Zacks Investment Research upgraded shares of Meta Financial Group (NASDAQ:CASH) from a hold rating to a strong-buy rating in a research report sent to investors on Friday. Zacks Investment Research currently has $118.00 price objective on the savings and loans company’s stock.

According to Zacks, “Meta Financial Group, Inc. is the holding company for federally chartered savings bank MetaBank, Member FDIC. Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries: MetaBank, its retail banking division; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium finance division; and Refund Advantage, its tax refund-transfer software division. The synergies among the four provide a unique business model for the company. “

CASH has been the topic of several other research reports. Lake Street Capital initiated coverage on Meta Financial Group in a research report on Monday, January 8th. They set a buy rating and a $120.00 price target on the stock. BidaskClub lowered Meta Financial Group from a buy rating to a hold rating in a research report on Wednesday, December 27th. B. Riley raised Meta Financial Group from a neutral rating to a buy rating and set a $95.00 price target on the stock in a research report on Wednesday, November 1st. FBR & Co raised Meta Financial Group from a neutral rating to a buy rating and set a $95.00 price target on the stock in a research 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 research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $115.60.

Shares of Meta Financial Group (NASDAQ:CASH) traded up $1.95 during trading on Friday, reaching $104.85. The company had a trading volume of 55,400 shares, compared to its average volume of 80,269. Meta Financial Group has a 1-year low of $60.70 and a 1-year high of $105.50. The firm has a market cap of $1,013.36, a price-to-earnings ratio of 21.89 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 0.55.

Meta Financial Group (NASDAQ:CASH) last announced its earnings results on Monday, October 30th. The savings and loans company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $1.38. Meta Financial Group had a return on equity of 15.91% and a net margin of 16.03%. analysts anticipate that Meta Financial Group will post 7.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Thursday, December 7th. Meta Financial Group’s dividend payout ratio (DPR) is 10.86%.

Several hedge funds have recently bought and sold shares of CASH. Second Curve Capital LLC increased its holdings in shares of 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 acquiring an additional 115,400 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Meta Financial Group by 1,247.4% during the 3rd quarter. Principal Financial Group Inc. now owns 71,248 shares of the savings and loans company’s stock worth $5,586,000 after acquiring an additional 65,960 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Meta Financial Group by 115.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 103,779 shares of the savings and loans company’s stock worth $8,137,000 after acquiring an additional 55,590 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Meta Financial Group during the 3rd quarter worth approximately $3,958,000. Finally, Patriot Financial Partners GP LP increased its holdings in shares of 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 acquiring an additional 50,000 shares during the last quarter. 76.86% of the stock is currently owned by institutional investors and hedge funds.

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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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