Meta Financial Group, Inc. (NASDAQ: CASH) reported unusually high trading volume on Friday after B. Riley raised his share price target from $ 65.00 to $ 68.00. B. Riley currently has a buy rating on the stock. About 23,036 shares traded during trading, an 89% drop from the volume of 207,499 shares in the previous session. The stock last traded at $ 55.20 and closed at $ 55.09.
Other research analysts have also published research reports on the company. Zacks investment research upgraded Meta Financial Group from a âholdâ rating to a âbuyâ rating and set a price target of $ 56.00 on the stock in a research report released on Friday, July 30. Piper Sandler raised her target price on Meta Financial Group from $ 55.00 to $ 60.00 and rated the company as “overweight” in a report released Thursday, July 29. Finally, Raymond James raised his price target on Meta Financial Group from $ 63.00 to $ 70.00 and gave the company a âstrong buyâ rating in a report released Thursday. Four investment analysts rated the stock with a buy rating and one gave the stock a high buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 57.40.
In other news from Meta Financial Group, EVP Anthony M. Sharett sold 589 shares of the company in a trade on Thursday, September 23. The stock was sold for an average price of $ 51.69, for a total trade of $ 30,445.41. The transaction was disclosed in a file with the SEC, which can be accessed through this hyperlink. 2.40% of the shares are currently held by insiders.
A number of large investors have recently changed their positions in CASH. FMR LLC increased its stake in Meta Financial Group shares by 80.4% in the second quarter. FMR LLC now owns 2,438,895 shares of the savings and loan company valued at $ 123,482,000 after purchasing an additional 1,086,884 shares in the last quarter. Vanguard Group Inc. increased its holdings in Meta Financial Group by 1.6% in the second quarter. Vanguard Group Inc. now owns 2,079,713 shares of the savings and loan company valued at $ 105,296,000 after purchasing an additional 33,087 shares in the last quarter. Nantahala Capital Management LLC increased its stake in Meta Financial Group by 8.7% in the second quarter. Nantahala Capital Management LLC now owns 1,073,936 shares of the savings and loan company valued at $ 54,373,000 after purchasing an additional 86,152 shares in the last quarter. State Street Corp increased its stake in Meta Financial Group shares by 2.9% in the second quarter. State Street Corp now owns 1,026,753 shares of the savings and loan company valued at $ 52,037,000 after purchasing an additional 28,912 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Meta Financial Group shares by 3.1% in the second quarter. Geode Capital Management LLC now owns 576,733 shares of the savings and loan company valued at $ 29,199,000 after purchasing an additional 17,177 shares in the last quarter. Institutional investors hold 79.69% of the shares of the company.
The company has a market cap of $ 1.76 billion, a P / E ratio of 12.90 and a beta of 0.92. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt ratio of 0.11. The company has a 50-day moving average price of $ 51.93 and a 200-day moving average price of $ 50.43.
Meta Financial Group (NASDAQ: CASH) last reported its quarterly results on Wednesday, October 27. The savings and loan company reported EPS of $ 0.50 for the quarter, missing Zacks’ consensus estimate of $ 0.81 ($ 0.31). Meta Financial Group recorded a return on equity of 16.26% and a net margin of 25.19%. During the same period last year, the company made EPS of $ 0.38. On average, research analysts expect Meta Financial Group, Inc. to post earnings per share of 4.78 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 1. Shareholders of record on Thursday, September 9, received a dividend of $ 0.05. The ex-dividend date was Wednesday, September 8. This represents an annualized dividend of $ 0.20 and a dividend yield of 0.36%. Meta Financial Group’s dividend payout ratio is currently 8.23%.
About Meta Financial Group (NASDAQ: CASH)
Meta Financial Group, Inc. operates as a financial holding company, which provides savings and loan services. The company operates in the following business segments: consumer, commercial and business services and others. The consumer segment provides meta-payment systems (MPS), consumer credit products, warehouse finance, and other tax services.
Read more: What are high yield dividend stocks?
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [emailÂ protected]
Should you invest $ 1,000 in Meta Financial Group now?
Before you consider Meta Financial Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of … and Meta Financial Group was not on the list.
While Meta Financial Group currently has a âBuyâ rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here