Meta Financial Group (NASDAQ:CASH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage currently has a $129.00 price objective on the savings and loans company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 13.11% from the stock’s previous close.
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. “
CASH has been the subject of several other research reports. B. Riley raised their price target on Meta Financial Group from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Lake Street Capital began coverage on Meta Financial Group in a report on Monday, January 8th. They set a “buy” rating and a $120.00 price target for the company. BidaskClub cut Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $125.00 price objective on shares of Meta Financial Group in a research report on Thursday, January 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $118.80.
Shares of Meta Financial Group (NASDAQ:CASH) traded down $0.80 during trading on Tuesday, reaching $114.05. The company’s stock had a trading volume of 38,928 shares, compared to its average volume of 67,819. Meta Financial Group has a fifty-two week low of $60.70 and a fifty-two week high of $117.97. The firm has a market cap of $1,124.29, a P/E ratio of 22.23 and a beta of 1.19. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.20.
Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.25. Meta Financial Group had a return on equity of 16.05% and a net margin of 16.20%. The business had revenue of $58.46 million during the quarter, compared to the consensus estimate of $54.47 million. sell-side analysts expect that Meta Financial Group will post 7.69 EPS for the current year.
A number of hedge funds have recently bought and sold shares of the business. Ashford Capital Management Inc. increased its position in shares of Meta Financial Group by 15.8% in the fourth quarter. Ashford Capital Management Inc. now owns 341,617 shares of the savings and loans company’s stock worth $31,651,000 after purchasing an additional 46,502 shares during the period. MetLife Investment Advisors LLC bought a new position in shares of Meta Financial Group in the fourth quarter worth $391,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Meta Financial Group by 42.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 3,000 shares of the savings and loans company’s stock worth $278,000 after purchasing an additional 900 shares during the period. Deutsche Bank AG increased its position in shares of Meta Financial Group by 139.9% in the fourth quarter. Deutsche Bank AG now owns 20,167 shares of the savings and loans company’s stock worth $1,867,000 after purchasing an additional 11,759 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Meta Financial Group in the fourth quarter worth $2,800,000. Hedge funds and other institutional investors own 78.95% of the company’s stock.
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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