Meta Financial Group, Inc. Plans Quarterly Dividend of $0.13 (CASH)
Meta Financial Group, Inc. (NASDAQ:CASH) declared a quarterly dividend on Tuesday, August 29th, NASDAQ reports. Stockholders of record on Friday, September 8th will be given a dividend of 0.13 per share by the savings and loans company on Monday, October 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, September 7th.
Meta Financial Group (NASDAQ CASH) opened at 68.75 on Wednesday. The stock has a 50 day moving average price of $79.72 and a 200-day moving average price of $85.34. Meta Financial Group has a 1-year low of $59.42 and a 1-year high of $106.90. The company has a market capitalization of $642.74 million, a price-to-earnings ratio of 12.68 and a beta of 0.89.
In related news, Chairman J Tyler Haahr sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $73.07, for a total transaction of $365,350.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Douglas J. Hajek sold 440 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $90.31, for a total transaction of $39,736.40. Following the sale, the director now directly owns 2,867 shares in the company, valued at approximately $258,918.77. The disclosure for this sale can be found here. Insiders have sold a total of 15,440 shares of company stock worth $1,289,336 in the last ninety days. 6.06% of the stock is currently owned by insiders.
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A number of analysts recently weighed in on CASH shares. ValuEngine lowered shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Friday, May 26th. FBR & Co set a $130.00 target price on shares of Meta Financial Group and gave the stock a “buy” rating in a report on Thursday, June 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $121.00 target price on shares of Meta Financial Group in a report on Monday, June 26th. Zacks Investment Research raised shares of Meta Financial Group from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Tuesday, June 27th. Finally, BidaskClub raised shares of Meta Financial Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Meta Financial Group currently has a consensus rating of “Hold” and an average target price of $104.33.
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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