Meta Financial Group Inc. (NASDAQ:CASH) Director Sells $607,614.00 in Stock

Meta Financial Group Inc. (NASDAQ:CASH) Director William David Tull sold 22,200 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $27.37, for a total transaction of $607,614.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

William David Tull also recently made the following trade(s):

  • On Friday, June 7th, William David Tull sold 7,400 shares of Meta Financial Group stock. The stock was sold at an average price of $27.31, for a total transaction of $202,094.00.
  • On Monday, June 3rd, William David Tull sold 7,400 shares of Meta Financial Group stock. The stock was sold at an average price of $26.19, for a total transaction of $193,806.00.
  • On Wednesday, June 5th, William David Tull sold 22,200 shares of Meta Financial Group stock. The stock was sold at an average price of $26.84, for a total transaction of $595,848.00.
  • On Friday, May 24th, William David Tull sold 9,955 shares of Meta Financial Group stock. The stock was sold at an average price of $27.06, for a total transaction of $269,382.30.
  • On Monday, May 20th, William David Tull sold 4,978 shares of Meta Financial Group stock. The stock was sold at an average price of $26.52, for a total transaction of $132,016.56.
  • On Wednesday, May 22nd, William David Tull sold 14,934 shares of Meta Financial Group stock. The stock was sold at an average price of $27.06, for a total transaction of $404,114.04.
  • On Friday, May 17th, William David Tull sold 7,400 shares of Meta Financial Group stock. The stock was sold at an average price of $26.47, for a total transaction of $195,878.00.
  • On Wednesday, May 15th, William David Tull sold 7,400 shares of Meta Financial Group stock. The stock was sold at an average price of $26.53, for a total transaction of $196,322.00.
  • On Monday, May 13th, William David Tull sold 7,400 shares of Meta Financial Group stock. The stock was sold at an average price of $26.43, for a total transaction of $195,582.00.
  • On Thursday, May 9th, William David Tull sold 22,200 shares of Meta Financial Group stock. The stock was sold at an average price of $25.82, for a total transaction of $573,204.00.

Shares of NASDAQ CASH opened at $27.37 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.12. Meta Financial Group Inc. has a 52-week low of $17.84 and a 52-week high of $37.35. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.74 and a beta of 1.31.

Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings results on Thursday, April 25th. The savings and loans company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.15. Meta Financial Group had a net margin of 13.76% and a return on equity of 10.46%. The firm had revenue of $176.38 million during the quarter, compared to analysts’ expectations of $173.63 million. As a group, research analysts expect that Meta Financial Group Inc. will post 2.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, June 7th. Meta Financial Group’s dividend payout ratio (DPR) is currently 7.12%.

A number of hedge funds and other institutional investors have recently made changes to their positions in CASH. Morgan Stanley raised its stake in Meta Financial Group by 94.3% during the 3rd quarter. Morgan Stanley now owns 47,202 shares of the savings and loans company’s stock valued at $3,902,000 after purchasing an additional 22,914 shares during the period. Bank of Montreal Can raised its stake in Meta Financial Group by 243.3% during the 4th quarter. Bank of Montreal Can now owns 77,725 shares of the savings and loans company’s stock valued at $1,508,000 after purchasing an additional 55,085 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Meta Financial Group by 200.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,139 shares of the savings and loans company’s stock valued at $41,000 after purchasing an additional 1,426 shares during the period. New York State Teachers Retirement System raised its stake in Meta Financial Group by 200.0% during the 4th quarter. New York State Teachers Retirement System now owns 15,252 shares of the savings and loans company’s stock valued at $296,000 after purchasing an additional 10,168 shares during the period. Finally, Arizona State Retirement System raised its stake in Meta Financial Group by 220.3% during the 4th quarter. Arizona State Retirement System now owns 42,480 shares of the savings and loans company’s stock valued at $824,000 after purchasing an additional 29,218 shares during the period. Hedge funds and other institutional investors own 69.87% of the company’s stock.

A number of equities analysts recently issued reports on CASH shares. BidaskClub upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Zacks Investment Research cut shares of Meta Financial Group from a “hold” rating to a “strong sell” rating in a research report on Monday, March 25th. Finally, B. Riley upgraded shares of Meta Financial Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $25.00 to $33.00 in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $34.75.

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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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Insider Buying and Selling by Quarter for Meta Financial Group (NASDAQ:CASH)

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