BidaskClub downgraded shares of Meta Financial Group (NASDAQ:CASH) from a buy rating to a hold rating in a research report released on Wednesday morning.
Several other research firms have also weighed in on CASH. B. Riley raised Meta Financial Group from a neutral rating to a buy rating and set a $95.00 price objective for the company in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Meta Financial Group from a hold rating to a strong-buy rating and set a $100.00 target price for the company in a report on Wednesday, November 1st. FBR & Co upgraded Meta Financial Group from a neutral rating to a buy rating and set a $95.00 target price for the company in a report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods restated a buy rating and issued a $88.00 target price on shares of Meta Financial Group in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $95.75.
Shares of Meta Financial Group (CASH) opened at $91.05 on Wednesday. The firm has a market capitalization of $889.31, a price-to-earnings ratio of 18.97 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 has a one year low of $60.70 and a one year high of $106.90.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Malaga Cove Capital LLC purchased a new stake in shares of Meta Financial Group during the third quarter worth $111,000. SG Americas Securities LLC purchased a new stake in shares of Meta Financial Group during the second quarter worth $112,000. LS Investment Advisors LLC purchased a new stake in shares of Meta Financial Group during the third quarter worth $152,000. Victory Capital Management Inc. raised its holdings in shares of Meta Financial Group by 31.3% during the second quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock worth $161,000 after acquiring an additional 430 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Meta Financial Group during the third quarter worth $165,000. Institutional investors own 76.89% of the company’s stock.
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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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