Meta Financial Group Inc. (NASDAQ:CASH) Director Michael Robert Kramer Sells 4,408 Shares

Meta Financial Group Inc. (NASDAQ:CASH) Director Michael Robert Kramer sold 4,408 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $26.00, for a total value of $114,608.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Michael Robert Kramer also recently made the following trade(s):

  • On Tuesday, April 30th, Michael Robert Kramer sold 18,592 shares of Meta Financial Group stock. The stock was sold at an average price of $26.00, for a total value of $483,392.00.

Meta Financial Group stock traded down $0.57 during trading hours on Thursday, reaching $26.42. The company had a trading volume of 139,529 shares, compared to its average volume of 351,115. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.71 and a quick ratio of 0.70. The stock has a market capitalization of $1.08 billion, a P/E ratio of 9.40 and a beta of 1.40. Meta Financial Group Inc. has a 12-month low of $17.84 and a 12-month high of $38.87.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, June 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.76%. Meta Financial Group’s dividend payout ratio (DPR) is presently 7.12%.

Several brokerages recently weighed in on CASH. BidaskClub raised Meta Financial Group from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded Meta Financial Group from a “hold” rating to a “strong sell” rating in a research report on Monday, March 25th. Finally, B. Riley upgraded Meta Financial Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $33.00 in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $36.67.

Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Meta Financial Group by 200.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,139 shares of the savings and loans company’s stock worth $41,000 after purchasing an additional 1,426 shares during the period. Jane Street Group LLC purchased a new stake in Meta Financial Group in the third quarter worth $256,000. Flinton Capital Management LLC grew its stake in Meta Financial Group by 314.3% in the fourth quarter. Flinton Capital Management LLC now owns 3,712 shares of the savings and loans company’s stock worth $72,000 after purchasing an additional 2,816 shares during the period. Quantamental Technologies LLC purchased a new stake in Meta Financial Group in the fourth quarter worth $84,000. Finally, BNP Paribas Arbitrage SA grew its stake in Meta Financial Group by 96,733.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,810 shares of the savings and loans company’s stock worth $114,000 after purchasing an additional 5,804 shares during the period. 69.87% of the stock is currently owned by hedge funds and other institutional investors.

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

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