Meta Financial Group (NASDAQ:CASH) Upgraded by BidaskClub to Buy

BidaskClub upgraded shares of Meta Financial Group (NASDAQ:CASH) from a hold rating to a buy rating in a report released on Saturday, BidAskClub reports.

Several other research analysts have also recently issued reports on the company. B. Riley set a $38.00 price objective on Meta Financial Group and gave the stock a buy rating in a research report on Friday, August 23rd. Zacks Investment Research upgraded Meta Financial Group from a hold rating to a strong-buy rating and set a $36.00 price objective for the company in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Meta Financial Group currently has a consensus rating of Buy and a consensus target price of $37.00.

NASDAQ:CASH traded up $0.28 during trading hours on Friday, hitting $33.97. The company’s stock had a trading volume of 391,183 shares, compared to its average volume of 228,194. The business’s 50-day moving average is $30.23 and its two-hundred day moving average is $26.05. The company has a market capitalization of $1.28 billion, a PE ratio of 14.27 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 0.74. Meta Financial Group has a 52-week low of $17.84 and a 52-week high of $34.81.

Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.25. The firm had revenue of $110.76 million during the quarter. Meta Financial Group had a return on equity of 11.64% and a net margin of 16.57%. As a group, analysts predict that Meta Financial Group will post 2.76 EPS for the current fiscal year.

The company also recently declared a — dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be given a $0.05 dividend. This represents a dividend yield of 0.6%. The ex-dividend date is Monday, September 9th. Meta Financial Group’s dividend payout ratio is currently 7.12%.

In other news, Director William David Tull sold 19,778 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $28.44, for a total value of $562,486.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 121,224 shares of company stock valued at $3,315,955. Company insiders own 7.69% of the company’s stock.

Several hedge funds have recently made changes to their positions in CASH. Dimensional Fund Advisors LP increased its position in shares of Meta Financial Group by 195.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,530,076 shares of the savings and loans company’s stock valued at $29,668,000 after buying an additional 1,012,492 shares in the last quarter. Deutsche Bank AG increased its position in shares of Meta Financial Group by 17.4% in the fourth quarter. Deutsche Bank AG now owns 23,183 shares of the savings and loans company’s stock valued at $447,000 after buying an additional 3,431 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Meta Financial Group by 96,733.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,810 shares of the savings and loans company’s stock valued at $114,000 after buying an additional 5,804 shares in the last quarter. Comerica Bank increased its position in shares of Meta Financial Group by 3.2% in the first quarter. Comerica Bank now owns 27,363 shares of the savings and loans company’s stock valued at $572,000 after buying an additional 854 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in shares of Meta Financial Group by 3.8% in the first quarter. Texas Permanent School Fund now owns 18,736 shares of the savings and loans company’s stock valued at $369,000 after buying an additional 685 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

About Meta Financial Group

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. The company accepts various deposit products, including statement savings accounts, money market savings accounts, negotiable order of withdrawal accounts, and checking accounts; and deposits related to prepaid cards, which primarily comprise checking accounts and certificate accounts.

Featured Story: Commodities

Receive News & Ratings for Meta Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.