StockNews.com Begins Coverage of Meta Financial Group (NASDAQ:CASH)

StockNews.com began to cover the shares of Meta Financial Group (NASDAQ:CASH- Get a rating) in a research note released Thursday to investors. The brokerage has set a “hold” rating on the shares of the savings and loan company.

A number of other analysts have also recently released reports on the company. B. Riley raised his price target on Meta Financial Group from $68.00 to $70.00 in a research note on Wednesday, January 12. Zacks Investment Research downgraded Meta Financial Group from a “hold” rating to a “sell” rating in a Tuesday, January 11 research report. One financial analyst has assigned the stock a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned the stock a strong buy rating. According to data from MarketBeat.com, Meta Financial Group has a consensus rating of “Buy” and a consensus target price of $64.00.

Shares of CASH opened at $56.13 on Thursday. The stock’s fifty-day moving average is $55.76 and its two-hundred-day moving average is $57.69. The company has a debt ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $1.68 billion, a P/E ratio of 10.11 and a beta of 0.87. Meta Financial Group has a fifty-two week low of $43.64 and a fifty-two week high of $65.96.

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Meta Financial Group (NASDAQ:CASH- Get a rating) last reported quarterly earnings data on Wednesday, Jan. 26. The savings and loan company reported earnings per share of $0.78 for the quarter, beating consensus analyst estimates of $0.77 by $0.01. The company posted revenue of $158.20 million for the quarter, versus analyst estimates of $115.17 million. Meta Financial Group had a return on equity of 15.89% and a net margin of 28.68%. During the same quarter last year, the company posted EPS of $0.84. On average, stock analysts expect Meta Financial Group to post earnings per share of 4.76 for the current year.

In other news, CFO Glen William Herrick sold 15,145 shares of Meta Financial Group in a trade dated Tuesday, February 1. The stock was sold at an average price of $59.62, for a total value of $902,944.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Also, VPE Sonja Anne Theisen sold 1,066 shares of Meta Financial Group in a trade dated Friday, January 14. The shares were sold at an average price of $62.00, for a total value of $66,092.00. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 18,541 shares of the company valued at $1,108,837. 2.00% of the shares are currently held by insiders.

Several institutional investors and hedge funds have recently changed their positions in CASH. Okabena Investment Services Inc. bought a new position in shares of Meta Financial Group in Q4 worth approximately $55,008,000. State Street Corp increased its stake in shares of Meta Financial Group by 45.9% in the fourth quarter. State Street Corp now owns 1,484,699 shares of the savings and loan company valued at $88,623,000 after purchasing an additional 467,116 shares during the period. Epoch Investment Partners Inc. increased its stake in shares of Meta Financial Group by 70.8% in the 4th quarter. Epoch Investment Partners Inc. now owns 615,731 shares of the savings and loan company valued at $36,735,000 after purchasing an additional 255,324 shares during the period. National Bank of Canada FI acquired a new stake in Meta Financial Group during the fourth quarter with a value of approximately $11,935,000. Finally, JPMorgan Chase & Co. increased its stake in Meta Financial Group by 297.1% during the fourth quarter. JPMorgan Chase & Co. now owns 255,625 shares of the savings and loan company worth $15,251,000 after buying an additional 191,260 shares in the last quarter. Institutional investors and hedge funds own 84.64% of the company’s shares.

Meta Financial Group Company Profile (Get a rating)

Meta Financial Group, Inc operates as a holding company of MetaBank which offers various banking products and services in the United States. It operates through three segments: Consumer, Commercial and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, money market savings accounts and certificate accounts; term loans, asset-based loans, factoring, leasing, insurance premium financing, government guaranteed loans and other commercial financing products; warehouse financing; health care receivables loans; and consumer credit products.

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