Brokerages Set Meta Financial Group Inc. (CASH) PT at $35.67

Meta Financial Group Inc. (NASDAQ:CASH) has been assigned an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $35.67.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Meta Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. BidaskClub raised Meta Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st.

In other Meta Financial Group news, CEO Bradley C. Hanson bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was acquired at an average price of $21.43 per share, with a total value of $428,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Glen William Herrick bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The shares were acquired at an average cost of $21.02 per share, with a total value of $105,100.00. Following the purchase, the chief financial officer now directly owns 209,108 shares of the company’s stock, valued at $4,395,450.16. The disclosure for this purchase can be found here. In the last three months, insiders bought 25,466 shares of company stock valued at $543,505. Insiders own 7.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sippican Capital Advisors grew its stake in Meta Financial Group by 4.4% during the fourth quarter. Sippican Capital Advisors now owns 12,937 shares of the savings and loans company’s stock worth $251,000 after purchasing an additional 547 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Meta Financial Group by 200.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,139 shares of the savings and loans company’s stock worth $41,000 after purchasing an additional 1,426 shares during the period. Legal & General Group Plc grew its stake in Meta Financial Group by 8.5% during the third quarter. Legal & General Group Plc now owns 19,605 shares of the savings and loans company’s stock worth $1,620,000 after purchasing an additional 1,537 shares during the period. MetLife Investment Advisors LLC grew its stake in Meta Financial Group by 56.5% during the third quarter. MetLife Investment Advisors LLC now owns 6,601 shares of the savings and loans company’s stock worth $546,000 after purchasing an additional 2,383 shares during the period. Finally, Baird Financial Group Inc. grew its stake in Meta Financial Group by 3.2% during the third quarter. Baird Financial Group Inc. now owns 90,604 shares of the savings and loans company’s stock worth $7,379,000 after purchasing an additional 2,773 shares during the period. 40.38% of the stock is owned by institutional investors and hedge funds.

CASH opened at $24.89 on Tuesday. The firm has a market cap of $1.00 billion, a PE ratio of 11.60 and a beta of 1.32. Meta Financial Group has a 52-week low of $18.01 and a 52-week high of $39.28. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12.

Meta Financial Group (NASDAQ:CASH) last released its earnings results on Monday, January 28th. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $98.02 million for the quarter, compared to analyst estimates of $98.55 million. Meta Financial Group had a return on equity of 11.61% and a net margin of 15.76%. Equities analysts forecast that Meta Financial Group will post 2.52 earnings per share for the current year.

About Meta Financial Group

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. The company accepts various deposit products, including statement savings accounts, money market savings accounts, negotiable order of withdrawal accounts, and checking accounts; and deposits related to prepaid cards, which primarily comprise checking accounts and certificate accounts.

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