Company shares are trading at $87.25 quite a bit above $78.91, the 50 day moving average and which is just a bit higher than the 200 day moving average of $81.81. The 50 day moving average was up $8.34 or +10.57% and the 200 day average went up $5.44 or +6.65%. Meta Financial Group, Inc. shares had a trading volume of 265K on Tuesday. Shares saw a steep increase in trading volume of 223.46% over the normal average daily volume.
Traders are a little more bullish on the company recently if you evaluate the decrease in short interest. The company had a fall in short interest from September 29, 2017 to October 13, 2017 of -3.57%. Short interest decreased 12,019 over that period. With short interest at 324,637 and short average daily volume at 95,758, days to cover is 3.0 and the percentage of shorted shares was 0.03% on October 13.
There has been some buying insider activity on Meta Financial Group, Inc. (NASDAQ:CASH) recently. Frederick V. Moore, Director reported the purchase of 943 shares. The shares were bought on September 20th for a price of $71.72. The Director now owns $99,906 of the stock per the Form 4 SEC filing.
These firms have modified their investment in CASH. Victory Capital Management Inc reduced its investment by selling 1,617 shares a decrease of 89.5% in the quarter. Victory Capital Management Inc controls 189 shares worth $15,000. The value of the position overall is down by 90.7%. As of the end of the quarter Nationwide Fund Advisors had sold 6,131 shares trimming its position 17.1%. The value of the total investment in Meta Financial Group, Inc. decreased from $3,183,000 to $2,323,000 decreasing 27.0% quarter to quarter.
First Trust Advisors Lp trimmed its ownership by shedding 12,601 shares a decrease of 29.3% from 06/30/2017 to 09/30/2017. First Trust Advisors Lp claims 30,347 shares with a value of $2,379,000. The total value of its holdings decreased 37.8%. Northpointe Capital LLC cut its holdings by selling 35,308 shares a decrease of 49.3%. Northpointe Capital LLC now holds 36,375 shares valued at $2,852,000. The value of the position overall is down by 55.3%.
On October 31 the stock rating was upgraded to “” from “” by FBR Capital.
In the market the company is trading up by 5.76% percent from yesterday’s close. The company also recently announced a dividend for shareholders paid on Monday the 2nd of October 2017. The dividend was $0.130 per share for the quarter which is $0.52 annualized. This dividend amount represented a yield of $0.62. The ex-dividend date was set for Thursday the 7th of September 2017.
The most current P/E ratio is 16.09 and the market value is 815.70M. In the last earnings report the EPS was $5.42 and is projected to be $7.02 for the current year with 9,349,000 shares now outstanding. Analysts expect next quarter’s EPS will be $4.05 and the next full year EPS is projected to be $8.55.
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..