Analysts Set Meta Financial Group Inc. (CASH) PT at $116.25

Meta Financial Group Inc. (NASDAQ:CASH) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $116.25.

CASH has been the subject of a number of research reports. B. Riley boosted their target price on shares of Meta Financial Group from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Zacks Investment Research upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Lake Street Capital initiated coverage on shares of Meta Financial Group in a research note on Monday, January 8th. They set a “buy” rating and a $120.00 target price for the company. Finally, BidaskClub lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th.

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Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC grew its position in shares of Meta Financial Group by 70.9% during the 3rd quarter. SG Americas Securities LLC now owns 2,150 shares of the savings and loans company’s stock valued at $169,000 after acquiring an additional 892 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Meta Financial Group by 42.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 3,000 shares of the savings and loans company’s stock valued at $278,000 after acquiring an additional 900 shares during the period. Texas Permanent School Fund grew its position in shares of Meta Financial Group by 20.8% during the 4th quarter. Texas Permanent School Fund now owns 6,142 shares of the savings and loans company’s stock valued at $569,000 after acquiring an additional 1,057 shares during the period. Advisor Group Inc. grew its position in shares of Meta Financial Group by 29.5% during the 4th quarter. Advisor Group Inc. now owns 5,560 shares of the savings and loans company’s stock valued at $515,000 after acquiring an additional 1,265 shares during the period. Finally, American International Group Inc. grew its position in shares of Meta Financial Group by 27.2% during the 3rd quarter. American International Group Inc. now owns 7,072 shares of the savings and loans company’s stock valued at $554,000 after acquiring an additional 1,512 shares during the period. 78.95% of the stock is owned by hedge funds and other institutional investors.

CASH traded down $1.30 during mid-day trading on Friday, reaching $113.55. 95,384 shares of the company traded hands, compared to its average volume of 57,681. The firm has a market cap of $1,112.19, a PE ratio of 16.11 and a beta of 1.13. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.20. Meta Financial Group has a 52-week low of $60.70 and a 52-week high of $117.97.

Meta Financial Group (NASDAQ:CASH) last announced its earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.25. The business had revenue of $58.46 million during the quarter, compared to analyst estimates of $54.47 million. Meta Financial Group had a net margin of 16.20% and a return on equity of 16.05%. research analysts forecast that Meta Financial Group will post 7.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 12th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Friday, March 9th. Meta Financial Group’s payout ratio is 7.38%.

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Meta Financial Group Company Profile

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services to individuals, small businesses, financial institutions, and other businesses. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts.

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