Meta Financial Group (NASDAQ:CASH) Upgraded to Buy by BidaskClub

BidaskClub upgraded shares of Meta Financial Group (NASDAQ:CASH) from a hold rating to a buy rating in a research note published on Saturday, BidAskClub reports.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research raised Meta Financial Group from a hold rating to a strong-buy rating and set a $36.00 target price for the company in a research report on Thursday, August 1st. B. Riley set a $38.00 target price on Meta Financial Group and gave the company a buy rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $37.50.

Shares of NASDAQ CASH opened at $33.99 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $30.71 and a two-hundred day simple moving average of $26.24. The firm has a market cap of $1.29 billion, a PE ratio of 12.10 and a beta of 1.28. Meta Financial Group has a twelve month low of $17.84 and a twelve month high of $34.81.

Meta Financial Group (NASDAQ:CASH) last issued its earnings results on Tuesday, July 30th. The savings and loans company reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.25. The business had revenue of $110.76 million during the quarter. Meta Financial Group had a return on equity of 11.64% and a net margin of 16.57%. On average, research analysts expect that Meta Financial Group will post 2.76 earnings per share for the current year.

The company also recently announced a — dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.05 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 9th. Meta Financial Group’s dividend payout ratio (DPR) is presently 7.12%.

In other Meta Financial Group news, Director William David Tull sold 14,934 shares of Meta Financial Group stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $28.12, for a total transaction of $419,944.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 101,446 shares of company stock valued at $2,753,469. 7.69% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of Meta Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 896 shares of the savings and loans company’s stock worth $25,000 after acquiring an additional 649 shares in the last quarter. Panagora Asset Management Inc. bought a new position in shares of Meta Financial Group in the 2nd quarter worth $49,000. C M Bidwell & Associates Ltd. bought a new position in shares of Meta Financial Group in the 2nd quarter worth $53,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Meta Financial Group by 99.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,862 shares of the savings and loans company’s stock worth $80,000 after acquiring an additional 1,427 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Meta Financial Group by 96,733.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,810 shares of the savings and loans company’s stock worth $114,000 after acquiring an additional 5,804 shares in the last quarter. 75.23% of the stock is owned by hedge funds and other institutional investors.

Meta Financial Group Company Profile

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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