Meta Financial Group (NASDAQ:CASH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday.

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. “

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $125.00 target price on shares of Meta Financial Group in a research report on Thursday. BidaskClub downgraded shares of Meta Financial Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. B. Riley boosted their target price on shares of Meta Financial Group from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. FBR & Co restated a “hold” rating and set a $95.00 target price on shares of Meta Financial Group in a research report on Wednesday, October 11th. Finally, Lake Street Capital began coverage on shares of Meta Financial Group in a research report on Monday, January 8th. They set a “buy” rating and a $120.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Meta Financial Group has an average rating of “Buy” and an average price target of $115.80.

Meta Financial Group (NASDAQ:CASH) traded down $0.10 during midday trading on Monday, reaching $103.75. 67,200 shares of the company were exchanged, compared to its average volume of 92,344. The firm has a market capitalization of $1,002.73, a P/E ratio of 21.66 and a beta of 0.90. Meta Financial Group has a 52 week low of $60.70 and a 52 week high of $106.74. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.20.

Meta Financial Group (NASDAQ:CASH) last posted its earnings results on Monday, October 30th. The savings and loans company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $1.38. Meta Financial Group had a net margin of 3.21% and a return on equity of 1.62%. equities analysts predict that Meta Financial Group will post 7.03 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in Meta Financial Group by 7.2% in the third quarter. Dimensional Fund Advisors LP now owns 467,964 shares of the savings and loans company’s stock valued at $36,689,000 after buying an additional 31,433 shares in the last quarter. Second Curve Capital LLC increased its holdings in Meta Financial Group by 37.4% in the third quarter. Second Curve Capital LLC now owns 424,132 shares of the savings and loans company’s stock valued at $33,252,000 after buying an additional 115,400 shares in the last quarter. Patriot Financial Partners GP LP increased its holdings in Meta Financial Group by 14.4% in the third quarter. Patriot Financial Partners GP LP now owns 397,069 shares of the savings and loans company’s stock valued at $31,130,000 after buying an additional 50,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in Meta Financial Group by 5.0% in the second quarter. Vanguard Group Inc. now owns 381,675 shares of the savings and loans company’s stock valued at $33,970,000 after buying an additional 18,144 shares in the last quarter. Finally, Ashford Capital Management Inc. increased its holdings in Meta Financial Group by 3.7% in the third quarter. Ashford Capital Management Inc. now owns 295,115 shares of the savings and loans company’s stock valued at $23,137,000 after buying an additional 10,541 shares in the last quarter. 76.73% of the stock is owned by institutional investors.

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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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