9.81%.
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A number of analysts have weighed in on the company. FBR & Co reaffirmed a “buy” rating on shares of Meta Financial Group in a research report on Monday, February 27th. Zacks Investment Research raised Meta Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, March 20th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $121.00 price target on shares of Meta Financial Group in a research report on Wednesday, April 5th. Finally, ValuEngine cut Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Friday, May 26th.
In related news, Chairman J Tyler Haahr sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $86.27, for a total transaction of $431,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas J. Hajek sold 440 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $90.31, for a total transaction of $39,736.40. Following the completion of the transaction, the director now owns 2,867 shares of the company’s stock, valued at $258,918.77. The disclosure for this sale can be found here. Insiders sold a total of 15,440 shares of company stock valued at $1,344,836 in the last three months. Insiders own 6.06% of the company’s stock.
About Meta Financial Group
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.
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