CASH Meta Financial Group, Inc.

Meta Financial Group, Inc. operates as a financial holding company, which provides savings and loan services. The company operates through the following business segments: Payments, Banking, and Corporate Services & Other. The Payments segment provides MPS, refund advantage, EPS, SCS, and other tax services. The Banking segment provides lending and retail bank services. The Corporate Services & Other segment provides investment portfolio, wholesale deposits and borrowings services. Meta Financial Group was founded on June 14, 1993 and is headquartered in Sioux Falls, SD.

Company profile

Ticker

CASH

Exchange

NASDAQ

Website

www.metafinancialgroup.com

CEO

Bradley C. Hanson

Incorporated in

Delaware

Location

South Dakota

Fiscal year end

Sep 30

Sector

Finance > Major Banks

Industry (SEC)

National Commercial Banks

The PNC Financial Services Group Inc • Shinhan Financial • Capital One Financial • Bank of America • Regions Financial • JPMorgan Chase & Co. • Keycorp • Santander Holdings USA • Citigroup • MUFG Americas ...

Former names

First Midwest Financial Inc

SEC CIK

0000907471

Corporate docs

Articles of Incorporation & Bylaws

IRS number

421406262

CASH stock data

S&P 500

1M 1Y 2Y 5Y

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

7 May 20

9 Jul 20

30 Sep 20

News

Company financial data Financial data

Chart CASH financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	188.25M	102.13M	101.6M	110.76M
Net income	53.61M	22.25M	21.46M	30.34M
Diluted EPS	1.45	0.56	0.53	0.75
Net profit margin	28.48%	21.78%	21.12%	27.39%
Net change in cash	-43.46M	25.64M	25.81M	-55.73M
Cash on hand	108.73M	152.19M	126.55M	100.73M

Annual (USD)	Sep 19	Sep 18	Sep 17	Sep 16
Revenue	486.75M	158.53M	108.1M	81.4M
Net income	101.32M	52.29M	44.92M	33.22M
Diluted EPS	2.49	1.67	1.61	1.3
Net profit margin	20.81%	32.99%	41.55%	40.81%
Net change in cash	26.57M	-1.17B	493.76M	746.17M
Cash on hand	126.55M	99.98M	1.27B	773.83M

Financial data from company earnings reports

Recent insider trades

CASH insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
23 Jun 20	Pharr Brett L.	Common Stock	Grant	Aquire A	No	0	6,000	0	27,122
23 Jun 20	Sharett Anthony M.	Common Stock	Grant	Aquire A	No	0	6,000	0	14,000
9 Jun 20	Moore Frederick V	Common Stock	Sell	Dispose S	No	20.66	3,300	68.18K	1,380
5 Jun 20	Tull William David	Common Stock	Sell	Dispose S	No	21.26	52,999	1.13M	284,000
5 Jun 20	Tull William David	Common Stock	Gift	Aquire G	No	0	52,999	0	336,999
5 Jun 20	Tull William David	Common Stock	Gift	Dispose G	No	0	52,999	0	284,000
4 Jun 20	Tull William David	Common Stock	Sell	Dispose S	No	19.74	46,005	908.14K	284,000
25 Mar 20	Tull William David	Common Stock	Gift	Aquire G	No	0	3,350	0	330,005
25 Mar 20	Tull William David	Common Stock	Gift	Dispose G	No	0	3,350	0	0

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

CASH institutional ownership history Ownership history

76.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	153	166	-7.8%
Opened positions	23	29	-20.7%
Closed positions	36	27	+33.3%
Increased positions	54	50	+8.0%
Reduced positions	58	64	-9.4%

13F shares	Current	Prev Q	Change
Total value	3.72B	1.44B	+159.3%
Total shares	26.57M	27.9M	-4.8%
Total puts	0	23.8K	EXIT
Total calls	0	40.3K	EXIT
Total put/call ratio	–	0.6	–

Largest owners	Shares	Value	Change
BLK BlackRock	5.13M	$111.37M	+3.5%
Vanguard	2.2M	$47.78M	+0.5%
Dimensional Fund Advisors	1.81M	$39.39M	-4.9%
Nantahala Capital Management	1.8M	$39.09M	0.0%
FRLG Goldman Sachs	1.6M	$34.68M	+32.8%
Patriot Financial Partners GP	1.23M	$26.71M	-9.3%
STT State Street	1.05M	$22.79M	+5.1%
Cranbrook Wealth Management	867.27K	$18.84M	-5.5%
Ashford Capital Management	582.49K	$12.65M	-42.8%
Nuveen Asset Management	545.45K	$11.85M	-7.3%

