Shares of the company are trading at $91.60 a tad higher than $87.11, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $91.04. The 50 day moving average was up $4.49 or +5.15% and the 200 day average was up $0.56. (NASDAQ:CASH) shares saw heavy trading volume with 65K shares changing hands on Thursday. Shares saw a steep increase in trading volume of 47.72% over the normal average daily volume.
Investors are feeling more bearish on the company if you consider the increase in short interest. The stock saw a rise in short interest of 1.98% as of the latest report on May 31, 2017. Short shares increased from 182,046 to 185,653 over that period. With short interest at 185,653 and short average daily volume at 53,974, days to cover is 3.4 and the short interest percentage is 0.02% as of May 31.
Here is the rundown on market activity for Meta Financial Group, Inc. (NASDAQ:CASH). Douglas J. Hajek, Director let go of $39,728 worth of shares at an average price of $90.29 on Thu the 15th. Hajek now owns $228,163 of stock as reported to the SEC. J. Tyler Haahr, Chairman sold $439,400 worth of shares at an average price of $87.88 on Mon the 5th. The Chairman now owns $6,014,419 of the stock per an SEC filing yesterday.
Chairman J. Tyler Haahr disclosed the sale of 5,000 shares. The shares were sold on May 5th for an average price of $86.54. Haahr now owns $6,355,411 of the stock according to the SEC filing.
Here are a few additional firms who have increased or decreased their stake in (CASH). As of the end of the quarter Creative Planning had acquired a total of 40 shares growing its holdings by 2,000.0%. The value of the investment in (CASH) went from $0 to $4,000 increasing 0.0% for the reporting period. As of quarter end Bank Of Montreal /can/ had sold 1,131 shares trimming its stake by 3.2%. The value in dollars decreased from $3,104,000 to $3,021,000 a change of 2.7% quarter over quarter.
As of the end of the quarter Baird Financial Group, Inc. had disposed of a total of 4,697 shares trimming its position 3.3%. The value of the total investment in Meta Financial Group, Inc. went from $14,793,000 to $12,307,000 a change of $2,486,000 quarter to quarter. As of the end of the quarter Morgan Stanley had sold a total of 1,485 shares trimming its holdings by 93.8%. The value of the investment in CASH went from $163,000 to $9,000 a change of $154,000 since the last quarter.
October 4 investment analysts at Keefe Bruyette & Woods held the stock rating at “Outperform” but raised the price expectation from $67.00 to $79.00. On August 15 Keefe Bruyette & Woods made no change to the stock rating of “Outperform” but raised the price target to $67.00 from $55.00.
Keefe Bruyette & Woods initiated coverage on the stock by announcing an initial rating of “Outperform” and price target of $55.00. July 20 investment analysts at Raymond James maintained a company rating of “Strong Buy” but moved up the price target from $46.00 to $60.00.
On May 6 Raymond James kept the company rating at “Strong Buy” and raised the price expectation from $45.00 to $46.00.
In the market the company is trading up by 1.22% since yesterday’s close of $90.5. Additionally the company announced a dividend paid on Monday July 3rd, 2017. The dividend payment was $0.130 per share for the quarter which is $0.52 annualized. The dividend yield was $0.58. The ex-dividend date was Monday the 5th of June 2017.
Meta Financial Group, Inc. currently has a P/E ratio of 16.84 and market cap is 856.37M. As of the latest earnings report the EPS was $5.44 and is estimated to be $5.44 for the current year with 9,349,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.71 and the next full year EPS is anticipated to be $8.17.
Meta Financial Group, Inc., launched on June 14, 1993, is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. 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. It operates in both the banking and payments industries through MetaBank, its retail banking operation; Meta Payment Systems (MPS), its electronic payments division; AFS/IBEX Financial Services Inc. (AFS/IBEX), its insurance premium financing division, and Refund Advantage, EPS Financial, LLC (EPS) Financial and Specialty Consumer Services, its tax-related financial solutions divisions. In addition to its community-oriented lending and deposit gathering activities, the Bank’s various divisions issue prepaid cards, design consumer credit products, sponsor automatic teller machines (ATMs) into various debit networks, and offer tax refund-transfer services and other payment industry products and services..Advertisement