Meta Financial Group, Inc. (CASH) Rating Reiterated by FBR & Co

Meta Financial Group, Inc. (NASDAQ:CASH)‘s stock had its “hold” rating reiterated by research analysts at FBR & Co in a research report issued on Wednesday. They currently have a $95.00 price target on the savings and loans company’s stock. FBR & Co’s price target would suggest a potential upside of 16.64% from the company’s current price. FBR & Co also issued estimates for Meta Financial Group’s FY2017 earnings at $4.25 EPS, Q1 2018 earnings at $0.50 EPS and Q3 2018 earnings at $1.37 EPS.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $121.00 price objective on shares of Meta Financial Group in a research report on Thursday, July 27th. BidaskClub upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, ValuEngine lowered shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Meta Financial Group presently has a consensus rating of “Hold” and a consensus target price of $91.50.

Shares of Meta Financial Group (NASDAQ:CASH) opened at 81.45 on Wednesday. Meta Financial Group has a one year low of $60.70 and a one year high of $106.90. The company’s 50-day moving average is $74.19 and its 200-day moving average is $82.26. The stock has a market capitalization of $761.48 million, a P/E ratio of 15.02 and a beta of 0.88.

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In other Meta Financial Group news, Chairman J Tyler Haahr sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $73.07, for a total transaction of $365,350.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frederick V. Moore bought 1,393 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were bought at an average price of $71.70 per share, for a total transaction of $99,878.10. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at approximately $7,170. The disclosure for this purchase can be found here. 6.06% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. 1st Global Advisors Inc. boosted its position in shares of Meta Financial Group by 1.3% during the 2nd quarter. 1st Global Advisors Inc. now owns 2,461 shares of the savings and loans company’s stock worth $219,000 after purchasing an additional 32 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Meta Financial Group by 1.4% during the 1st quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock worth $490,000 after purchasing an additional 78 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Meta Financial Group by 6.6% during the 2nd quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock worth $186,000 after purchasing an additional 130 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Meta Financial Group by 0.4% during the 1st quarter. AQR Capital Management LLC now owns 32,982 shares of the savings and loans company’s stock worth $2,919,000 after purchasing an additional 135 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Meta Financial Group by 2.1% during the 1st quarter. Teachers Advisors LLC now owns 14,134 shares of the savings and loans company’s stock worth $1,251,000 after purchasing an additional 297 shares in the last quarter. Institutional investors own 74.23% of the company’s stock.

About Meta Financial Group

Meta Financial Group, Inc 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.

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