Largest transactions	Shares	Bought/sold	Change
Second Curve Capital	0	-468.77K	EXIT
Ashford Capital Management	582.49K	-436.47K	-42.8%
FRLG Goldman Sachs	1.6M	+394.71K	+32.8%
SF Stifel Financial	18.98K	-358K	-95.0%
Steamboat Capital Partners	379.57K	-350.36K	-48.0%
LSV Asset Management	355.31K	+343.71K	+2961.5%
Ziegler Capital Management	291.98K	+291.98K	NEW
Arrowstreet Capital, Limited Partnership	171.6K	-254.75K	-59.8%
WSTD Western Standard	0	-190.55K	EXIT
BLK BlackRock	5.13M	+173.77K	+3.5%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

The Bancorp, Inc.

Management Discussion

General. The Company recorded net income of $52.3 million, or $1.45 per diluted share, for the three months ended March 31, 2020, compared to net income of $32.1 million, or $0.81 per diluted share, for the three months ended March 31, 2019. Total revenue for the fiscal 2020 second quarter was $188.3 million, compared to $176.4 million for the same quarter in fiscal 2019, an increase of 7%. The increase in net income was primarily due to an increase in noninterest income along with a decrease in noninterest expense.
The Company recorded net income of $73.4 million, or $2.00 per diluted share, for the six months ended March 31, 2020, compared to $47.5 million, or $1.20 per diluted share, for the same period in fiscal year 2019. Total revenue for the six months ended March 31, 2020 was $290.4 million, compared to $274.4 million for the same period of the prior year, an increase of $16.0 million, or 6%.
Net interest income for the fiscal 2020 second quarter decreased by $3.6 million, or 5%, to $67.7 million from $71.4 million for the same quarter in fiscal 2019. The decrease was driven primarily by a decrease in investment security balances along with lower yields realized on the loan and lease portfolios, partially offset by a reduction in total interest expense. The quarterly average outstanding balance of loans and leases as a percentage of interest-earning assets for the three months ended March 31, 2020 increased to 74%, from 65% for the three months ended March 31, 2019, while the quarterly average balance of total investments as a percentage of interest-earning assets decreased to 23% from 30% over that same period.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Bad

New words: accretion, ACH, acknowledged, administered, agreeable, aid, ALLL, American, Arizona, assist, assisting, attack, automatically, begun, BHC, BHCA, broaden, broader, BSA, Bulletin, Bureau, California, ceased, CECL, Center, chain, charter, cleaning, Colorado, Command, commerce, complementary, composition, Concurrent, confidential, confirmed, contacting, convenience, conveniently, convert, converted, coordination, COVID, CRA, cyber, DDA, debit, decline, deferral, DIF, disputed, distancing, divestiture, downturn, element, emerge, emergency, emerging, employment, enacted, enactment, encourage, encouraged, encouraging, enforceable, enforcement, entailed, entertainment, escrow, eventual, exam, examined, experienced, experiencing, face, Facility, facing, faster, FDIC, FHC, FinCEN, flagged, fluidity, focused, FOMC, footprint, forbearance, foremost, forgiven, FRB, goal, governmental, grace, hardship, HOLA, HoldCo, hotel, illegal, impede, incidental, indirectly, infrequently, instability, intensive, interagency, judge, jurisdiction, leadership, lender, lent, LL, macroeconomic, Main, managerial, mandating, meaningfully, merchant, midsize, Minnesota, misuse, modification, moratoria, NBA, Nebraska, niche, Nonaccruing, nonprofit, nonrecurring, North, online, onset, organization, OTTI, outbreak, overdrawn, overlooked, pandemic, Paper, parent, Paycheck, percent, permissibility, permissible, permit, permitted, pooled, pose, PPP, prerequisite, privacy, pro, prolonged, properly, prudent, published, push, put, QTL, rata, recession, recessionary, refine, regular, relief, remit, remote, Restructuring, resume, running, Satisfactory, school, Secrecy, Secretary, sending, settled, single, SLHC, slower, social, societal, solicited, solvent, storage, supervisory, supplementary, target, targeted, text, thereunder, thrift, tighter, tool, transmission, travel, treat, treated, treatment, trending, tribal, trillion, Trump, turbulent, uncollateralized, undercapitalized, undivided, unemployment, unintentional, Union, unusual, vendor, vetted, visibility, volatility, Wisconsin, withstand, workforce, worldwide, worsening

Removed: accrual, attained, automobile, boat, ease, grow, improved, July, NBQ, numerator, obtain, optimization, optimize, remove, replaced, stability, unitary, Wall

From filing 10-Q 2020 Q2