Meta Financial Group (NASDAQ:CASH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday, January 12th. The brokerage currently has a $119.00 price objective on the savings and loans company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 13.50% from the stock’s current price.
According to Zacks, “Meta Financial Group, Inc. is the holding company for federally chartered savings bank MetaBank, Member FDIC. Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries: MetaBank, its retail banking division; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium finance division; and Refund Advantage, its tax refund-transfer software division. The synergies among the four provide a unique business model for the company. “
Other research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $125.00 price target on shares of Meta Financial Group in a report on Thursday, January 11th. B. Riley raised their price target on shares of Meta Financial Group from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Lake Street Capital initiated coverage on shares of Meta Financial Group in a research report on Monday, January 8th. They set a “buy” rating and a $120.00 price objective for the company. FBR & Co raised shares of Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Tuesday, October 31st. Finally, BidaskClub raised shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $115.60.
Shares of Meta Financial Group (NASDAQ CASH) traded up $1.95 during midday trading on Friday, reaching $104.85. 55,400 shares of the company were exchanged, compared to its average volume of 80,269. The company has a market cap of $1,010.00, a price-to-earnings ratio of 21.84 and a beta of 0.90. Meta Financial Group has a 1-year low of $60.70 and a 1-year high of $105.50. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20.
Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings data on Monday, October 30th. The savings and loans company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $1.38. Meta Financial Group had a net margin of 16.03% and a return on equity of 15.91%. analysts predict that Meta Financial Group will post 7.52 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Meta Financial Group by 7.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 467,964 shares of the savings and loans company’s stock valued at $36,689,000 after purchasing an additional 31,433 shares during the period. Second Curve Capital LLC lifted its stake in Meta Financial Group by 37.4% during the 3rd quarter. Second Curve Capital LLC now owns 424,132 shares of the savings and loans company’s stock valued at $33,252,000 after acquiring an additional 115,400 shares in the last quarter. Patriot Financial Partners GP LP lifted its stake in Meta Financial Group by 14.4% during the 3rd quarter. Patriot Financial Partners GP LP now owns 397,069 shares of the savings and loans company’s stock valued at $31,130,000 after acquiring an additional 50,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in Meta Financial Group by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 381,675 shares of the savings and loans company’s stock valued at $33,970,000 after acquiring an additional 18,144 shares in the last quarter. Finally, Ashford Capital Management Inc. lifted its stake in Meta Financial Group by 3.7% during the 3rd quarter. Ashford Capital Management Inc. now owns 295,115 shares of the savings and loans company’s stock valued at $23,137,000 after acquiring an additional 10,541 shares in the last quarter. 76.86% of the stock is owned by institutional investors and hedge funds.
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Meta Financial Group Company Profile
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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