Meta Financial Group Inc. (NASDAQ:CASH) Plans Quarterly Dividend of $0.05

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Meta Financial Group Inc. (NASDAQ:CASH) announced a quarterly dividend on Wednesday, November 20th, Zacks reports. Investors of record on Tuesday, December 10th will be given a dividend of 0.05 per share by the savings and loans company on Thursday, January 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Monday, December 9th.

Shares of Meta Financial Group stock opened at $35.34 on Friday. The company’s 50-day moving average price is $33.75 and its 200-day moving average price is $30.70. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.26. Meta Financial Group has a 12-month low of $17.84 and a 12-month high of $36.06. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 13.29 and a beta of 1.30.

Meta Financial Group (NASDAQ:CASH) last announced its earnings results on Thursday, October 24th. The savings and loans company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Meta Financial Group had a return on equity of 12.70% and a net margin of 17.69%. The business had revenue of $101.60 million for the quarter, compared to analyst estimates of $103.94 million. On average, sell-side analysts predict that Meta Financial Group will post 3.44 earnings per share for the current year.

Several research analysts recently weighed in on CASH shares. Zacks Investment Research upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. B. Riley reaffirmed a “buy” rating and issued a $40.00 target price on shares of Meta Financial Group in a research note on Thursday, November 21st. Keefe, Bruyette & Woods set a $39.00 target price on shares of Meta Financial Group and gave the company a “buy” rating in a research report on Friday, September 13th. BidaskClub cut shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, Raymond James increased their price target on shares of Meta Financial Group from $38.00 to $41.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Meta Financial Group has an average rating of “Buy” and an average price target of $40.00.

In related news, insider Michael K. Goik sold 13,872 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $32.30, for a total value of $448,065.60. Following the transaction, the insider now owns 171,535 shares of the company’s stock, valued at $5,540,580.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.69% of the stock is owned by corporate insiders.

Meta Financial Group Company Profile

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. The company accepts various deposit products, including statement savings accounts, money market savings accounts, negotiable order of withdrawal accounts, and checking accounts; and deposits related to prepaid cards, which primarily comprise checking accounts and certificate accounts.

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Dividend History for Meta Financial Group (NASDAQ:CASH)

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