Renaissance Technologies LLC Sells 1,600 Shares of Meta Financial Group Inc. (CASH)

Renaissance Technologies LLC reduced its holdings in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,500 shares of the savings and loans company’s stock after selling 1,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Meta Financial Group were worth $1,510,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CASH. BlackRock Inc. lifted its stake in shares of Meta Financial Group by 6.1% during the 2nd quarter. BlackRock Inc. now owns 1,312,771 shares of the savings and loans company’s stock valued at $127,863,000 after buying an additional 76,038 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Meta Financial Group by 335.3% during the 2nd quarter. First Trust Advisors LP now owns 49,377 shares of the savings and loans company’s stock valued at $4,809,000 after buying an additional 38,034 shares in the last quarter. Acuitas Investments LLC lifted its stake in shares of Meta Financial Group by 208.5% during the 2nd quarter. Acuitas Investments LLC now owns 20,473 shares of the savings and loans company’s stock valued at $1,994,000 after buying an additional 13,836 shares in the last quarter. John W. Rosenthal Capital Management Inc. lifted its stake in shares of Meta Financial Group by 28.6% during the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 45,000 shares of the savings and loans company’s stock valued at $4,383,000 after buying an additional 10,000 shares in the last quarter. Finally, Strs Ohio lifted its stake in shares of Meta Financial Group by 134.2% during the 2nd quarter. Strs Ohio now owns 8,900 shares of the savings and loans company’s stock valued at $866,000 after buying an additional 5,100 shares in the last quarter. Institutional investors own 61.11% of the company’s stock.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of Meta Financial Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 5th. Zacks Investment Research raised shares of Meta Financial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 26th. B. Riley lowered shares of Meta Financial Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $44.00 to $33.33 in a report on Friday, July 27th. Sandler O’Neill set a $40.00 target price on shares of Meta Financial Group and gave the stock a “buy” rating in a report on Monday, August 6th. Finally, Raymond James decreased their price target on shares of 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. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Meta Financial Group presently has an average rating of “Hold” and a consensus target price of $37.19.

Shares of NASDAQ:CASH opened at $23.69 on Tuesday. The firm has a market capitalization of $928.10 million, a PE ratio of 10.72 and a beta of 1.00. Meta Financial Group Inc. has a one year low of $22.94 and a one year high of $39.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.46 and a current ratio of 0.46.

The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 7th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, September 6th. Meta Financial Group’s payout ratio is 8.51%.

About Meta Financial Group

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

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