Insider Selling: Meta Financial Group, Inc. (NASDAQ:CASH) EVP Sells 4,557 Shares of Stock

Meta Financial Group, Inc. (NASDAQ:CASHGet Rating) EVP Kia S. Tang sold 4,557 shares of the firm’s stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $50.09, for a total value of $228,260.13. Following the completion of the sale, the executive vice president now directly owns 9,477 shares of the company’s stock, valued at $474,702.93. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CASH traded up $0.77 during trading on Wednesday, hitting $49.60. 169,954 shares of the stock were exchanged, compared to its average volume of 274,068. The firm has a 50 day simple moving average of $54.58 and a 200 day simple moving average of $57.78. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 8.80 and a beta of 0.86. Meta Financial Group, Inc. has a 1 year low of $43.64 and a 1 year high of $65.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.73.

Meta Financial Group (NASDAQ:CASHGet Rating) last announced its quarterly earnings results on Wednesday, January 26th. The savings and loans company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.01. Meta Financial Group had a return on equity of 15.89% and a net margin of 28.68%. The business had revenue of $158.20 million for the quarter, compared to the consensus estimate of $115.17 million. During the same period last year, the business posted $0.84 EPS. As a group, equities analysts anticipate that Meta Financial Group, Inc. will post 4.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Thursday, March 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.40%. Meta Financial Group’s dividend payout ratio is presently 3.60%.

Several equities research analysts have recently issued reports on CASH shares. B. Riley lowered their price objective on Meta Financial Group from $70.00 to $65.00 in a research note on Tuesday. Zacks Investment Research lowered Meta Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 11th. Finally, StockNews.com assumed coverage on Meta Financial Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $62.75.

Large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in shares of Meta Financial Group by 54.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 52,178 shares of the savings and loans company’s stock valued at $3,113,000 after acquiring an additional 18,372 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Meta Financial Group by 17.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,400 shares of the savings and loans company’s stock worth $651,000 after purchasing an additional 1,800 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Meta Financial Group in the 3rd quarter worth $1,015,000. Cubist Systematic Strategies LLC boosted its position in shares of Meta Financial Group by 22.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 36,044 shares of the savings and loans company’s stock worth $1,892,000 after purchasing an additional 6,509 shares in the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in shares of Meta Financial Group in the 3rd quarter worth $590,000. Institutional investors and hedge funds own 84.64% of the company’s stock.

Meta Financial Group Company Profile (Get Rating)

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. It operates through three segments: Consumer, Commercial, and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, money market savings accounts, and certificate accounts; term lending, asset-based lending, factoring, leasing, insurance premium financing, government guaranteed lending, and other commercial finance products; warehouse financing; healthcare receivables loans; and consumer credit products.

Further Reading

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

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