Meta Financial Group Inc. (NASDAQ:CASH) Director Sells $409,516.00 in Stock

Meta Financial Group Inc. (NASDAQ:CASH) Director William David Tull sold 14,800 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $27.67, for a total transaction of $409,516.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

William David Tull also recently made the following trade(s):

  • On Friday, June 7th, William David Tull sold 7,400 shares of Meta Financial Group stock. The shares were sold at an average price of $27.31, for a total transaction of $202,094.00.
  • On Monday, June 10th, William David Tull sold 22,200 shares of Meta Financial Group stock. The shares were sold at an average price of $27.37, for a total transaction of $607,614.00.
  • On Monday, June 3rd, William David Tull sold 7,400 shares of Meta Financial Group stock. The shares were sold at an average price of $26.19, for a total transaction of $193,806.00.
  • On Wednesday, June 5th, William David Tull sold 22,200 shares of Meta Financial Group stock. The shares were sold at an average price of $26.84, for a total transaction of $595,848.00.
  • On Friday, May 24th, William David Tull sold 9,955 shares of Meta Financial Group stock. The shares were sold at an average price of $27.06, for a total transaction of $269,382.30.
  • On Monday, May 20th, William David Tull sold 4,978 shares of Meta Financial Group stock. The stock was sold at an average price of $26.52, for a total transaction of $132,016.56.
  • On Wednesday, May 22nd, William David Tull sold 14,934 shares of Meta Financial Group stock. The stock was sold at an average price of $27.06, for a total transaction of $404,114.04.
  • On Friday, May 17th, William David Tull sold 7,400 shares of Meta Financial Group stock. The stock was sold at an average price of $26.47, for a total transaction of $195,878.00.
  • On Wednesday, May 15th, William David Tull sold 7,400 shares of Meta Financial Group stock. The stock was sold at an average price of $26.53, for a total transaction of $196,322.00.
  • On Monday, May 13th, William David Tull sold 7,400 shares of Meta Financial Group stock. The stock was sold at an average price of $26.43, for a total transaction of $195,582.00.

NASDAQ:CASH traded up $0.32 during trading hours on Wednesday, reaching $27.69. 252,600 shares of the company’s stock were exchanged, compared to its average volume of 342,743. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.85 and a beta of 1.31. Meta Financial Group Inc. has a 12 month low of $17.84 and a 12 month high of $37.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.70 and a current ratio of 0.71.

Meta Financial Group (NASDAQ:CASH) last issued its earnings results on Thursday, April 25th. The savings and loans company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.15. Meta Financial Group had a net margin of 13.76% and a return on equity of 10.46%. The firm had revenue of $176.38 million during the quarter, compared to analysts’ expectations of $173.63 million. On average, sell-side analysts expect that Meta Financial Group Inc. will post 2.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, June 7th. Meta Financial Group’s dividend payout ratio is 7.12%.

A number of institutional investors have recently bought and sold shares of the stock. Private Advisors LLC acquired a new position in Meta Financial Group in the 1st quarter worth approximately $1,215,000. Marshall Wace LLP boosted its stake in Meta Financial Group by 49.9% in the 1st quarter. Marshall Wace LLP now owns 31,928 shares of the savings and loans company’s stock worth $628,000 after purchasing an additional 10,625 shares during the period. Ashford Capital Management Inc. boosted its stake in Meta Financial Group by 11.6% in the 1st quarter. Ashford Capital Management Inc. now owns 1,040,465 shares of the savings and loans company’s stock worth $20,476,000 after purchasing an additional 108,308 shares during the period. Goldman Sachs Group Inc. boosted its stake in Meta Financial Group by 39.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,009,886 shares of the savings and loans company’s stock worth $19,875,000 after purchasing an additional 286,795 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new position in Meta Financial Group in the 1st quarter worth approximately $245,000. 69.87% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, June 4th. BidaskClub upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Finally, B. Riley upgraded shares of Meta Financial Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $25.00 to $33.00 in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $34.75.

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About Meta Financial Group

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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Insider Buying and Selling by Quarter for Meta Financial Group (NASDAQ:CASH)

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