Meta Financial Group (CASH) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Meta Financial Group (NASDAQ:CASH) from a hold rating to a buy rating in a research report released on Wednesday morning.

CASH has been the subject of several other research reports. Keefe, Bruyette & Woods reissued a buy rating and issued a $88.00 price objective on shares of Meta Financial Group in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Meta Financial Group from a sell rating to a hold rating in a research note on Wednesday, September 27th. B. Riley set a $100.00 price objective on shares of Meta Financial Group and gave the company a buy rating in a research note on Thursday, November 16th. FBR & Co reiterated a hold rating and issued a $95.00 price target on shares of Meta Financial Group in a research note on Wednesday, October 11th. Finally, ValuEngine downgraded shares of Meta Financial Group from a strong-buy rating to a buy rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $95.75.

Meta Financial Group (NASDAQ:CASH) traded up $0.40 during midday trading on Wednesday, hitting $94.90. 61,800 shares of the stock traded hands, compared to its average volume of 80,989. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Meta Financial Group has a twelve month low of $60.70 and a twelve month high of $106.90. The stock has a market capitalization of $913.48, a price-to-earnings ratio of 13.48 and a beta of 0.90.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.13 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.52 dividend on an annualized basis and a yield of 0.55%. Meta Financial Group’s dividend payout ratio is currently 10.86%.

A number of institutional investors have recently modified their holdings of the stock. 1st Global Advisors Inc. lifted its stake in Meta Financial Group by 1.3% in the second quarter. 1st Global Advisors Inc. now owns 2,461 shares of the savings and loans company’s stock worth $219,000 after acquiring an additional 32 shares during the last quarter. Legal & General Group Plc lifted its stake in Meta Financial Group by 6.6% in the second quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock worth $186,000 after acquiring an additional 130 shares during the last quarter. Teachers Advisors LLC lifted its stake in Meta Financial Group by 2.1% in the first quarter. Teachers Advisors LLC now owns 14,134 shares of the savings and loans company’s stock worth $1,251,000 after acquiring an additional 297 shares during the last quarter. Voya Investment Management LLC lifted its stake in Meta Financial Group by 8.2% in the second quarter. Voya Investment Management LLC now owns 4,699 shares of the savings and loans company’s stock worth $418,000 after acquiring an additional 356 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Meta Financial Group by 31.3% in the second quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock worth $161,000 after acquiring an additional 430 shares during the last quarter. Institutional investors own 76.89% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Meta Financial Group (CASH) Upgraded by BidaskClub to “Buy”” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/12/21/meta-financial-group-cash-upgraded-by-bidaskclub-to-buy.html.

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.

Receive News & Ratings for Meta Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit