November 29, 2016 - By Nellie Frank
As disclosed in a legally required report that was filled with the DC-based SEC on November 28, 2016, Bradley Hanson an insider in Meta Financial Group Inc and currently President of MetaBank, unloaded shares worth $2,725,626 USD in the South Dakota-based company. He sold 29,000 shares, at average $94.0 per share. Currently, Mr. Bradley, has rights to 134,248 shares, which accounts for 1.59% of Meta Financial Group Inc’s market capitalization.
Out of 2 analysts covering Meta Financial Group (NASDAQ:CASH), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $67 is the highest target while $55 is the lowest. The $67 average target is -28.84% below today’s ($94.16) stock price. Meta Financial Group has been the topic of 3 analyst reports since October 13, 2015 according to StockzIntelligence Inc. On Monday, August 15 the stock rating was maintained by Wood with “Outperform”. As per Tuesday, October 13, the company rating was upgraded by Sandler O’Neill. On Thursday, April 7 the stock rating was initiated by Wood with “Outperform”.
Insitutional Activity: The institutional sentiment decreased to 2.52 in Q2 2016. Its down 0.44, from 2.96 in 2016Q1. The ratio dived, as 3 funds sold all Meta Financial Group Inc. shares owned while 20 reduced positions. 27 funds bought stakes while 41 increased positions. They now own 5.74 million shares or 9.81% more from 5.22 million shares in 2016Q1.
State Street Corp reported 135,082 shares or 0% of all its holdings. Panagora Asset Mngmt owns 123 shares or 0% of their US portfolio. Blackrock has 3,063 shares for 0% of their US portfolio. Friess Associates Limited owns 13,300 shares or 0.07% of their US portfolio. Blackrock Institutional Company Na holds 155,956 shares or 0% of its portfolio. First L P has 0% invested in the company for 11,953 shares. Invesco Ltd holds 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 24,699 shares. Northern Trust Corp has invested 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Moreover, Blackrock Fund Advsr has 0% invested in Meta Financial Group Inc. (NASDAQ:CASH) for 216,538 shares. Millennium Management Lc owns 26,101 shares or 0% of their US portfolio. Chicago Equity Partners Ltd Llc holds 0.02% or 11,990 shares in its portfolio. Ashford Incorporated accumulated 4.56% or 400,450 shares. Credit Suisse Ag last reported 9,925 shares in the company. Highbridge Cap Limited Liability Corp, a New York-based fund reported 8,422 shares. Blackrock Group Inc Limited has invested 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH).
About 67,751 shares traded hands or 3.95% up from the average. Meta Financial Group Inc. (NASDAQ:CASH) has risen 106.35% since April 25, 2016 and is uptrending. It has outperformed by 100.34% the S&P500.
Meta Financial Group, Inc. is a unitary savings and loan holding company. The company has a market cap of $796.11 million. The Firm operates through its banking subsidiary, MetaBank. It has a 23.94 P/E ratio. 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 firm providing services on a nationwide basis.
According to Zacks Investment Research, “Meta Financial Group, Inc. is the holding company for federally chartered savings bank MetaBank, Member FDIC. Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries: MetaBank, its retail banking division; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium finance division; and Refund Advantage, its tax refund-transfer software division. The synergies among the four provide a unique business model for the company.”
Analysts await Meta Financial Group Inc. (NASDAQ:CASH) to report earnings on January, 26. They expect $0.75 earnings per share, up 25.00% or $0.15 from last year’s $0.6 per share. CASH’s profit will be $6.34 million for 31.39 P/E if the $0.75 EPS becomes a reality. After $1.03 actual earnings per share reported by Meta Financial Group Inc. for the previous quarter, Wall Street now forecasts -27.18% negative EPS growth.
More recent Meta Financial Group Inc. (NASDAQ:CASH) news were published by: Marketwatch.com which released: “Meta Financial Group Inc.” on October 21, 2010. Also Globenewswire.com published the news titled: “Meta Financial Group, Inc.® Reports Results for 2016 Fiscal Fourth Quarter and ..” on October 25, 2016. Globenewswire.com‘s news article titled: “Meta Financial Group, Inc.® Announces Pricing of $75 Million Subordinated Notes” with publication date: August 11, 2016 was also an interesting one.
Meta Financial Group, Inc., incorporated on June 14, 1993, is a unitary savings and loan holding company. The Firm operates through its banking subsidiary, MetaBank (the Bank). 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 firm providing services on a nationwide basis. The Company’s divisions include Retail Banking and Meta Payment Systems (MPS). The Retail Banking segment includes AFS/IBEX Financial Services Inc. (AFS/IBEX). It operates as a traditional community bank providing deposit, loan and other related products to individuals and small businesses, primarily in the communities where its offices are located. MPS provides a range of services and products to financial institutions and other businesses, including issuance of prepaid debit cards, sponsorship of automated teller machines (ATM) into the debit networks, credit programs, automated clearing house (ACH) origination services, gift card programs, rebate programs, travel programs and tax-related programs and services. The Bank operates approximately 10 full-service branch banking offices in four market areas in Iowa and South Dakota: Northwest Iowa, Brookings, Central Iowa and Sioux Empire, one non-retail service branch in Memphis, Tennessee, and three non-branch offices located in Texas, California and Kentucky related to the Bank’s AFS/IBEX and Refund Advantage operations.
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By Nellie Frank