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CASH Meta Financial

Meta Financial Group, Inc., is the holding company for MetaBank, N.A., Member Federal Deposit Insurance Corporation. Headquartered in Sioux Falls, S.D., MetaBank operates in several segments within the Banking and Payments industries: MetaBank, its traditional retail banking operation; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium financing division; and Refund Advantage, EPS Financial and Specialty Consumer Services, its tax-related financial solutions divisions. MetaBank, the retail banking division, operates 10 retail branches in four market areas: Central Iowa; Storm Lake, Iowa; Brookings, S.D..; and Sioux Falls, S.D.. MetaBank offers traditional banking services designed to serve the needs of individual, agricultural and business depositors and borrowers.

Company profile

Ticker
CASH
Exchange
CEO
Bradley Hanson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FIRST MIDWEST FINANCIAL INC
SEC CIK
IRS number
421406262

CASH stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Feb 21
17 Apr 21
30 Sep 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Mar 21 Kia S. Tang Common Stock Payment of exercise Dispose F No No 44.95 742 33.35K 9,258
15 Mar 21 Douglas J. Hajek Common Stock Sell Dispose S No Yes 47.01 3,000 141.03K 16,181
12 Mar 21 Sharett Anthony M. Common Stock Sell Dispose S No Yes 46.18 1,700 78.51K 17,604
10 Mar 21 Pharr Brett L. Common Stock Sell Dispose S No Yes 46.29 2,343 108.46K 19,483
9 Mar 21 Moore Frederick V Common Stock Sell Dispose S No No 46.8 1,100 51.48K 2,980

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

74.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 150 143 +4.9%
Opened positions 27 20 +35.0%
Closed positions 20 23 -13.0%
Increased positions 43 50 -14.0%
Reduced positions 60 46 +30.4%
13F shares
Current Prev Q Change
Total value 14.57B 476M +2961.3%
Total shares 24.07M 39.04M -38.3%
Total puts 15K 14.1K +6.4%
Total calls 7K 164.1K -95.7%
Total put/call ratio 2.1 0.1 +2393.9%
Largest owners
Shares Value Change
BLK Blackrock 4.85M $177.25M -1.4%
Vanguard 2.07M $75.56M +1.7%
Dimensional Fund Advisors 1.72M $62.89M -0.8%
Nantahala Capital Management 1.54M $56.33M -14.4%
GS Goldman Sachs 1.46M $53.32M -1.2%
STT State Street 1.02M $37.4M +1.2%
Patriot Financial Partners GP 929.58K $33.99M -24.4%
Geode Capital Management 539.73K $19.73M +4.8%
FMR 516.49K $18.88M +344225.3%
Brookside Equity Partners 489.09K $17.88M NEW
Largest transactions
Shares Bought/sold Change
Wetherby Asset Management 0 -10.26M EXIT
Walkner Condon Financial Advisors 0 -4.69M EXIT
FMR 516.49K +516.34K +344225.3%
Brookside Equity Partners 489.09K +489.09K NEW
LSV Asset Management 2.05K -343.18K -99.4%
Patriot Financial Partners GP 929.58K -300K -24.4%
Driehaus Capital Management 297.59K +297.59K NEW
Ararat Capital Management 293.24K +293.24K NEW
Cranbrook Wealth Management 305.63K -261.03K -46.1%
Nantahala Capital Management 1.54M -259.08K -14.4%

Financial report summary

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Competition
Bancorp Inc. (The)
Management Discussion
  • The Company recorded net income of $28.0 million, or $0.84 per diluted share, for the three months ended December 31, 2020, compared to net income of $21.1 million, or $0.56 per diluted share, that was recorded for the fiscal 2020 first quarter. Total revenue for the fiscal 2021 first quarter was $111.5 million, compared to $102.1 million for the same quarter in fiscal 2020, an increase of 9%.
  • During the fiscal 2021 first quarter, the Company recognized net interest income of $66.0 million, NIM of 4.65% and net interest margin, tax-equivalent ("NIM, TE") of 4.67%. The Company's average gross loans and leases decreased by $239.5 million, or 6%, while average noninterest-bearing deposits increased by $2.15 billion, or 79%, when compared to the same quarter in fiscal 2020. Average deposits from the payments divisions for the fiscal 2021 first quarter increased nearly 83% to $5.07 billion when compared to the same quarter in fiscal 2020. A significant portion of the year-over-year increase reflected the Company's participation in the EIP program, as described further below. The growth in deposits led to excess cash balances held at the Federal Reserve during the fiscal 2021 first quarter. This increase in lower yielding cash balances resulted in a net drag to the net interest margin. Overall, the Company's cost of funds for all deposits and borrowings averaged 0.15% during the fiscal 2021 first quarter, compared to 1.01% during the prior year quarter, primarily due to a decrease in overnight borrowings rates as well as an increase in the average balance of the Company's noninterest-bearing deposits.
  • Noninterest income for the three months ended December 31, 2020 was $45.5 million, compared to $37.5 million for the same period of the prior year. This was primarily due to an increase within gain on sale of other, an increase in other income, and an increase in payments cards and deposit fees, partially offset by a decrease in rental income. The increase within gain on sale of other was primarily due to a loss on sale of foreclosed and repossessed assets recognized during the first quarter of fiscal year 2020.
Content analysis
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