Keefe, Bruyette & Woods restated their buy rating on shares of Meta Financial Group, Inc. (NASDAQ:CASH) in a research report sent to investors on Thursday, July 27th. The firm currently has a $121.00 price target on the savings and loans company’s stock.
A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Meta Financial Group from a hold rating to a buy rating and set a $97.00 price objective for the company in a report on Tuesday, June 27th. BidaskClub upgraded shares of Meta Financial Group from a hold rating to a buy rating in a report on Thursday, July 6th. ValuEngine cut shares of Meta Financial Group from a strong-buy rating to a buy rating in a report on Friday, May 26th. Finally, FBR & Co set a $130.00 price objective on shares of Meta Financial Group and gave the company a buy rating in a report on Thursday, June 1st. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $104.33.
Meta Financial Group (NASDAQ:CASH) traded up 0.14% during mid-day trading on Thursday, hitting $73.20. 50,702 shares of the stock were exchanged. The company’s 50-day moving average price is $86.91 and its 200 day moving average price is $88.38. Meta Financial Group has a 52 week low of $55.58 and a 52 week high of $106.90. The firm has a market capitalization of $684.35 million, a price-to-earnings ratio of 13.50 and a beta of 0.89.
In other news, Director Elizabeth G. Hoople purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was bought at an average price of $83.63 per share, for a total transaction of $83,630.00. Following the completion of the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at $334,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman J Tyler Haahr sold 5,000 shares of Meta Financial Group stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $73.07, for a total transaction of $365,350.00. The disclosure for this sale can be found here. Insiders sold 15,440 shares of company stock valued at $1,289,336 in the last quarter. 6.06% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of CASH. Wells Fargo & Company MN increased its stake in shares of Meta Financial Group by 1.4% in 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 buying an additional 78 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Meta Financial Group during the first quarter valued at $3,104,000. Stifel Financial Corp increased its stake in shares of Meta Financial Group by 2,444.8% in the first quarter. Stifel Financial Corp now owns 109,909 shares of the savings and loans company’s stock valued at $9,762,000 after buying an additional 105,590 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Meta Financial Group during the fourth quarter valued at $378,000. Finally, Pier Capital LLC bought a new stake in shares of Meta Financial Group during the first quarter valued at $2,680,000. Institutional investors and hedge funds own 74.12% of the company’s stock.
About Meta Financial Group
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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