Meta Financial Group Inc. (CASH) Shares Bought by Pacific Ridge Capital Partners LLC
Pacific Ridge Capital Partners LLC increased its holdings in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 19.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 23,810 shares of the savings and loans company’s stock after purchasing an additional 3,830 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Meta Financial Group were worth $1,968,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in Meta Financial Group by 2.8% during the third quarter. BlackRock Inc. now owns 1,349,139 shares of the savings and loans company’s stock worth $111,507,000 after purchasing an additional 36,368 shares during the period. Dimensional Fund Advisors LP grew its holdings in Meta Financial Group by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 517,584 shares of the savings and loans company’s stock worth $42,778,000 after purchasing an additional 4,497 shares during the period. William Blair Investment Management LLC grew its holdings in Meta Financial Group by 50.4% during the third quarter. William Blair Investment Management LLC now owns 148,649 shares of the savings and loans company’s stock worth $12,286,000 after purchasing an additional 49,809 shares during the period. Northern Trust Corp grew its holdings in Meta Financial Group by 6.8% during the second quarter. Northern Trust Corp now owns 146,894 shares of the savings and loans company’s stock worth $14,308,000 after purchasing an additional 9,394 shares during the period. Finally, Cranbrook Wealth Management LLC bought a new position in Meta Financial Group during the third quarter worth about $11,318,000. Institutional investors and hedge funds own 21.44% of the company’s stock.
A number of equities analysts recently commented on CASH shares. BidaskClub upgraded Meta Financial Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 5th. B. Riley reduced their price target on Meta Financial Group from $33.33 to $30.00 and set a “neutral” rating for the company in a report on Thursday, September 13th. Raymond James reduced their price target on Meta Financial Group from $40.00 to $36.67 and set a “strong-buy” rating for the company in a report on Monday, September 17th. Zacks Investment Research upgraded Meta Financial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 26th. Finally, ValuEngine cut Meta Financial Group from a “sell” rating to a “strong sell” rating in a report on Saturday, October 6th. Three analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $38.11.
Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings data on Wednesday, October 31st. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Meta Financial Group had a return on equity of 12.10% and a net margin of 15.05%. The company had revenue of $73.15 million during the quarter, compared to analysts’ expectations of $82.46 million. As a group, sell-side analysts predict that Meta Financial Group Inc. will post 2.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Tuesday, December 11th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Monday, December 10th. Meta Financial Group’s dividend payout ratio is presently 7.12%.
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About Meta Financial Group
Meta Financial Group, Inc operates as a financial holding company, which provides savings and loan services. The company operates through the following business segments: Payments, Banking, and Corporate Services & Other. The Payments segment provides MPS, refund advantage, EPS, SCS, and other tax services.
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