Meta Financial Group Inc. (CASH) Given Consensus Rating of “Buy” by Analysts

Meta Financial Group Inc. (NASDAQ:CASH) has been assigned an average rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $116.60.

CASH has been the topic of several research analyst reports. BidaskClub upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research lowered shares of Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. B. Riley upgraded shares of 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, November 1st. Lake Street Capital initiated 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 on the stock. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $125.00 target price on shares of Meta Financial Group in a research report on Thursday, January 11th.

Several institutional investors have recently modified their holdings of CASH. Schwab Charles Investment Management Inc. boosted its position in shares of Meta Financial Group by 52.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 57,354 shares of the savings and loans company’s stock valued at $5,105,000 after acquiring an additional 19,732 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Meta Financial Group by 6.6% during the 2nd quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock valued at $186,000 after acquiring an additional 130 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Meta Financial Group during the 2nd quarter valued at about $266,000. Swiss National Bank boosted its position in shares of Meta Financial Group by 11.3% during the 2nd quarter. Swiss National Bank now owns 14,800 shares of the savings and loans company’s stock valued at $1,317,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Meta Financial Group by 23.5% during the 2nd quarter. Wells Fargo & Company MN now owns 6,833 shares of the savings and loans company’s stock valued at $608,000 after acquiring an additional 1,302 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Shares of Meta Financial Group (NASDAQ CASH) opened at $107.65 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1,062.80, a price-to-earnings ratio of 20.98 and a beta of 1.13. Meta Financial Group has a 12-month low of $60.70 and a 12-month high of $117.97.

Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.25. The company had revenue of $58.46 million for the quarter, compared to analyst estimates of $54.47 million. Meta Financial Group had a net margin of 16.20% and a return on equity of 16.05%. sell-side analysts predict that Meta Financial Group will post 7.69 earnings per share for the current fiscal year.

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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.

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