Meta Financial Group, Inc. (CASH) Raised to Buy at B. Riley

Meta Financial Group, Inc. (NASDAQ:CASH) was upgraded by investment analysts at B. Riley from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, November 1st. The brokerage presently has a $95.00 price target on the savings and loans company’s stock. B. Riley’s target price would suggest a potential upside of 6.92% from the stock’s previous close.

CASH has been the subject of a number of other 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. BidaskClub cut shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. FBR & Co reissued a “hold” rating and issued a $95.00 price objective on shares of Meta Financial Group in a research note on Wednesday, October 11th. Finally, ValuEngine cut shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Meta Financial Group has a consensus rating of “Buy” and an average price target of $95.75.

Shares of Meta Financial Group (NASDAQ:CASH) opened at $88.85 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.20. The company has a market cap of $842.46, a P/E ratio of 12.49 and a beta of 0.89. Meta Financial Group has a twelve month low of $60.70 and a twelve month high of $106.90.

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In related news, Director Frederick V. Moore bought 1,393 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was bought at an average cost of $71.70 per share, with a total value of $99,878.10. Following the completion of the purchase, the director now owns 100 shares of the company’s stock, valued at approximately $7,170. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick V. Moore sold 450 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $71.75, for a total transaction of $32,287.50. Following the transaction, the director now directly owns 100 shares of the company’s stock, valued at $7,175. The disclosure for this sale can be found here. Company insiders own 6.06% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CASH. Wells Fargo & Company MN grew its stake in Meta Financial Group by 1.4% during the first quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock valued at $490,000 after acquiring an additional 78 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Meta Financial Group by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 54,175 shares of the savings and loans company’s stock valued at $4,794,000 after acquiring an additional 3,532 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Meta Financial Group during the first quarter valued at $122,000. American International Group Inc. grew its stake in Meta Financial Group by 7.1% during the first quarter. American International Group Inc. now owns 5,071 shares of the savings and loans company’s stock valued at $449,000 after acquiring an additional 337 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in Meta Financial Group by 2.1% during the first quarter. Teachers Advisors LLC now owns 14,134 shares of the savings and loans company’s stock valued at $1,251,000 after acquiring an additional 297 shares in the last quarter. 71.36% of the stock is owned by institutional investors.

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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