Meta Financial Group, Inc. (NASDAQ:CASH) – Research analysts at FBR & Co boosted their Q4 2018 earnings estimates for Meta Financial Group in a research report issued on Tuesday. FBR & Co analyst S. Moss now expects that the savings and loans company will post earnings per share of $1.27 for the quarter, up from their previous estimate of $1.06. FBR & Co currently has a “Buy” rating and a $95.00 target price on the stock.

Other equities analysts also recently issued reports about the company. B. Riley raised Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Wednesday. Zacks Investment Research raised shares of Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $100.00 price target on the stock in a report on Wednesday. BidaskClub raised shares of Meta Financial Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $88.00 price target on shares of Meta Financial Group in a report on Thursday, October 12th. Finally, ValuEngine lowered shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Meta Financial Group has a consensus rating of “Buy” and an average price target of $94.50.

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In other news, Director Frederick V. Moore bought 1,393 shares of the stock in a transaction dated Wednesday, September 20th. The shares were acquired at an average cost of $71.70 per share, with a total value of $99,878.10. Following the purchase, the director now directly 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 this link. Also, Director Frederick V. Moore sold 450 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $71.75, for a total transaction of $32,287.50. Following the sale, the director now directly owns 100 shares in the company, valued at $7,175. The disclosure for this sale can be found here. Corporate insiders own 6.06% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of Meta Financial Group by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 436,757 shares of the savings and loans company’s stock worth $38,653,000 after purchasing an additional 16,426 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Meta Financial Group by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 381,675 shares of the savings and loans company’s stock worth $33,970,000 after purchasing an additional 18,144 shares during the last quarter. Ashford Capital Management Inc. raised its position in shares of Meta Financial Group by 1.0% during the 2nd quarter. Ashford Capital Management Inc. now owns 284,574 shares of the savings and loans company’s stock worth $25,327,000 after purchasing an additional 2,813 shares during the last quarter. State Street Corp raised its position in shares of Meta Financial Group by 0.7% during the 2nd quarter. State Street Corp now owns 155,087 shares of the savings and loans company’s stock worth $13,805,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Meta Financial Group by 7.8% during the 2nd quarter. Northern Trust Corp now owns 133,071 shares of the savings and loans company’s stock worth $11,843,000 after purchasing an additional 9,653 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

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.

Earnings History and Estimates for Meta Financial Group (NASDAQ:CASH)

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