The Swiss National Bank Takes Position in Meta Financial Group Inc. (CASH)

The Swiss National Bank Takes Position in Meta Financial Group Inc. (CASH)

Swiss National Bank acquired a new position in shares of Meta Financial Group Inc. (NASDAQ:CASH) during the second quarter, Holdings Channel reports. The fund acquired 11,200 shares of the company’s stock, valued at approximately $571,000. Swiss National Bank owned about 0.13% of Meta Financial Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nantahala Capital Management LLC boosted its position in Meta Financial Group by 7.3% in the first quarter. Nantahala Capital Management LLC now owns 471,198 shares of the company’s stock worth $21,487,000 after buying an additional 31,890 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Meta Financial Group by 159.2% in the first quarter. JPMorgan Chase & Co. now owns 136,600 shares of the company’s stock worth $6,229,000 after buying an additional 83,900 shares during the last quarter. Credit Agricole S A bought a new position in Meta Financial Group during the first quarter worth $4,332,000. Foundry Partners LLC boosted its position in Meta Financial Group by 0.3% in the second quarter. Foundry Partners LLC now owns 87,530 shares of the company’s stock worth $4,461,000 after buying an additional 225 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Meta Financial Group by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 33,697 shares of the company’s stock worth $1,717,000 after buying an additional 2,222 shares during the last quarter.

Shares of Meta Financial Group Inc. (NASDAQ:CASH) traded up 2.38% on Friday, reaching $68.95. The company had a trading volume of 27,031 shares. The company has a market capitalization of $587.73 million, a P/E ratio of 17.68 and a beta of 0.51. The company has a 50 day moving average of $62.49 and a 200-day moving average of $53.73. Meta Financial Group Inc. has a 52 week low of $36.22 and a 52 week high of $69.32.

Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.18. Meta Financial Group had a return on equity of 11.22% and a net margin of 18.45%. Analysts predict that Meta Financial Group Inc. will post $3.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.77%. Meta Financial Group’s payout ratio is presently 13.54%.

A number of research analysts have recently weighed in on CASH shares. Zacks Investment Research cut Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Keefe, Bruyette & Woods lifted their price objective on Meta Financial Group from $64.00 to $67.00 and gave the company an “outperform” rating in a research report on Monday, August 15th.

Meta Financial Group Company Profile

Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank. 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.

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