Keefe, Bruyette & Woods Reiterates “Buy” Rating for Meta Financial Group, Inc. (NASDAQ:CASH)
Keefe, Bruyette & Woods reissued their buy rating on shares of Meta Financial Group, Inc. (NASDAQ:CASH) in a report issued on Thursday morning. Keefe, Bruyette & Woods currently has a $121.00 target price on the savings and loans company’s stock.
CASH has been the topic of several other research reports. ValuEngine raised shares of Meta Financial Group from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. FBR & Co set a $130.00 price target on shares of Meta Financial Group and gave the company a buy rating in a research report on Thursday, June 1st. Zacks Investment Research raised shares of Meta Financial Group from a hold rating to a buy rating and set a $97.00 price target on the stock in a research report on Tuesday, June 27th. Finally, BidaskClub raised shares of Meta Financial Group from a hold rating to a buy rating in a research report on Thursday, July 6th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $104.33.
Meta Financial Group (NASDAQ CASH) traded down 0.56% during mid-day trading on Thursday, hitting $71.45. The company’s stock had a trading volume of 145,497 shares. The firm has a market cap of $667.99 million, a price-to-earnings ratio of 13.17 and a beta of 0.93. Meta Financial Group has a 52-week low of $54.13 and a 52-week high of $106.90. The firm has a 50 day moving average of $89.60 and a 200-day moving average of $89.45.
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The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Wednesday, June 7th were given a $0.13 dividend. The ex-dividend date was Monday, June 5th. This represents a $0.52 annualized dividend and a yield of 0.73%. Meta Financial Group’s payout ratio is 9.81%.
In other Meta Financial Group news, Director Douglas J. Hajek sold 440 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $90.31, for a total value of $39,736.40. Following the completion of the sale, the director now owns 2,867 shares in the company, valued at approximately $258,918.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman J Tyler Haahr sold 5,000 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $86.27, for a total transaction of $431,350.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,440 shares of company stock worth $1,355,336. 6.06% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Strs Ohio raised its stake in Meta Financial Group by 4.7% in the second quarter. Strs Ohio now owns 9,000 shares of the savings and loans company’s stock valued at $801,000 after buying an additional 400 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Meta Financial Group during the second quarter valued at approximately $231,000. Boston Advisors LLC purchased a new stake in Meta Financial Group during the second quarter valued at approximately $2,662,000. Legato Capital Management LLC purchased a new stake in Meta Financial Group during the second quarter valued at approximately $1,851,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Meta Financial Group during the first quarter valued at approximately $325,000. Hedge funds and other institutional investors own 74.16% of the company’s stock.
Meta Financial Group Company Profile
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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