Keefe, Bruyette & Woods restated their buy rating on shares of Meta Financial Group (NASDAQ:CASH) in a research note issued to investors on Thursday, January 11th. The firm currently has a $125.00 price objective on the savings and loans company’s stock.
Several other brokerages have also commented on CASH. FBR & Co upgraded Meta Financial Group from a neutral rating to a buy rating and set a $95.00 target price for the company in a research report on Tuesday, October 31st. B. Riley increased their price target on Meta Financial Group from $100.00 to $120.00 and gave the stock a buy rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded Meta Financial Group from a sell rating to a hold rating in a research report on Wednesday, September 27th. BidaskClub lowered Meta Financial Group from a hold rating to a sell rating in a research report on Saturday, January 6th. Finally, Lake Street Capital began coverage on Meta Financial Group in a research report on Monday, January 8th. They set a buy rating and a $120.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $116.60.
Shares of Meta Financial Group (CASH) traded up $3.65 during trading hours on Thursday, hitting $110.40. 50,735 shares of the stock were exchanged, compared to its average volume of 75,624. The company has a market cap of $1,040.00, a price-to-earnings ratio of 21.16 and a beta of 1.13. Meta Financial Group has a 1 year low of $60.70 and a 1 year high of $117.97. 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 (NASDAQ:CASH) last issued its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 EPS for the quarter, topping the Zacks’ 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 net margin of 16.20% and a return on equity of 16.05%. research analysts forecast that Meta Financial Group will post 7.69 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Meta Financial Group during the 2nd quarter worth about $112,000. Malaga Cove Capital LLC acquired a new stake in Meta Financial Group during the third quarter worth approximately $111,000. Victory Capital Management Inc. lifted its position in Meta Financial Group by 31.3% during the second quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock worth $161,000 after acquiring an additional 430 shares during the last quarter. LS Investment Advisors LLC acquired a new stake in Meta Financial Group during the third quarter worth approximately $152,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Meta Financial Group during the third quarter worth approximately $165,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.
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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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