BidaskClub Lowers Meta Financial Group (CASH) to Sell

BidaskClub downgraded shares of Meta Financial Group (NASDAQ:CASH) from a hold rating to a sell rating in a research note issued to investors on Saturday.

A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Meta Financial Group from a sell rating to a hold rating in a report on Tuesday, January 2nd. B. Riley set a $100.00 target price on Meta Financial Group and gave the company a buy rating in a report on Thursday, November 16th. FBR & Co upgraded Meta Financial Group from a neutral rating to a buy rating and set a $95.00 target price for the company in a report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and set a $88.00 price target on shares of Meta Financial Group in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Meta Financial Group currently has an average rating of Buy and an average target price of $100.60.

Meta Financial Group (NASDAQ:CASH) opened at $91.25 on Friday. The stock has a market capitalization of $883.03, a price-to-earnings ratio of 19.01 and a beta of 0.90. Meta Financial Group has a fifty-two week low of $60.70 and a fifty-two week high of $106.90. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.20.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, December 7th. Meta Financial Group’s dividend payout ratio (DPR) is 10.83%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Meta Financial Group by 7.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 467,964 shares of the savings and loans company’s stock worth $36,689,000 after buying an additional 31,433 shares during the last quarter. Second Curve Capital LLC lifted its holdings in Meta Financial Group by 37.4% during the 3rd quarter. Second Curve Capital LLC now owns 424,132 shares of the savings and loans company’s stock worth $33,252,000 after buying an additional 115,400 shares during the last quarter. Patriot Financial Partners GP LP lifted its holdings in Meta Financial Group by 14.4% during the 3rd quarter. Patriot Financial Partners GP LP now owns 397,069 shares of the savings and loans company’s stock worth $31,130,000 after buying an additional 50,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in 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 buying an additional 18,144 shares during the last quarter. Finally, Ashford Capital Management Inc. lifted its holdings in Meta Financial Group by 3.7% during the 3rd quarter. Ashford Capital Management Inc. now owns 295,115 shares of the savings and loans company’s stock worth $23,137,000 after buying an additional 10,541 shares during the last quarter. 76.89% of the stock is owned by institutional investors.

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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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