Lake Street Capital began coverage on shares of Meta Financial Group (NASDAQ:CASH) in a research note published on Monday, January 8th, MarketBeat Ratings reports. The brokerage issued a buy rating and a $120.00 price objective on the savings and loans company’s stock.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Meta Financial Group from a sell rating to a hold rating in a report on Tuesday, January 2nd. BidaskClub downgraded Meta Financial Group from a buy rating to a hold rating in a report on Wednesday, December 27th. B. Riley upgraded Meta Financial Group from a neutral rating to a buy rating and set a $95.00 price objective on the stock in a report on Wednesday, November 1st. FBR & Co upgraded Meta Financial Group from a neutral rating to a buy rating and set a $95.00 price objective on the stock in a report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods restated a buy rating and set a $88.00 price objective on shares of Meta Financial Group in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $116.60.
Meta Financial Group (CASH) traded down $4.10 during trading on Monday, reaching $109.50. The company had a trading volume of 92,489 shares, compared to its average volume of 73,637. The firm has a market cap of $1,097.93, a price-to-earnings ratio of 21.35 and a beta of 1.13. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.20. Meta Financial Group has a 12-month low of $60.70 and a 12-month high of $117.97.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.60 by $0.25. The firm had revenue of $58.46 million for the quarter, compared to analyst estimates of $54.47 million. Meta Financial Group had a return on equity of 16.05% and a net margin of 16.20%. sell-side analysts anticipate that Meta Financial Group will post 7.69 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of CASH. Northpointe Capital LLC increased its holdings in shares of Meta Financial Group by 407.9% in the 4th quarter. Northpointe Capital LLC now owns 184,738 shares of the savings and loans company’s stock valued at $17,116,000 after acquiring an additional 148,363 shares during the last quarter. Second Curve Capital LLC boosted its position 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 purchasing an additional 115,400 shares during the period. American Century Companies Inc. acquired a new position in Meta Financial Group during the 4th quarter valued at approximately $6,409,000. Principal Financial Group Inc. boosted its position in Meta Financial Group by 1,247.4% during the 3rd quarter. Principal Financial Group Inc. now owns 71,248 shares of the savings and loans company’s stock valued at $5,586,000 after purchasing an additional 65,960 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Meta Financial Group by 115.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 103,779 shares of the savings and loans company’s stock valued at $8,137,000 after purchasing an additional 55,590 shares during the period. Institutional investors and hedge funds own 78.41% of the company’s stock.
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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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