Meta Financial Group (NASDAQ:CASH) Sets New 1-Year High at $44.78


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Meta Financial Group, Inc. (NASDAQ:CASH) shares hit a new 52-week high on Tuesday . The company traded as high as $44.78 and last traded at $44.57, with a volume of 3709 shares changing hands. The stock had previously closed at $44.04.

A number of research firms have commented on CASH. Piper Sandler raised their target price on shares of Meta Financial Group from $24.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. B. Riley raised their target price on shares of Meta Financial Group from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 28th. Keefe, Bruyette & Woods raised shares of Meta Financial Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $28.00 to $33.00 in a research report on Thursday, October 29th. Zacks Investment Research downgraded shares of Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 29th. Finally, Raymond James raised their target price on shares of Meta Financial Group from $42.00 to $48.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 28th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Meta Financial Group currently has a consensus rating of “Buy” and an average target price of $36.00.

The business’s 50-day moving average price is $40.32 and its 200-day moving average price is $29.98. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.42 billion, a PE ratio of 15.08 and a beta of 0.96.

Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings data on Wednesday, January 27th. The savings and loans company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.33. Meta Financial Group had a net margin of 19.66% and a return on equity of 10.41%. The firm had revenue of $111.45 million for the quarter, compared to the consensus estimate of $106.70 million. As a group, analysts predict that Meta Financial Group, Inc. will post 3.14 earnings per share for the current year.

In related news, Director Kendall E. Stork sold 2,000 shares of Meta Financial Group stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $43.12, for a total value of $86,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brett L. Pharr sold 2,400 shares of Meta Financial Group stock in a transaction that occurred on Wednesday, January 6th. The stock was sold at an average price of $40.01, for a total transaction of $96,024.00. Following the completion of the sale, the insider now owns 24,168 shares of the company’s stock, valued at $966,961.68. The disclosure for this sale can be found here. Insiders sold a total of 93,828 shares of company stock valued at $3,571,369 over the last quarter. 2.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its stake in Meta Financial Group by 220.3% during the 4th quarter. Lazard Asset Management LLC now owns 788 shares of the savings and loans company’s stock valued at $28,000 after acquiring an additional 542 shares during the period. Vantage Consulting Group Inc acquired a new stake in Meta Financial Group during the 4th quarter valued at approximately $61,000. O Shaughnessy Asset Management LLC lifted its stake in Meta Financial Group by 62.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,494 shares of the savings and loans company’s stock valued at $86,000 after acquiring an additional 1,723 shares during the period. Nisa Investment Advisors LLC lifted its stake in Meta Financial Group by 227.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,880 shares of the savings and loans company’s stock valued at $105,000 after acquiring an additional 2,000 shares during the period. Finally, Panagora Asset Management Inc. acquired a new stake in Meta Financial Group during the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

About Meta Financial Group (NASDAQ:CASH)

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. It operates through three segments: Consumer, Commercial, and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, money market savings accounts, and certificate accounts; term lending, asset based lending, factoring, lease financing, insurance premium financing, warehouse financing, and healthcare receivables loans; and consumer credit products.

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