Texas Permanent School Fund boosted its stake in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 213.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,051 shares of the savings and loans company’s stock after acquiring an additional 12,299 shares during the quarter. Texas Permanent School Fund’s holdings in Meta Financial Group were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Crossmark Global Holdings Inc. lifted its holdings in shares of Meta Financial Group by 177.9% during the third quarter. Crossmark Global Holdings Inc. now owns 8,670 shares of the savings and loans company’s stock worth $239,000 after purchasing an additional 5,550 shares during the period. Bank of New York Mellon Corp lifted its holdings in Meta Financial Group by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 112,593 shares of the savings and loans company’s stock valued at $9,305,000 after acquiring an additional 4,521 shares during the period. BlackRock Inc. lifted its holdings in Meta Financial Group by 2.8% in the third quarter. BlackRock Inc. now owns 1,349,139 shares of the savings and loans company’s stock valued at $111,507,000 after acquiring an additional 36,368 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Meta Financial Group by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 517,584 shares of the savings and loans company’s stock valued at $42,778,000 after acquiring an additional 4,497 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Meta Financial Group by 3.2% in the third quarter. Baird Financial Group Inc. now owns 90,604 shares of the savings and loans company’s stock valued at $7,379,000 after acquiring an additional 2,773 shares during the period. 64.83% of the stock is owned by institutional investors.
CASH has been the subject of a number of analyst reports. BidaskClub downgraded Meta Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Zacks Investment Research upgraded Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.67.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings data on Monday, January 28th. The savings and loans company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Meta Financial Group had a net margin of 15.76% and a return on equity of 11.61%. The business had revenue of $98.02 million during the quarter, compared to analysts’ expectations of $98.55 million. On average, research analysts forecast that Meta Financial Group Inc. will post 2.34 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. Meta Financial Group’s payout ratio is currently 7.12%.
In related news, Director William David Tull sold 24,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $21.60, for a total transaction of $518,400.00. Following the transaction, the director now owns 71,025 shares in the company, valued at approximately $1,534,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sheree Thornsberry sold 10,863 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $19.43, for a total value of $211,068.09. Following the transaction, the executive vice president now owns 20,090 shares in the company, valued at approximately $390,348.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,741 shares of company stock worth $2,381,260. Company insiders own 7.69% of the company’s stock.
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Meta Financial Group 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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