ValuEngine Downgrades Meta Financial Group (CASH) to Strong Sell

Meta Financial Group (NASDAQ:CASH) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded Meta Financial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 26th. BidaskClub downgraded Meta Financial Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 25th. Raymond James lowered their price objective on Meta Financial Group from $40.00 to $36.67 and set a “strong-buy” rating for the company in a research note on Monday, September 17th. B. Riley lowered their price objective on Meta Financial Group from $33.33 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, September 13th. Finally, Sandler O’Neill set a $40.00 price objective on Meta Financial Group and gave the stock a “buy” rating in a research note on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Meta Financial Group has an average rating of “Hold” and a consensus price target of $37.14.

Shares of CASH opened at $26.60 on Friday. The firm has a market cap of $1.08 billion, a P/E ratio of 3.77 and a beta of 1.00. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.19. Meta Financial Group has a 12 month low of $25.73 and a 12 month high of $39.33.

Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings data on Thursday, July 26th. The savings and loans company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.22. The firm had revenue of $61.64 million during the quarter, compared to the consensus estimate of $66.50 million. Meta Financial Group had a return on equity of 14.58% and a net margin of 14.08%. On average, equities analysts forecast that Meta Financial Group will post 6.16 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Meta Financial Group by 3.4% in the first quarter. Legal & General Group Plc now owns 17,025 shares of the savings and loans company’s stock worth $1,860,000 after purchasing an additional 562 shares in the last quarter. Citigroup Inc. grew its stake in shares of Meta Financial Group by 17.2% in the first quarter. Citigroup Inc. now owns 3,939 shares of the savings and loans company’s stock worth $430,000 after purchasing an additional 578 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Meta Financial Group by 23.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 3,338 shares of the savings and loans company’s stock worth $325,000 after purchasing an additional 640 shares in the last quarter. Swiss National Bank grew its stake in shares of Meta Financial Group by 5.4% in the first quarter. Swiss National Bank now owns 15,600 shares of the savings and loans company’s stock worth $1,704,000 after purchasing an additional 800 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Meta Financial Group by 27.6% in the second quarter. Citadel Advisors LLC now owns 3,800 shares of the savings and loans company’s stock worth $370,000 after purchasing an additional 821 shares in the last quarter. 61.11% of the stock is owned by institutional investors.

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.

Further Reading: Short Selling Stocks, A Beginner’s Guide

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Analyst Recommendations for Meta Financial Group (NASDAQ:CASH)

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