Several analysts have recently updated their ratings and price targets for Meta Financial Group (NASDAQ: CASH):

  • 11/16/2017 – Meta Financial Group was given a new $100.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 11/15/2017 – Meta Financial Group was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. “
  • 11/1/2017 – Meta Financial Group was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $95.00 price target on the stock.
  • 11/1/2017 – Meta Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $100.00 price target on the stock. 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. “
  • 10/31/2017 – Meta Financial Group was upgraded by analysts at FBR & Co from a “neutral” rating to a “buy” rating. They now have a $95.00 price target on the stock. They wrote, “We raise our rating on CASH to Buy, from Neutral. CASH reported a solid 4Q17, driven by solid fee income and lower-than-expected credit costs and expenses. Importantly, CASH’s continued balance sheet growth and solid fee income, combined with its prior update for the upcoming 2018 tax season, bode well for FY18 results. CASH trades at just 11.5x our 2018 estimate, which we consider attractive: CASH has plugged the gap from the loss of the H&R Block business (~56% of 2017 originations) and announced multiyear agreements with all of its RA partners. We think the multiyear agreements, combined with continued solid results from CASH’s prepaid business and loan growth, should increase confidence in its earnings outlook and increase CASH’s value.””
  • 10/12/2017 – Meta Financial Group had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $88.00 price target on the stock.
  • 10/11/2017 – Meta Financial Group had its “hold” rating reaffirmed by analysts at FBR & Co. They now have a $95.00 price target on the stock.
  • 9/27/2017 – Meta Financial Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “

Shares of Meta Financial Group, Inc. (CASH) traded up $1.25 during trading hours on Friday, hitting $87.40. The stock had a trading volume of 24,545 shares, compared to its average volume of 79,724. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.55 and a quick ratio of 0.37. The firm has a market capitalization of $817.19, a price-to-earnings ratio of 12.13 and a beta of 0.89. Meta Financial Group, Inc. has a 12-month low of $60.70 and a 12-month high of $106.90.

In related news, Director Frederick V. Moore acquired 1,393 shares of Meta Financial Group stock in a transaction that occurred on Wednesday, September 20th. The shares were purchased at an average price of $71.70 per share, for a total transaction of $99,878.10. Following the completion of the transaction, the director now owns 100 shares in the company, valued at approximately $7,170. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick V. Moore sold 450 shares of Meta Financial Group stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $71.75, for a total value of $32,287.50. Following the transaction, the director now owns 100 shares in the company, valued at approximately $7,175. The disclosure for this sale can be found here. Insiders own 6.06% of the company’s stock.

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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