Meta Financial Group, Inc. (NASDAQ:CASH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday. The brokerage currently has a $100.00 price objective on the savings and loans company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.61% from the stock’s current price.

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. “

A number of other research analysts have also weighed in on CASH. B. Riley FBR, Inc. raised Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a report on Wednesday. FBR & Co raised Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a report on Tuesday. ValuEngine lowered Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $88.00 target price on shares of Meta Financial Group in a report on Thursday, October 12th. Finally, BidaskClub lowered Meta Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Meta Financial Group has an average rating of “Buy” and an average target price of $94.50.

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In other Meta Financial Group news, Director Frederick V. Moore purchased 1,393 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was purchased at an average price of $71.70 per share, for a total transaction of $99,878.10. Following the transaction, the director now owns 100 shares in the company, valued at approximately $7,170. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman J Tyler Haahr sold 5,000 shares of Meta Financial Group stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $73.07, for a total value of $365,350.00. The disclosure for this sale can be found here. Company insiders own 6.06% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CASH. Wells Fargo & Company MN boosted its position in shares of Meta Financial Group by 1.4% during the 1st quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock valued at $490,000 after acquiring an additional 78 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Meta Financial Group by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 54,175 shares of the savings and loans company’s stock valued at $4,794,000 after acquiring an additional 3,532 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Meta Financial Group during the 1st quarter valued at about $122,000. American International Group Inc. boosted its position in shares of Meta Financial Group by 7.1% during the 1st quarter. American International Group Inc. now owns 5,071 shares of the savings and loans company’s stock valued at $449,000 after acquiring an additional 337 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Meta Financial Group by 2.1% during the 1st quarter. Teachers Advisors LLC now owns 14,134 shares of the savings and loans company’s stock valued at $1,251,000 after acquiring an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

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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