New York State Teachers Retirement System Raises Stock Position in Meta Financial Group Inc. (NASDAQ:CASH)

New York State Teachers Retirement System lifted its stake in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 11.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,138 shares of the savings and loans company’s stock after buying an additional 2,500 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Meta Financial Group worth $439,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its position in shares of Meta Financial Group by 10.4% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 7,000 shares of the savings and loans company’s stock worth $152,000 after buying an additional 662 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Meta Financial Group by 0.6% during the 1st quarter. Rhumbline Advisers now owns 112,176 shares of the savings and loans company’s stock worth $2,436,000 after buying an additional 689 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Meta Financial Group during the 4th quarter worth approximately $26,000. Alps Advisors Inc. lifted its position in shares of Meta Financial Group by 8.6% during the 1st quarter. Alps Advisors Inc. now owns 11,174 shares of the savings and loans company’s stock worth $243,000 after buying an additional 883 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Meta Financial Group by 3.2% during the 1st quarter. Comerica Bank now owns 33,712 shares of the savings and loans company’s stock worth $565,000 after buying an additional 1,037 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Several analysts have recently weighed in on CASH shares. Piper Sandler reduced their price objective on shares of Meta Financial Group from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Raymond James cut their target price on shares of Meta Financial Group from $30.00 to $25.00 and set a “strong-buy” rating on the stock in a report on Thursday, April 23rd. ValuEngine raised shares of Meta Financial Group from a “strong sell” rating to a “sell” rating in a report on Saturday. Zacks Investment Research raised shares of Meta Financial Group from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, July 24th. Finally, BidaskClub cut shares of Meta Financial Group from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Meta Financial Group has a consensus rating of “Hold” and an average price target of $25.00.

In other Meta Financial Group news, Director Frederick V. Moore sold 3,300 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $19.42, for a total value of $64,086.00. Following the transaction, the director now directly owns 1,380 shares of the company’s stock, valued at approximately $26,799.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William David Tull sold 46,005 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $19.74, for a total transaction of $908,138.70. The disclosure for this sale can be found here. Insiders own 4.67% of the company’s stock.

Shares of CASH opened at $18.66 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market capitalization of $645.82 million, a P/E ratio of 6.08 and a beta of 1.20. The company’s fifty day moving average is $18.10 and its two-hundred day moving average is $23.83. Meta Financial Group Inc. has a 1 year low of $13.09 and a 1 year high of $40.00.

Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.32. The company had revenue of $103.19 million for the quarter, compared to analysts’ expectations of $105.37 million. Meta Financial Group had a net margin of 20.68% and a return on equity of 11.27%. Sell-side analysts predict that Meta Financial Group Inc. will post 2.29 EPS for the current year.

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.

Featured Article: Why is the price target of stocks important?

Institutional Ownership by Quarter for Meta Financial Group (NASDAQ:CASH)

Receive News & Ratings for Meta Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.