Shares of Meta Financial Group, Inc. (NASDAQ:CASH) have been given an average recommendation of “Buy” by the seven brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $116.25.
CASH has been the topic of a number of research analyst reports. ValuEngine downgraded Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 26th. BidaskClub upgraded Meta Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 3rd. B. Riley boosted their target price on Meta Financial Group from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Zacks Investment Research downgraded Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, March 30th.
In related news, Director Frederick V. Moore sold 750 shares of the company’s stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $101.30, for a total value of $75,975.00. Following the transaction, the director now owns 650 shares in the company, valued at $65,845. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of CASH. California Public Employees Retirement System lifted its stake in Meta Financial Group by 25.1% in the third quarter. California Public Employees Retirement System now owns 22,024 shares of the savings and loans company’s stock valued at $1,727,000 after purchasing an additional 4,414 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Meta Financial Group by 12.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 60,582 shares of the savings and loans company’s stock valued at $5,613,000 after purchasing an additional 6,537 shares during the last quarter. James Investment Research Inc. purchased a new position in Meta Financial Group in the fourth quarter valued at approximately $946,000. Texas Permanent School Fund lifted its stake in Meta Financial Group by 20.8% in the fourth quarter. Texas Permanent School Fund now owns 6,142 shares of the savings and loans company’s stock valued at $569,000 after purchasing an additional 1,057 shares during the last quarter. Finally, Northpointe Capital LLC lifted its stake in Meta Financial Group by 407.9% in the fourth quarter. Northpointe Capital LLC now owns 184,738 shares of the savings and loans company’s stock valued at $17,116,000 after purchasing an additional 148,363 shares during the last quarter. Institutional investors and hedge funds own 77.58% of the company’s stock.
Shares of NASDAQ CASH opened at $109.50 on Friday. Meta Financial Group has a twelve month low of $60.70 and a twelve month high of $117.97. The company has a market capitalization of $1.06 billion, a PE ratio of 15.53 and a beta of 1.14. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19.
Meta Financial Group (NASDAQ:CASH) last announced its earnings results on Monday, April 30th. The savings and loans company reported $4.01 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.14). Meta Financial Group had a return on equity of 15.08% and a net margin of 15.40%. The business had revenue of $124.82 million during the quarter, compared to analysts’ expectations of $136.31 million. analysts forecast that Meta Financial Group will post 7.29 EPS for the current fiscal year.
Meta Financial Group Company Profile
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services to individuals, small businesses, financial institutions, and other businesses. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts.
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