Meta Financial Group Inc. (NASDAQ:CASH)’s share price was up 5.3% on Tuesday after Keefe, Bruyette & Woods raised their price target on the stock from $67.00 to $79.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Meta Financial Group traded as high as $66.85 and last traded at $66.49, with a volume of 91,758 shares traded. The stock had previously closed at $63.17.
Separately, Zacks Investment Research lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
A number of institutional investors have recently added to or reduced their stakes in CASH. Pinkerton Retirement Specialists LLC acquired a new position in Meta Financial Group during the second quarter valued at approximately $10,354,000. Credit Agricole S A acquired a new position in Meta Financial Group during the first quarter valued at approximately $4,332,000. JPMorgan Chase & Co. raised its position in Meta Financial Group by 159.2% in the first quarter. JPMorgan Chase & Co. now owns 136,600 shares of the company’s stock valued at $6,229,000 after buying an additional 83,900 shares during the period. California Public Employees Retirement System raised its position in Meta Financial Group by 552.6% in the second quarter. California Public Employees Retirement System now owns 73,810 shares of the company’s stock valued at $3,761,000 after buying an additional 62,500 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in Meta Financial Group by 57.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 155,956 shares of the company’s stock valued at $7,948,000 after buying an additional 56,597 shares during the period.
The firm has a market capitalization of $569.66 million, a price-to-earnings ratio of 17.14 and a beta of 0.51. The company’s 50-day moving average is $60.88 and its 200-day moving average is $52.89.
Meta Financial Group (NASDAQ:CASH) last posted its earnings results on Monday, July 25th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.18. Meta Financial Group had a net margin of 18.45% and a return on equity of 11.22%. Equities research analysts forecast that Meta Financial Group Inc. will post $3.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, September 1st. Meta Financial Group’s dividend payout ratio (DPR) is 13.54%.
About Meta Financial Group
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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