Systematic Financial Management LP purchased a new position in shares of Meta Financial Group Inc. (NASDAQ:CASH) during the second quarter, Holdings Channel reports. The firm purchased 25,873 shares of the company’s stock, valued at approximately $1,318,000. Systematic Financial Management LP owned approximately 0.30% of Meta Financial Group as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Sippican Capital Advisors purchased a new position in Meta Financial Group during the second quarter worth approximately $281,000. Swiss National Bank purchased a new position in Meta Financial Group during the second quarter worth approximately $571,000. Friess Associates LLC purchased a new position in Meta Financial Group during the first quarter worth approximately $606,000. First Trust Advisors LP raised its position in Meta Financial Group by 0.3% in the second quarter. First Trust Advisors LP now owns 11,953 shares of the company’s stock worth $609,000 after buying an additional 35 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in Meta Financial Group during the second quarter worth approximately $611,000.
Shares of Meta Financial Group Inc. (NASDAQ:CASH) traded down 1.10% during trading on Monday, reaching $60.91. 10,059 shares of the company were exchanged. The stock has a market capitalization of $519.20 million, a price-to-earnings ratio of 15.62 and a beta of 0.47. The company has a 50 day moving average price of $59.72 and a 200-day moving average price of $51.73. Meta Financial Group Inc. has a one year low of $36.22 and a one year high of $62.62.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. Meta Financial Group had a return on equity of 11.22% and a net margin of 18.45%. Equities analysts predict that Meta Financial Group Inc. will post $3.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, September 1st. Meta Financial Group’s dividend payout ratio (DPR) is presently 13.54%.
A number of research firms have recently commented on CASH. Zacks Investment Research raised shares of Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $63.00 price target on the stock in a research report on Wednesday, July 27th. Keefe, Bruyette & Woods lifted their price target on shares of Meta Financial Group from $64.00 to $67.00 and gave the company an “outperform” rating in a research report on Monday, August 15th.
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. 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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