Northpointe Capital LLC purchased a new position in Meta Financial Group, Inc. (NASDAQ:CASH) during the second quarter, Holdings Channel reports. The fund purchased 71,683 shares of the savings and loans company’s stock, valued at approximately $6,380,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CASH. Wells Fargo & Company MN raised its stake in Meta Financial Group by 1.4% in the first quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock valued at $490,000 after buying an additional 78 shares during the last quarter. Bank of Montreal Can purchased a new stake in Meta Financial Group during the first quarter valued at $3,104,000. Stifel Financial Corp raised its stake in Meta Financial Group by 2,444.8% in the first quarter. Stifel Financial Corp now owns 109,909 shares of the savings and loans company’s stock valued at $9,762,000 after buying an additional 105,590 shares during the last quarter. Pier Capital LLC purchased a new stake in Meta Financial Group during the first quarter valued at $2,680,000. Finally, LSV Asset Management raised its stake in Meta Financial Group by 4.4% in the first quarter. LSV Asset Management now owns 14,100 shares of the savings and loans company’s stock valued at $1,247,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 76.05% of the company’s stock.

Shares of Meta Financial Group, Inc. (NASDAQ CASH) opened at 72.40 on Wednesday. The firm has a market cap of $676.87 million, a price-to-earnings ratio of 13.35 and a beta of 0.89. The company has a 50 day moving average of $83.84 and a 200-day moving average of $86.60. Meta Financial Group, Inc. has a one year low of $55.58 and a one year high of $106.90.

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Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $121.00 price objective on shares of Meta Financial Group in a report on Thursday, July 27th. Zacks Investment Research lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine lowered shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Friday, May 26th. BidaskClub lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, FBR & Co set a $130.00 price objective on shares of Meta Financial Group and gave the stock a “buy” rating in a report on Thursday, June 1st. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $104.33.

In related news, Director Douglas J. Hajek sold 440 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 2,867 shares of the company’s stock, valued at approximately $258,918.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman J Tyler Haahr sold 5,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $87.89, for a total transaction of $439,450.00. The disclosure for this sale can be found here. In the last three months, insiders sold 15,440 shares of company stock valued at $1,289,336. 6.06% of the stock is owned by insiders.

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

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